Pulsar Announces New Helium Legislation in the State of Minnesota
VANCOUVER, British Columbia, May 23, 2024 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce that the State of Minnesota has enacted new legislation that includes helium exploration, production and for leasing on state lands following advances made by the Company at its Topaz helium project where the Jetstream #1 well flowed 13.8% helium.
- VANCOUVER, British Columbia, May 23, 2024 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce that the State of Minnesota has enacted new legislation that includes helium exploration, production and for leasing on state lands following advances made by the Company at its Topaz helium project where the Jetstream #1 well flowed 13.8% helium.
- The new legislation came into effect on May 22nd, after being signed into law by the State Governor.
- The new regulatory framework allows the State of Minnesota to issue leases for exploration and production of non-hydrocarbon gases (including helium), with Pulsar already having lodged an application for new leases in areas of interest for helium and hydrogen.
- The new legislation gives Pulsar certainty moving forward, creating a clear regulatory pathway for us to take Topaz to production.