20-11-2024

Pulsar Helium agreement with Chart Industries for Helium and CO2 capture and production

Pulsar Helium Inc, the helium project development company, is pleased to announce that its wholly owned Minnesotan subsidiary, Keewaydin Resources Inc, has signed an agreement with Earthly Labs, a subsidiary of Chart Industries, a leading supplier of industrial gas processing plant and equipment. The Agreement outlines a procurement roadmap, speciíc to Pulsar's needs, and facilitates access to advanced gas processing technologies, including helium and carbon dioxide capture, essential for servicing a potential production scenario at Pulsar's îagship Topaz project in Minnesota.

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 CO 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 CO 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 significance 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 benefit of Earthly Labs and Chart carrying out engineering studies means that we will reduce third-party costs, while reducing risk and time-to-value.”

Details of the Agreement
The Agreement states that Keewaydin Resources Inc. and Earthly Labs will  work together to enter into a binding agreement under which Earthly Labs will sell its CiCi (Elm) carbon capture solution to Keewaydin Resources Inc. The CiCi (Elm) solution includes CO capture, purification and liquefaction technology, commissioning, and training.

Under the terms of the Agreement, Earthly Labs will complete an engineering study for a CO plant, which will include P&ID and heat, material balance and helium recoveries. Chart will provide recommendations on a helium plant design and CO storage tanks made in Minnesota.