Drillers stumble upon 'dream' discovery that could be a game-changer for U.S.
(FOX BUSINESS) -- A potential helium reservoir was discovered in Minnesota last week, when drillers bored deep beneath the forest floor of the state’s Iron Range as supplies of the noble gas dwindle in the U.S.
Pulsar Helium Inc., a Canadian-based company, announced in a news release on Thursday that its team encountered gases with concentrations of up to 12.4% helium when its drilling rig reached a total depth of 2,200 at the Topaz Project drill site. Helium concentrations above 0.3% are considered economically viable.
Thomas Abraham-James, Pulsar’s president and CEO, said he is "delighted" about the "outstanding result."
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