PLSR is a small cap, newly listed company that has been growing fast, and is now nearly 4x its IPO price from August 2023. The company engages in junior helium exploration that is very early stage still being pre-revenue. PLSR's flagship Topaz project covers an area of 3,132 acres and is located in Minnesota. The recent news was very positive for PLSR with helium contents of up to 13.8% measured (which wis very high), specifically from a sample obtained at 1,801 feet in-hole depth. The helium market does have plenty of potential with PLSR identifying a forecasted total market of $5B in 2025 along with supply declining in the US. PLSR is still very early stage and highly speculative so we would pass on it for now but would watch this one and see how the Topaz project develops. There is very little choice in the sector but this one may be one to watch.
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