Pulsar Helium signs US$85.5 million Baker Hughes equipment deal for Minnesota Rare Gas Hub
Bitget2026/10/01 06:02- Pulsar Helium signed a firm equipment-supply proposal with Chart Energy & Chemicals for its planned Rare Gas Hub in Minnesota.
- Total equipment package priced at US$85.5 million, covering helium purification and liquefaction plus a CO2 capture plant.
- Upfront US$5,025,000 due on signing, subject to TSXV approval; scheduled US$8.55 million milestone payment due Jan. 31, 2027.
- Helium plant sized for 861 liters per hour, about 7,500,000 liters annually; CO2 plant sized for 300 tonnes per day.
- Manufacturing expected to run about two years once the second milestone is paid; some helium liquefaction equipment already built.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Selloff Sends Berkshire to Its Biggest S&P 500 Lead Since 2010: Can It Last?
Meridian weighs $400 million investment decision for Cabaçal mine
Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
Scorpio hits gold beyond Nevada resource
Crypto prices
More
