Pulsar Helium Signs Agreement With Chart

Pulsar Helium Signs Agreement With Chart

Earthly Labs | November 20, 2024

The helium project development company Pulsar Helium Inc. announced that its wholly owned Minnesotan subsidiary, Keewaydin Resources Inc., has signed an agreement with Chart subsidiary Earthly Labs outlining a procurement roadmap, specic to Pulsar's needs, that facilitates access to advanced gas processing technologies, including helium and carbon capture, essential for servicing a potential production scenario at Pulsar's flagship Topaz project in Minnesota ("Topaz"). The Agreement sets out the following principal terms for how the parties could work together, which would be further detailed in a master services agreement to be entered into: Pulsar would agree to purchase the Chart carbon capture solution to capture helium and carbon dioxide from Topaz, allowing Pulsar to monetise these products, whilst also reducing its emissions. Under the terms of the agreement, Chart will complete engineering studies and provide helium and carbon capture plant and storage recommendations for Pulsar.

Thomas Abraham-James, President & CEO of Pulsar, commented: "We are thrilled to have signed an Agreement with Chart Industries, the gold standard when it comes to gas processing equipment. We look forward to working towards the signing of a master service agreement and utilising this impressive cutting-edge technology. This development is one of great signicance for Pulsar, as it is in line with our commitment to realise production at Topaz whilst monetising both its helium and CO products, all while reducing emissions. The additional benet of Earthly Labs and Chart carrying out engineering studies means that we will reduce third-party costs, while reducing risk and time-to-value."

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