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2.8% of the company traded just like that. Just under notification 3% rules.

That is a massive trade.. could this have been thre reason we have been stuck between 73 and 77 for a few weeks now?

If so, the price is going to start moving around again no doubt.

Not long till FID now 👍

Ok.. someone else might be able to give you a better answer in terms of gas field knowledge, yields and resource estimation etc as my understanding is limited to chat GPT and any info I can glean from RNS's..

That said.. the background on the discovery is that it was drilled many years ago by another company looking for a different resource, they hit a non flammable gas pocket that they tried to vent but it kept roaring out for a few weeks. Decision was to plug and abandon.. subsequently understood to be helium but no reliable measurements recorded at the time.

Pulsar uncovered this info and bought up the mineral gas rights to the area as its first project, drilled a hole in pretty much exactly the same spot (20ft or so away from the original from memory) to replicate the discovery well and test..

This was the reason for the Jet Stream 1 location, not the sweet spot or the edge and it was only drilled to intersect the top of the 2d/3d mapped anomaly. (Mud/water drilling?) .. this is what provided the initial flow rate and the up to 14% helium concentration readings, which was then independently audited to contain 0.4b of helium as a recoverable resource.

Since then they have drilled 2 thirds deeper (air drilling), to the bottom of the annomoly and tested it which now flows much better (produces more) and helium has been averaged over a longer flow test to be 8%ish.. Jet stream 2 was drilled some 200 yards away, again to the bottom of the mapped resource (going from memory with all the figures by the way) to confirm communication and reservoir characteristics by being able to measure the difference in pressures between the wells whilst on test etc.

Once on test, issues with the air drilling fines were found and then cleaned up, better results again, but issues at jet stream 2 meant no flow test completed and we are awaiting a planned clean up and retest in q4 2025 (however down hole pressures were better than jet1, so it looks like good one )

Both holes were drilled as producers.

Resource estimate has not been upgraded since the first report so we are looking for a healthy upgrade due to it being base off of 1 well 1/3 of the way into the mapped resource.

Anomaly shows a field some 5km long by 1km long but as of yet it hasn't been tested.. that's what the 6 month drilling campaign (starting now) is for. (Drills planned to delinate field, take samples etc., not to produce from)

in oil terms.. our p10 could be massive (but the mapped anomaly has to be proven that is in fact the same resource and in communication etc.) and we dont have a number for it.. but our p90 curently 0.4bcf helium

Production wells costs circa 2.5m usd? I think and the very rough estimated topside needed for production and liquification are circa 25-50m usd (pre seperation of the new he4... and that is what chart industries are doing for us with the information we are getting - designing and pricing the topsides).

That's me out of memory.

Bb

Good — I dug through public sources and market reports. Short answer first, then the detail and the uncertainties.

Quick summary (best public estimates)

U.S. — Department of Energy / Savannah River Site (SRS, via the NIDC): ~8,000–10,000 liters of ³He per year (≈1.07–1.34 kg/yr). SRS is the documented producer and processor of He-3 recovered from tritium decay in the U.S. stockpile.

Russia — military/tritium-derived supply (state programs): Estimates up to ~20,000 L/yr (≈2.68 kg/yr) have been cited in the technical literature as a possible historical production scale; Russia has also been a significant exporter of He-3 in recent trade data. Exact current production figures are not publicly disclosed.

Commercial vendors (Air Liquide, Air Products, Linde, Messer, etc.): these companies resell small volumes of ³He on the open market (sourced from government stockpiles, tritium decay, or traders), but they do not publish annual production figures for ³He. Availability is limited and sold in liters/containers on request.

Notes on numbers, conversions & why data is fuzzy

Why units look small: He-3 production is tiny by mass. At STP one liter of helium gas contains about 0.1339 grams of He-3 (1 L ≈ 0.13393 g). That means 8,000 L ≈ 1.07 kg, 10,000 L ≈ 1.34 kg, and 20,000 L ≈ 2.68 kg. (These conversions follow the ideal-gas / molar mass calculation for helium.)

Primary source: nearly all terrestrial He-3 is produced as a by-product of tritium (³H) decay — tritium is made and managed principally by national nuclear/defense programs, so the supply is controlled and often classified. That’s why public, organization-level, audited annual figures are scarce.

