Pulsar Helium has entered the Michigan market after buying exploration firm Hybrid Hydrogen for $80,000.
Hybrid’s primary asset is an exclusive mineral rights option to lease around 5,742 gross acres in Michigan’s Upper Peninsula, targeting non-hydrocarbon gases – primarily helium.
Pulsar Helium said the acquisition fits with its strategy of leveraging expertise from its Topaz project “into geologically similar regions.”
Thomas Abraham-Jones, President and CEO, said the deal enabled it to strengthen its helium exploration portfolio “for a modest price”.
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