Wait.....there is another project in Greenland.
PULSAR GAINS HIGHLY PROSPECTIVE LICENCE AREA AT THE TUNU PROJECT, GREENLAND
October 17, 2023
Pulsar Helium Inc. (TSXV:PLSR & FRA:Y3K) (“Pulsar” or the “Company”) is pleased to announce that it has received an addendum to its Licence No. 2021-45 (referred to as the Tunu Project in Greenland), confirming enlargement to include a prospective area for both helium and geothermal power generation.
The enlarged Tunu Project area now covers a total of 2,816 km2, an increase of 45km2. This enlarged area covers the Kap Tobin locality where thermal springs were sampled in 2021, returning a helium concentration of 0.8%, associated with 97% nitrogen and 2% argon. The same location has been studied by geothermal industry experts including the Iceland GeoSurvey who have published data stating that cogeneration of power and heat looks achievable due to the 80°C geochemical temperature at depth and access to the locally cold ocean as a heat sink. The Government of Greenland has stated that the usage of geothermal energy falls under the administrative purview of the Mineral Resource Authority if the usage occurs as part of a mineral exploitation activity, such as Pulsar’s activities for helium.
Quote from the President & CEO, Thomas Abraham-James:
“Helium has recently been added to the European Union’s list of critical raw materials, and Pulsar’s Tunu project is one of very few primary helium occurrences in Europe. Tunu was generated in-house and is the first helium licence to be granted in Greenland. The licence enlargement covers a strategic location that contains a proven primary helium system, and potential for geothermal energy.”
About the Tunu helium project:
Pulsar is the first mover exploring for helium in Greenland, having received the only license of its kind that gives exclusive rights for the exploration of helium, hydrogen and all other minerals (excluding hydrocarbons and radioactive elements). Licence No. 2021-45 covers an extremely large exclusive land position of 2,816km2, on the east coast of Greenland that is Europe facing. The Tunu Project was generated in-house by Pulsar technical staff and is one of few locations where primary helium (not associated with the production of hydrocarbons) has been identified, globally. Sampling of thermal springs occurred in 2021, conducted by staff from Pulsar and the Woods Hole Oceanographic Institution, helium concentrations of up to 0.8% associated mostly with nitrogen were identified.
