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CASCAIS, Portugal, June 17, 2025 (GLOBE NEWSWIRE) — Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a leading helium project development company, announces that the well clean up and flow testing program for the Jetstream #1 and #2 wells at the Company’s Topaz Project in Minnesota is to commence in mid-July and is scheduled to be completed in early-August. Drawing on research from geologically comparable settings, the Company has tailored its well clean-up procedure to ensure optimal results. The Company is funded for this work program and the data will provide significant insights to the Topaz project’s production potential.
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The Well Testing Program
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The first phase of testing both Jetstream wells will commence with a clean-up, whereby drill fines (rock dust) that are currently present in fractures and partially coating the wellbore will be removed (refer to Pulsar news release April 28th, 2025).
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The clean-up operation will be carried out using coil tubing deployed into the wells from a truck-mounted unit, eliminating the need for a drill rig, and will involve treating the wells with a combination of water, nitrogen and NSF 60* compliant additives.
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Following the completion of well clean-up, the next phase will consist of pressure and flow testing operations at both the Jetstream #1 and #2 wells, with samples collected for laboratory testing. Results will be released to the market throughout the well testing program as they become available and have been verified.
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* NSF 60 = NSF 60 refers to the NSF/ANSI/CAN 60 standard, which is an American National Standard that sets the minimum health effects requirements for chemicals used in the treatment of drinking water. This standard ensures that any chemicals, chemical contaminants, and impurities directly added to drinking water during treatment do not pose unacceptable health risks to consumers.
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Thomas Abraham-James, President & CEO of Pulsar, commented:
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“I am happy to announce that well testing of Jetstream #1 and #2 will soon be underway. Following the encouraging pressure readings recorded during our Q1 drilling program, we’re eager to recommence flow testing once both wells have been cleared of blockages. The program is fully financed and will give us the data we need to advance the Topaz primary helium project, creating the next phase of exciting news flow for our stakeholders.”
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About the Topaz Project
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The Topaz project is located in northern Minnesota, USA where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal well has now reached total depth (“TD”) of 5,100 feet (1,555 metres) on January 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. The Jetstream #1 appraisal well previously reached TD of 2,200 feet (671 metres) on February 27, 2024, identifying top-tier helium concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and flowed at a rate of 821,000 cubic feet per day. Drilling of, the Jetstream #2 appraisal well was completed on February 1, 2025, reaching a TD of 5,638 feet (1,718 metres). The deepening of Jetstream #1 and completion of the drilling of Jetstream #2 are pivotal steps in advancing Pulsar’s strategy to address the increasing global demand for helium as the Company moves another step closer to production.
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