07:58 AM EST, 11/11/2025 (MT Newswires) -- Pulsar Helium ( PSRHF ) (PLSR.V, PLSR.L) on Tuesday announced the completion of drilling at the Jetstream #3 appraisal well at its flagship Topaz Project in Minnesota, reaching a total depth of 3,507 feet and penetrating the entire interpreted helium-bearing interval.

"Initial bottom-hole pressure readings surpass expectation and reinforce our belief in the huge potential offered by this incredible multi-commodity gas discovery," said Pulsar Helium's ( PSRHF ) President and Chief Executive Officer, Thomas Abraham-James.

The company also said that drill rig was relocated and Jetstream #4 'spudded' on Nov. 9, 2025, "as progress begins toward achieving a TD of 3,000 feet (914 meters)."

The company said that Jetstream #3 will, this week, undergo a comprehensive evaluation, with a suite of open-hole wireline logs running to collect detailed geological and petrophysical data.

The company added that the active drilling campaign consists of up to 10 wells and is designed to further define the geometry, extent, and productivity of the helium-bearing reservoir at Topaz.

A statement noted that field activities will be ongoing as the company advances toward its objectives of updating the Topaz resource and conducting a preliminary economic assessment (PEA) in H1 2026.

"With the drilling of Jetstream #4 underway and down-hole testing soon to commence at Jetstream #3, momentum continues to build at Topaz as we advance our drilling campaign and move steadily towards defining what we believe to be one of North America's most significant primary helium discoveries," added the CEO.

Pulsar Helium ( PSRHF ) was last seen down 1.50 pounds to 37.00 pounds on the London Stock Exchange.