[guided]Let $G_m(B(0,R))$ denote the Grassmann bundle of unoriented $m$-planes over $B(0,R)$. We associate to $\Sigma$ the [integral varifold](/page/Integral%20Varifold) $V$ in $B(0,R)$ defined by
\begin{align*}
V(\varphi)=\int_\Sigma \varphi(x,T_x\Sigma)\,d\mathcal H^m(x)
\end{align*}
for every $\varphi\in C_c(G_m(B(0,R)))$, and we write $\|V\|$ for its weight measure. Since a single point has zero $\mathcal H^m$ measure and $\mathcal H^m(\Sigma\cap B(0,R))<\infty$, the varifold has finite mass on $B(0,R)$ even after $0$ is added to the support.
The only possible obstruction to stationarity is a hidden boundary term at the deleted point. For a compactly supported $C^1$ vector field $Y:B(0,R)\to\mathbb R^{m+1}$, the [first variation](/page/First%20Variation) is the functional
\begin{align*}
\delta V(Y)=\int_\Sigma \operatorname{div}_\Sigma Y\,d\mathcal H^m(x),
\end{align*}
where $\operatorname{div}_\Sigma Y(x)$ is the trace of the derivative of $Y$ along the tangent plane $T_x\Sigma$. Stationarity means that this quantity is zero for every such $Y$. To rule out a defect at $0$, we test stationarity with vector fields that vanish near $0$ and then let the vanishing region shrink. Let $X:B(0,R)\to\mathbb R^{m+1}$ be a compactly supported $C^1$ vector field. For $0<\varepsilon<1$, define a logarithmic radial cutoff
\begin{align*}
\zeta_\varepsilon:(0,\infty)\to[0,1]
\end{align*}
so that $\zeta_\varepsilon(t)=0$ for $0<t\leq\varepsilon$, $\zeta_\varepsilon(t)=1$ for $t\geq\sqrt\varepsilon$, and
\begin{align*}
|\zeta_\varepsilon'(t)|\leq \frac{2}{t|\log\varepsilon|}.
\end{align*}
Define $X_\varepsilon:B(0,R)\setminus\{0\}\to\mathbb R^{m+1}$ by
\begin{align*}
X_\varepsilon(x)=\zeta_\varepsilon(|x|)X(x).
\end{align*}
For each $x\in\Sigma$, let $\operatorname{proj}_{T_x\Sigma}:\mathbb R^{m+1}\to T_x\Sigma$ denote the Euclidean orthogonal projection onto the tangent plane $T_x\Sigma$. This vector field is compactly supported away from $0$, so the minimality of $\Sigma$ in the punctured ball applies without any singular term:
\begin{align*}
0=\delta V(X_\varepsilon)=\int_\Sigma \operatorname{div}_\Sigma X_\varepsilon\,d\mathcal H^m(x).
\end{align*}
Expanding the tangential divergence separates the desired term from the cutoff error:
\begin{align*}
\operatorname{div}_\Sigma X_\varepsilon(x)
=\zeta_\varepsilon(|x|)\operatorname{div}_\Sigma X(x)
+\zeta_\varepsilon'(|x|)\left\langle \operatorname{proj}_{T_x\Sigma}\frac{x}{|x|},X(x)\right\rangle.
\end{align*}
The first term converges to $\operatorname{div}_\Sigma X$ in $L^1(\Sigma,\mathcal H^m)$: indeed $|\operatorname{div}_\Sigma X|\leq m\|DX\|_\infty$, and the finite-area hypothesis gives finite $\mathcal H^m$ measure on the support of $X$.
It remains to show that the cutoff error vanishes. The density assumption $\Theta(\Sigma,0)=1$ gives local Euclidean area growth: for some $r_0>0$ and $C_0>0$,
\begin{align*}
\mathcal H^m(\Sigma\cap B(0,r))\leq C_0r^m
\end{align*}
whenever $0<r<r_0$. Since the derivative of the cutoff is supported in $B(0,\sqrt\varepsilon)\setminus B(0,\varepsilon)$, we estimate that annulus explicitly. Let $N_\varepsilon$ be the largest integer with $2^{N_\varepsilon}\varepsilon\leq \sqrt\varepsilon$, and set
\begin{align*}
A_k=\Sigma\cap\bigl(B(0,2^{k+1}\varepsilon)\setminus B(0,2^k\varepsilon)\bigr)
\end{align*}
for $0\leq k\leq N_\varepsilon$. On $A_k$ we have $|x|\geq 2^k\varepsilon$, while the area-growth bound gives $\mathcal H^m(\Sigma\cap B(0,2^{k+1}\varepsilon))\leq C_0(2^{k+1}\varepsilon)^m$ for sufficiently small $\varepsilon$. Hence
\begin{align*}
\int_{A_k}\frac{1}{|x|}\,d\mathcal H^m(x)
&\leq C_0 2^m(2^k\varepsilon)^{m-1}.
\end{align*}
Summing over $k$ gives
\begin{align*}
\int_{\Sigma\cap (B(0,\sqrt\varepsilon)\setminus B(0,\varepsilon))}\frac{1}{|x|}\,d\mathcal H^m(x)\leq C_0 2^m\sum_{k=0}^{N_\varepsilon}(2^k\varepsilon)^{m-1}.
\end{align*}
Since $m\geq2$, the finite geometric sum is bounded by the terminal scale with factor $(1-2^{1-m})^{-1}$, and therefore
\begin{align*}
\int_{\Sigma\cap (B(0,\sqrt\varepsilon)\setminus B(0,\varepsilon))}\frac{1}{|x|}\,d\mathcal H^m(x)\leq \frac{C_0 2^m}{1-2^{1-m}}\varepsilon^{(m-1)/2}.
\end{align*}
Thus the displayed estimate holds with $C_1=C_0 2^m/(1-2^{1-m})$.
Because $m\geq2$, the right-hand side tends to $0$ faster than the logarithmic denominator can obstruct. Thus
\begin{align*}
\left|\int_\Sigma \zeta_\varepsilon'(|x|)\left\langle \operatorname{proj}_{T_x\Sigma}\frac{x}{|x|},X(x)\right\rangle d\mathcal H^m(x)\right|
\leq \frac{2\|X\|_\infty C_1}{|\log\varepsilon|}\varepsilon^{(m-1)/2}\to0.
\end{align*}
Passing to the limit in $\delta V(X_\varepsilon)=0$ gives
\begin{align*}
\delta V(X)=\int_\Sigma \operatorname{div}_\Sigma X\,d\mathcal H^m(x)=0.
\end{align*}
Thus the closed varifold has no first-variation defect at the isolated point.[/guided]