Posted 3/3/2024, 3:50:00 PM
New Helium Reservoir Found in Minnesota Could Help Offset Declining U.S. Supplies
- Potential helium reservoir discovered in Minnesota with concentrations up to 12.4%, considered economically viable
- Find comes as U.S. Federal Helium Reserve System sells off supplies and warnings of supply chain disruptions
- Helium has important uses like MRI machine coolant, semiconductors, and defense industry applications
- Reservoir was accidentally found in 2011 when drilling for platinum and palladium in Minnesota's Iron Range
- New discovery by Canadian company Pulsar Helium could help offset declining U.S. helium supplies