Pulsar Helium

What Pulsar Helium does

Pulsar Helium Inc. is a publicly traded primary helium exploration and development company listed on the TSX Venture Exchange (PLSR), AIM Market of the London Stock Exchange (PLSR), and OTCQB (PSRHF). The company focuses on discovering and developing helium deposits where helium is the primary economic target rather than a byproduct of hydrocarbon extraction, addressing structural supply concentration risk in the global helium market where Qatar provides approximately 35% of world supply and where the U.S. Federal Helium Reserve has been undergoing privatization. Its core asset is the Topaz Project in Lake County, Minnesota, where seven Jetstream wells achieved a 100% drilling success rate, with helium-4 concentrations up to 14.5% (versus a 0.3% economic threshold) and independently verified helium-3 concentrations up to 14.5 parts per billion. The company also operates the Tunu Project in East Greenland (62 sq km license, helium contents of at least 0.8%) and the Falcon Project in Michigan's Upper Peninsula (option agreement covering 488,090 acres with Keweenaw Land Association).

The company's technical approach relies on conventional vertical drilling to depths of 2,597–5,638 feet without hydraulic fracturing, proprietary geological models for primary helium deposit identification, 2D seismic surveys (41.5 miles across five lines using Vibroseis technology processed by Earth Signal in Calgary), and multi-well flow and pressure build-up testing. Jetstream #1 was flow-tested at a peak rate of 1.3 million cubic feet per day at 8.1% helium concentration, with bottom-hole pressures across the well program ranging from 576 psi to 1,292 psi. Pulsar has signed a Letter of Intent with Chart Industries (NYSE: GTLS) for an integrated CO2 capture and helium liquefaction facility. The company is led by co-founder and CEO Thomas Abraham-James, a 17-year helium geologist, alongside a management team with deep oil and gas, industrial gas, and capital markets experience.

Pulsar Helium is pre-revenue and generates no commercial sales as of mid-2026. Its planned revenue model rests on four streams: helium-4 production and sale to industrial gas distributors and end-users (semiconductor, quantum computing, healthcare MRI, aerospace, fiber optics) through long-term offtake agreements; helium-3 isotope sales at approximately US$2,500 per liter for quantum computing, fusion research, and cryogenic applications; carbon dioxide sales from the gas mixture (explicitly authorized under Minnesota legislation signed May 2026); and mineral rights leasing across approximately 690 net mineral acres owned outright plus 4,941 net mineral acres under lease at Topaz. Distribution will be regional (North America initially) via direct enterprise sales to industrial gas majors and technology end-users, with Chart Industries supplying processing infrastructure. First production is targeted for late 2025/H1 2026, with formal pricing to be established through future offtake negotiations.

Name

Pulsar Helium

Legal name

Pulsar Helium Inc.

Website

https://www.pulsarhelium.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Pulsar Helium is a publicly traded primary helium exploration and development company operating the Topaz Project in Minnesota, the Tunu Project in Greenland, and the Falcon Project in Michigan, targeting industrial off-takers in semiconductor, quantum computing, healthcare, and aerospace markets.

Ownership category

akta.pro rank

Product category

Helium Exploration and Production

NAICS

Industrial Gas Manufacturing (32512)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Helium & Rare Gases (Neon/Krypton/Xenon) (IMAEACAD)

akta.pro secondary industry

Liquid Hydrogen (LH2) Storage & Cryogenic Tank Systems (EUAFAEAB)

Keywords

• Primary helium exploration
• Helium gas production
• Helium-3 isotope
• Mineral resource development
• Industrial gas extraction

