11:53 AM EDT, 10/14/2025 (MT Newswires) -- Pulsar Helium ( PSRHF ) on Tuesday said it has mobilized the drill rig and supporting equipment to its flagship Topaz project in Minnesota.

The company plans to drill up to 10 additional wells, with the campaign designed to further define the geometry, extent, and productivity of the helium-bearing reservoir identified in previous drilling and flow-testing campaigns.

"The mobilization of the drill rig signals the start of an exciting new phase at Topaz," president and chief executive officer Thomas Abraham-James said. "Building on the strong results from Jetstream #1 and #2, this next program is critical in confirming the scale of Minnesota's helium potential."

The program will comprise up to 10 wells targeting helium-bearing zones at depths between 1,500 to 3,900 feet. Drilling of the first well, Jetstream #3, is expected to start later this week, Pulsar said.

"Each well will bring us closer to quantifying the resource, advancing Topaz toward commercial development, and reinforcing Pulsar's role in strengthening U.S. helium supply chains," Abraham-James said.

Pulsar's share price climbed more than 48% to a near 52-week high of $1.04 per share on the Toronto Stock Exchange in early Tuesday trading.

Price: 1.04, Change: +0.34, Percent Change: +48.57