04:47:29 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Royal Helium Ltd (2)
Symbol RHC
Shares Issued 243,711,095
Close 2023-06-14 C$ 0.355
Market Cap C$ 86,517,439
Recent Sedar Documents

Royal Helium ships first modules to Steveville facility

2023-06-14 11:21 ET - News Release

Mr. Andrew Davidson reports

ROYAL HELIUM BEGINS TRANSPORTING HELIUM PROCESSING PLANT TO STEVEVILLE SITE

Royal Helium Ltd. has started shipping the initial modules of the Steveville helium processing facility to site. Rangeland Trucking and Cranes of Airdrie, Alta., began shipping the initial two modules to site from Arjae Design Solutions' fabrication facility, approximately 475 kilometres (295 miles) from Steveville, on June 13. The site preparation for the first two modules has been completed, with the balance of site preparation to be completed by end of week. The remainder of the modules will ship over the next several weeks.

Andrew Davidson, president and chief executive officer of Royal, states: "This is an exciting day for all stakeholders who have been involved with Royal over the past few years. This is a significant milestone for the company as we approach first production."

Royal will continue to provide updates as the shipping and installation continues.

Steveville helium processing plant

The Steveville plant is designed to process 15 million cubic feet/day of raw gas fed by the two 100-per-cent-owned helium wells at Steveville, Alta., and produce 22,000 mcf (thousand cubic feet) of 99.999 per cent helium per year. The engineered life of the plant is 25 years, while both wells are expected to remain on stream for a minimum of nine years. The plant will also produce enough fuel gas to power the plant and up to 22 million pounds of commercial CO2 (carbon dioxide), which provides for a potentially significant secondary cash flow stream to Royal.

About Royal Helium Ltd.

Royal is an exploration, production and infrastructure company with a primary focus on the development and production of helium and associated gases. The company controls over one million acres of prospective helium permits and leases across Southern Saskatchewan and southeastern Alberta. Given the current and foreseeable global undersupplied nature of this critical and non-renewable product, Royal is well positioned to be a leading North American producer of this increasingly high-value commodity.

Royal's helium reservoirs are carried primarily with nitrogen. Nitrogen is not considered a greenhouse gas (GHG) and therefore has a low-GHG footprint when compared with other jurisdictions that rely on large-scale natural gas production for helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 90 per cent less carbon intensive than helium extraction processes in other jurisdictions.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.