Headquarters

HQ city

White Rock

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Helium Production and Sales: Pulsar Helium plans to generate revenue through the production and sale of helium gas extracted from its primary helium projects. The company has signed a Letter of Intent with Chart Industries for an integrated CO2 capture and helium liquefaction facility. Expected first production targeted for late 2025/H1 2026. Revenue will come from selling helium to industrial gas distributors, semiconductor manufacturers, healthcare companies, and aerospace contractors through long-term offtake agreements.
2. Helium-3 Isotope Sales: The rare helium-3 isotope, verified at concentrations among the highest naturally occurring levels worldwide, commands prices of approximately US$2,500 per liter (over $18 million per kg). This represents a potential high-value by-product stream for quantum computing, fusion research, and cryogenic applications.
3. Carbon Dioxide Sales: CO2 is present in the gas mixture at Topaz and represents a potential value-add product due to ongoing shortage in the USA. Minnesota legislation signed in May 2026 explicitly allows carbon dioxide sales from helium production.
4. Mineral Rights Leasing: Pulsar holds approximately 690 net mineral acres owned outright and 4,941 net mineral acres under lease at Topaz, with majority carrying a competitive 3% royalty rate. The company may select up to 20,000 net acres under formal Non-Hydrocarbon Gas Lease upon exercising Michigan option.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Pulsar Helium is a primary helium exploration and development company that acquires, explores, and develops helium assets where helium is the principal economic driver rather than a byproduct of hydrocarbon production. The company operates the flagship Topaz Project in Minnesota (USA), the Tunu Project in Greenland, and the Falcon Project in Michigan, with plans to extract and sell helium, helium-3, and carbon dioxide through long-term offtake agreements with industrial gas companies and technology end-users.

Product overview

Pulsar Helium is a primary helium exploration and development company operating two distinct projects: the Topaz Project in Minnesota, USA (100% owned) and the Tunu Project in Greenland (100% owned). The company focuses on discovering and developing helium resources where helium is the primary economic driver rather than a byproduct of hydrocarbon production. At Topaz, the company has discovered high-grade helium concentrations (up to 14.5%), along with the rare isotope helium-3 and potential CO2 by-product. Pulsar plans to construct a helium and CO2 capture facility in partnership with Chart Industries. The company also operates the Falcon Project in Michigan's Upper Peninsula, acquired through the purchase of Hybrid Hydrogen Inc. and option agreements with Keweenaw Land Association. The company is listed on TSXV (PLSR), AIM (PLSR), and OTCQB (PSRHF).

Differentiator

Problem solved

Functional benefit

Brands

• PLSR Ignite: Monthly themed initiative showcasing real-world helium applications across various industries, partnering with companies to offer experiences and opportunities for participants.
• PLSR Scholars
• PLSR Insights

Products and services

• Topaz Project Flagship helium exploration and development project located in northeastern Minnesota, USA. The project has achieved exceptional flow test results with Jetstream #1 averaging 8.1% helium concentration and Jetstream #2 averaging 5.6% helium, with confirmed helium-3 concentrations up to 14.5 ppb. The project also contains carbon dioxide as a potential by-product and is operated by subsidiary Keewaydin Resources Inc.
• Tunu Project An exploration-stage helium project located in East Greenland, representing one of the rare primary helium occurrences identified in Europe. The 62 sq km license shows helium contents of at least 0.8% from hot spring gas analyses and is not associated with hydrocarbons. Pulsar holds 100% ownership with exclusive rights to helium, hydrogen, geothermal energy, and all other minerals (excluding hydrocarbons and radioactive elements).
• Helium-3 (³He) Resource A rare, non-radioactive helium isotope discovered at the Topaz Project in Minnesota, with concentrations up to 14.5 ppb confirmed by laboratory analysis. Priced at up to US$2,500 per liter (approximately US$18.7 million per kg), helium-3 has strategic applications in quantum computing, fusion energy, cryogenics, neutron detection, and medical imaging.

Quantifiable outcome

• 100% drilling success rate (7 of 7 Jetstream wells encountered pressurized gas)
• +5 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered strategic, core and minor.

