The United States might have found their next big discovery of helium gas. And it belongs to a Canadian publicly traded company.
What’s happening:
- Pulsar Helium (TSXV: PLSR) has announced a new major discovery of helium gas at their Topaz helium project in Minnesota
- The new discovery is considered to be one of the most significant recent successes in exploration for helium in the United States
Why it matters:
- There has been a growing concern that the United States had either depleted the vast majority of their helium producing properties or sold them to foreign companies
- Helium gas is a critical input for healthcare technology such as MRI machines and even for emerging aerospace companies that require helium for rocket launches into orbit
By the numbers:
- Pulsar Helium found concentrations of 12.4% helium at their Topaz property, as measured by their on site spectrometer
Market reaction:
- Shares of Pulsar Helium are up more than +200% since the announcement of their discovery
Going deeper:
- Publicly traded helium companies have become increasingly important, with the Canadian government recently providing funding to advance exploration projects located within Canada
The intrigue:
- Helium is also used for manufacturing chips and semiconductors by helping prevent various chemical reactions
