Pulsar Helium (OTCQB:PSRHF) signed a non-binding term sheet to acquire up to 100% of Quantum Hydrogen in an all-share transaction.
Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota (59,100 gross acres) that are located in St. Louis and Itasca Counties, to the west of Pulsar’s flagship Topaz project.
The mineral rights are situated within a non-hydrocarbon-bearing sedimentary basin that overlies Archaean crystalline basement, the same helium source rock type as at the Topaz project.