09:51 AM EDT, 03/14/2024 (MT Newswires) -- Pulsar Helium Inc. ( PSRHF ) said Thursday that it has received the analytical laboratory results for gas samples from the Jetstream No. 1 appraisal well at the Topaz helium project in Minnesota.

The company said helium contents of up to 13.8% were measured, specifically from a sample obtained at 1,801 feet in-hole depth.

Pulsar noted that the helium content of 13.8% represents a minimum source estimate due to the clear presence of small amounts of atmospheric contamination in the samples.

"Comparing this to our extensive database for helium occurrences around the world, we are pleased to say the results from the Jetstream #1 appraisal well are the highest helium concentrations that we have ever seen," CEO Cliff Cain said. "This marks an important milestone for Pulsar and we are delighted with such a positive outcome for our client."

The company was down 2.8% at last look in early Thursday trading.

Price: 1.38, Change: -0.03, Percent Change: -2.13