Mesabi Tribune: Pulsar Helium accelerates Topaz project

The commercial production of helium in northeastern Minnesota is closer to becoming reality.

Pulsar Helium Inc.’s, subsidiary Keewaydin Resources Inc., has signed a binding letter of agreement and limited notice to proceed for the reservation of a helium liquefaction plant and related $78.7 million equipment package that would produce and process helium from the company’s Topaz helium project near Babbitt, Pulsar Helium said.

“Signing this letter is a transformational milestone for Pulsar and for the development of Topaz,” Thomas Abraham-James, Pulsar Helium Inc., director and chief executive officer said. “We are moving from discovery and appraisal into the infrastructure required for production, processing and liquefaction. The Letter (of) Agreement meaningfully de-risks the path to first production by securing the critical midstream infrastructure required to process, purify and liquefy helium.”

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