Published estimates vary: older technical reports and market studies commonly cite U.S. production in the 8,000–10,000 L/yr range (some reports give higher historical maxima), and some analyses estimate Russia’s extraction at levels comparable or higher (hence the commonly-repeated ballpark a few kg per year for each major producer). But these are estimates rather than firm, continuously published production numbers.

Sources I used

Savannah River Site (SRS) program pages and DOE/NIDC product pages (SRS is the documented U.S. recovery/producer).

Technical/analysis reports summarizing historical production and estimated extraction rates (PPPL / Newbury style reports that list ~8–20k L/yr ranges).

Market reports and vendor pages (Air Liquide, market research summaries) showing that commercial suppliers do sell He-3 but do not publish centralized production numbers.

Trade/export data showing Russia as a recent significant exporter.

Bottom line and caveats

Bottom line: public, reliable, organization-by-organization annual production numbers are not consistently published. The best supported public estimate is that the U.S. (SRS/DOE) is a primary producer at about 8k–10k L/yr (≈1.1–1.3 kg/yr), Russia likely prod

Rpoodle, thought you might find this interesting with regards to he3 global production for comparison to any resource calcs you arrive at.

Could you clarify — do you mean who produces the most helium-3 (³He) right now (in terms of countries or organizations), or in a broader sense (like natural sources in the universe)?

Here are both angles:

🌍 On Earth (human production/supply):

Russia is currently the main commercial supplier of helium-3. Most comes as a by-product of tritium decay, since tritium (³H) is produced for nuclear weapons and reactors.

The United States used to have a larger stockpile (from nuclear weapons programs), but after 2009 it has been tightly rationed.

Canada and some other countries with heavy water reactors also produce small amounts indirectly.

Worldwide production is very limited — only a few kilograms per year — which makes it extremely expensive (tens of thousands of USD per liter).

🌌 In the universe (natural sources):

The Sun produces the most helium-3 by far, as part of the proton-proton chain fusion.

Gas giant planets (like Jupiter and Saturn) contain huge natural reserves in their atmospheres.

The Moon’s regolith contains helium-3 implanted by the solar wind. Estimates suggest millions of tons are spread across the lunar surface, which is why lunar mining is often discussed for future fusion fuel.

👉 Do you want me to focus on current human production (which country/organization makes the most), or on cosmic/natural production?

I couldn’t find reliable, up‐to‐date public data showing exactly how much helium-3 each organisation produces annually. The reason is that helium-3 is extremely rare, mainly comes as a byproduct (e.g. from tritium decay), and production is small-scale and often classified or not broken out in public statistics.

However, I found some relevant information, and an estimate from a credible source:

---

🔍 What is known

According to Magna Petra CEO Jeffrey Max, currently only the US, Russia, and China have steady supplies of helium-3 harvested from tritium decay.

In the US, it is produced by the Department of Energy at the Savannah River site. The figure given is about 20 kilograms per year.

---

If you like, I can try to dig into more specialised nuclear / defence sources to see if any of them disclose specific amounts for Russia or China. Do you want me to try for that?

Good — I dug through public sources and market reports. Short answer first, then the detail and the uncertainties.

Quick summary (best public estimates)

U.S. — Department of Energy / Savannah River Site (SRS, via the NIDC): ~8,000–10,000 liters of ³He per year (≈1.07–1.34 kg/yr). SRS is the documented producer and processor of He-3 recovered from tritium decay in the U.S. stockpile.

Russia — military/tritium-derived supply (state programs): Estimates up to ~20,000 L/yr (≈2.68 kg/yr) have been cited in the te

Not sure of the pros and cons re. tsx/lse AIM listing, illiquid on both, including the US OTC (PSRHF) so good and bad news will move the price quickly assuming there is volume demand /surplus.

Problem if you need out quickly, even bigger problem if we are all trying to exit quickly!.. fingers crossed that won't be an issue though.

There is often a disparity in pricing between the market listings and having a stake in both can allow arbitrage situations. When it launched on the AIM it was trading at a near 35% discount for a few weeks (so I naturally sold all my tsx and bought up the AIM - p.s. thank you mr. Market!)

Aim listing is relatively new and there is next to no market visibility for this company, but that is changing and the HE3 cherry has sped that process up a fair bit by the looks of it.

