08:05 AM EDT, 08/26/2025 (MT Newswires) -- Pulsar Helium ( PSRHF ) traded 1% lower at last look Tuesday in U.K. trading as it gave an operational update on its flagship Topaz helium project in Minnesota.

Pulsar said results from recent flow testing showed that jetstream #1 flowed over 1.3 million cubic feet per day under well-head compression.

The well produced dry gas with no formation water, confirming a clean, helium-bearing gas stream. With sufficient data now collected, no further flow testing is planned for jetstream #1 at this time, the company said.

"Armed with these well results and our partnership with Chart Industries on advanced processing solutions, we are well positioned to unlock Topaz's full value as a primary helium project," said Thomas Abraham-James, president and CEO of Pulsar.

Pulsar also executed a drilling contract and a master services agreement with Timberline Drilling to drill up to 10 wells covering 3,937 feet. Drilling is expected to commence in late September.

"This program aims to significantly expand our understanding of the helium reservoir and accelerate our path toward production," Abraham-James said.