• DGWA GmbHstrategicGTM or Marketing Partner · 21 April 2026German-based DGWA appointed as European Financial Markets and Corporate Advisor for 12-month term commencing April 21, 2026. Engagement valued at €12,000 per month (€6,000 cash, €6,000 common shares) plus success-based fees of 6-10% on equity raised, 2.5% on grants/subsidies, and 1.5% on debt financings. Agreement supports European business development and fundraising activities.
• Keweenaw Land Association (KLA)coreStrategic or Co-development Partner · 31 March 2026Exclusive three-year Option to Lease Non-Hydrocarbon Gas Agreement covering approximately 488,090 gross acres of mineral rights in Michigan's Upper Peninsula. Pulsar's subsidiary Pulsar Helium (MI) Inc. may select up to 20,000 net acres for formal lease upon exercising the option. The agreement establishes the Falcon Project and includes minimum exploration expenditure commitments of US$1.0 million over the option period.
• Hybrid Hydrogen Inc.strategicStrategic or Co-development Partner · 5 January 2026Completed acquisition of 100% of Hybrid Hydrogen Inc. in January 2026 for US$80,000, marking first entry into Michigan's Upper Peninsula. The acquisition provided approximately 5,742 gross acres of mineral rights targeting non-hydrocarbon gases, primarily helium. Combined with KLA option to form Falcon Project.
• Oscillate PLCcoreStrategic or Co-development Partner · 19 December 2025Share-based strategic transaction to acquire Quantum Hydrogen Inc. (80% completed March 2026, remaining 20% option until May 2027 for US$400,000 additional consideration). Total transaction valued at US$400,000 in five monthly tranches of US$80,000 each. The acquisition expands Pulsar's Minnesota land position west of Topaz Project, prospective for helium and hydrogen.
• Dr. Peter BarrystrategicStrategic or Co-development Partner · 23 October 2025Dr. Peter Barry appointed as Scientific Helium-3 Advisor to lead Pulsar's helium-3 research efforts and oversee scientific data analysis related to the Topaz Project.
• Chart IndustriescoreTechnology or Integration · 10 September 2025Chart Industries (NYSE: GTLS), a leader in industrial gas equipment, signed a Letter of Intent in March 2026 to supply an integrated CO2 capture and helium liquefaction facility for the Topaz Project. Chart is conducting production studies and optimal production plant design. The agreement outlines a procurement roadmap specific to Pulsar's needs and facilitates access to advanced gas processing technologies.
• Yellow Jersey PR LimitedminorGTM or Marketing PartnerFinancial Public Relations Adviser providing investor relations and media communications support.

Scale indicators12 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• Linde plc: Global industrial gas major and one of the largest helium distributors worldwide. Relevant as the natural offtake counterparty for Pulsar's helium production and as a benchmark for industrial helium pricing and global supply economics.

Emerging players

• Total Helium Ltd: Junior helium exploration and production company operating in the United States with a focus on underground storage and production. Comparable as a smaller-scale primary helium developer in North America pursuing similar industrial gas offtake markets.

Direct peers

• Desert Mountain Energy Corp. Public helium exploration and production company operating the Kight project in Arizona. Comparable as a North American primary helium developer advancing toward production, with similar customer targets in semiconductor and medical imaging.
• Helium One Global Ltd: AIM-listed primary helium exploration company focused on the Rukwa project in Tanzania. Most directly comparable to Pulsar given overlapping primary helium focus, AIM listing, and shared board linkage (Pulsar Chair Neil Herbert is also a Helium One director).
• First Helium Inc. TSX-V listed helium exploration company with operations in Alberta. Comparable as a primary helium developer at similar stage of advancing from exploration to production, with similar customer pipeline.
• Noble Helium Ltd: ASX-listed primary helium exploration company focused on the North Rukwa Basin in Tanzania. Comparable as a primary helium explorer with similar stage of resource delineation and end-customer focus on semiconductor and medical markets.
• Blue Star Helium Ltd: ASX-listed helium exploration company with assets in the United States. Directly comparable as a primary helium developer targeting industrial gas end-markets and pursuing similar appraisal-to-production pathways.
• Avanti Energy Inc. Canadian-listed helium exploration company focused on Sweetgrass, Montney, and Greater Knappen areas. Comparable as a primary helium developer serving similar high-value end-markets including medical imaging and semiconductor fabrication.
• Royal Helium Ltd: TSX-V listed helium exploration and production company with assets in Alberta and Saskatchewan. Comparable as a publicly listed primary helium developer pursuing similar offtake strategies and end-markets as Pulsar.

Others

• Chart Industries Inc. NYSE-listed industrial gas equipment provider and Pulsar's processing partner via LOI. Comparable as the key infrastructure and technology supplier enabling Pulsar's downstream helium liquefaction and CO2 capture, and a relevant peer for understanding processing capex and timelines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/pulsarhelium
• YouTubeyoutube.com/@PulsarHelium
• LinkedInlinkedin.com/company/pulsar-helium-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pulsar Helium