Company doesnt give out all the technical info they could which is frustrating (e.g. arial maps and proposed placements of the upcoming drilling campaign etc.) Its also not very good with its PR machine. They tend to talk up helium in general, rather than digging into the detail of what the company itself is doing with slide shows which builds the 'technical story' which is what I personally look for. Saying that the CEO is competent and is good in front of the camera.

Delays have happened and communication was thin on the ground until a solution could/was communicated alongside the issues, which is technically fine but doesnt build investor confidence.

However there are some massive positives.. resource quality (jetstream among the best grade HE4 finds globally with an added kicker that its dry and mixed with a Co2 that also has a not insignificant commercial benefit), location, skillset and experience of the board, low number of shares in issue, selection of gold standard gas extraction partner to FEED the project (chart industries) a large institutional investor offering a chunk of development debt finance, and the fact the company is very tightly held by insiders 30%ish (who are on record as saying they want to take on debt over dilution moving forward to production), are fully funded to final investment decision (inclusive of 6 month drilling capaign to delinate the discovery, commercialisation FEED study, and get an updated independent resource report) whilst also havung tied up a massive land acquisition on the cheap recently.

Oh, and now they also have some of my favorite hard to find isotopes - HE3!

Then we have a second project up in Greenland which by all accounts looks like it will bubble away in the background until we are making good money in minnesota !!

Everything else can be found in the RNS's 😂

Anyway. Good luck to you (and us all) with your investment.

BB3

Rpoodle, not sure where im going wrong as I keep getting sub 1kg of he3 from 1 billion he resource.

As follows.

Okay, let’s carefully work this out step by step.

---

1. Known information

You have 1 billion cubic feet (1×10⁹ ft³) of helium.

This helium comes from 8% of the raw gas stream.

So helium fraction of raw gas = 0.08 (8%).

Helium-3 concentration in raw gas = 14.5 parts per billion (ppb) = .

---

2. Find total raw gas volume

If helium is 8% of raw gas:

V_{\text{raw}} = \frac{V_{\text{He}}}{0.08}

V_{\text{raw}} = \frac{1.0 \times 10^9}{0.08} = 12.5 \times 10^9 \,\text{ft}^3

So the total raw gas = 12.5 billion cubic feet.

---

3. Helium-3 from raw gas

Concentration of He-3 in raw gas = 14.5 ppb = .

So volume of He-3:

V_{\text{He-3}} = V_{\text{raw}} \times (14.5 \times 10^{-9})

V_{\text{He-3}} = 12.5 \times 10^9 \times 14.5 \times 10^{-9}

Multiply step by step:

Exponents: .

V_{\text{He-3}} = 181.25 \,\text{ft}^3

---

✅ Final Answer:

From 1 billion cubic feet of helium (from 8% of raw gas), you’d have about:

\boxed{181 \text{ cubic feet of helium-3}}

---

Do you want me to also convert that into mass of helium-3 (in grams or kilograms), since that’s usually more useful than cubic feet?

Great — let’s convert that 181 cubic feet of helium-3 into mass.

---

1. Convert cubic feet to liters

We need to express gas volume in standard units.

.

181 \,\text{ft}^3 \times 28.3168 \,\frac{L}{\text{ft}^3} \approx 5,123 \,L

So we have about 5,123 liters of He-3 at STP.

---

2. Moles of helium-3

At STP (1 atm, 0 °C), 1 mole of any ideal gas ≈ 22.414 L.

n = \frac{V}{22.414} = \frac{5123}{22.414} \approx 228.6 \,\text{moles}

So ~229 moles of He-3.

---

3. Mass of helium-3

Molar mass of He-3 = 3.016 g/mol.

m = 228.6 \times 3.016 \approx 689.8 \,\text{g}

m \approx 0.69 \,\text{kg}

---

✅ Final Result

From 1 billion cubic feet of helium (from 8% raw gas, with 14.5 ppb He-3), you would obtain about:

\boxed{181 \,\text{ft}^3 \;\;\; \approx \;\; 0.69 \,\text{kg of helium-3}}

---

Would you like me to also express this in terms of energy content (e.g. how much fusion power that much He-3 could generate)?

BB3

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