A significant helium reservoir was discovered in Minnesota by Pulsar Helium Inc. with concentrations of up to 12.4%.
Helium is crucial for various applications such as MRI machines and semiconductor manufacturing.
“It is a big day for helium exploration, confirming the original discovery in the new jurisdiction of Minnesota. I look forward to keeping the market updated with further results as they are received,” Pulsar’s president and CEO Thomas Abraham-James said.
The U.S. helium supply chain faces potential disruptions due to the government’s sale of the Federal Helium Reserve system.
The accidental discovery has highlighted the importance of helium exploration and production.
Samples of the gas will be delivered to a “specialist gas laboratory for full molecular composition, removal of atmospheric (air) contamination, and isotopic characterization,” the company stated.
