Competition3 Apr 2024 13:41
Resource exploration company Pulsar Helium, Inc. announced the discovery of helium stores in late February, after a drill just outside of Babbitt, in northern Minnesota, located gas deposits at depths of 2,200 feet (670 meters). Initial measurements showed helium concentrations of 12.4% — which "is just a dream," Thomas Abraham-James, the president and CEO of Pulsar Helium, told CBS News at the time. But new laboratory readings have surpassed those results.
The new tests reveal helium concentrations up to 13.8%, which are the highest the industry has ever seen, according to a statement. "That's just a mind-bogglingly large number, because really anything that's 0.3% or 0.5% helium or greater is of interest," Abraham-James told Live Science