Pulsar Helium, a primary helium exploration and development company, announced that it has entered into an exclusive option to lease non-hydrocarbon gas agreement with Keweenaw Land Association covering approximately 488,090 acres of mineral rights in Michigan’s Upper Peninsula.
This is an exclusive three-year exploration option commencing March 31. The option covers non-hydrocarbon gases including helium-4, helium-3, carbon dioxide and hydrogen, providing exposure to district-scale geological potential across the KLA land position.
“This agreement with Keweenaw Land Association marks a transformative step for Pulsar and for our Falcon Project in Michigan. The scale of this optioned land position, nearly half a million acres of exclusive helium exploration rights, is exceptional and reflects the quality of KLA as a partner and the strength of the geological thesis we have developed for the Upper Peninsula,” said Thomas Abraham-James, CEO of Pulsar.
“Our work at the Topaz Project in Minnesota has demonstrated that primary helium systems can be discovered and confirmed with a disciplined, technically rigorous approach, and we intend to bring exactly that same methodology to Falcon.
“Michigan’s Precambrian basement geology is highly prospective, and the region has not seen any activity for primary helium exploration. We have assembled a district-scale position that gives us the flexibility to evaluate a very large geological system before high-grading our focus to the most compelling targets. We are excited about what lies ahead in Michigan.”
