Torino Project, Minnesota, USA
The Torino Project represents Pulsar Helium’s expansion across to the prospective Torino Basin in Minnesota, USA, targeting a large-scale primary helium system located approximately 70km west of Topaz.
Pulsar currently holds an 80% interest in the Torino Project via the acquisition of shares in Oscillate plc, with a clear pathway to increase ownership to 100% through a final consideration payment.
The Torino Project covers approximately 59,100 acres under an exclusive exploration option, positioning Pulsar across a highly prospective and underexplored helium locality.
Location
The Torino Project is located in east-central Minnesota within the Torino Basin, a region known for its extensive iron formations and proximity to the Mid-Continent Rift. It is approximately 30 kilometers southwest of Topaz.
Geological Setting & Helium Prospectivity
The Torino Basin is underlain by Paleoproterozoic sedimentary sequences and Archean basement rocks, forming part of the North American Craton.
Key characteristics include:
- Archean basement rocks associated with helium generation environments
- Proximity to the Mid-Continent Rift
- Conventional sedimentary basin setting
- Geological continuity with the Topaz helium-bearing system in Minnesota
The region shares important geological similarities with Pulsar’s Topaz Project, where primary helium has been successfully identified and tested.
District-Scale Land Posit
- Approximately 59,100 acres under exclusive option
- Located across Itasca and St. Louis Counties
- Positioned within a region with existing infrastructure and subsurface data
Option & Lease Terms
- Term: 3-year exclusive exploration option (from January 2024)
- Exclusive rights to evaluate helium potential
- Lease terms to be negotiated upon option exercise
Exploration rights include geological, geophysical, and geochemical evaluation, with commercial production rights contingent on lease execution.
Ownership & Path to 100%
Pulsar has acquired an 80% interest in Oscillate plc through an all-share transaction.
Pulsar has the option (until May 3, 2027), to acquire the remaining 20% of the shares of Quantum from Oscillate in exchange for US$400,000 of Consideration Shares to be issued in 5 instalments of US$80,000 of Consideration Shares.
Exploration Strategy
The Torino Project is being advanced through a phased exploration approach:
1. Regional geological and geophysical analysis
2. Surface geochemical surveys
3. Target definition and prioritisation
4. Shallow drilling and subsurface evaluation
5. Follow-up appraisal drilling
Key Takeaways
Strategic expansion within a proven helium province
Strong geological analogues to Topaz
District-scale land position
Clear pathway to 100% ownership
The Torino Project provides Pulsar with a significant foothold in one of North America’s most prospective helium regions. With a large land position, compelling geological setting, and a structured ownership pathway, the project has the potential to host a primary helium system comparable to Topaz.
