The Two Harbors City Council in Minnesota approved a Purchase and Development Agreement with Pulsar Helium MN, Inc. for the acquisition of land at a nominal price of US$1.00 to develop a Rare Gas Hub focused on helium liquefaction and carbon capture. The project aims to strengthen the U.S. rare gas supply chain and includes city support such as infrastructure contributions and tax abatements. The deal is subject to due diligence, financing, regulatory approvals, and final surveys before closing. Pulsar plans to achieve commercial operation of the initial phase within 36 months after formal commitment, with potential for future expansion.
The Two Harbors City Council's approval of a land purchase and development agreement for Pulsar's Rare Gas Hub provides context for the Basic Materials sector. For readers following this sector, here is Pluang's market snapshot as of Oct 15, 2026 11:21 WIB: out of 83 priced US stocks, 19 rose and 64 fell. Notable movers include USAR at USD 10.16 with a 1-day change of -9.81%, ALM at USD 10.02 down 8.74%, and CDE at USD 15.04 down 7.50%.
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