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Royal Helium Ltd. V.RHC.WT.B


Primary Symbol: V.RHC Alternate Symbol(s):  V.RHC.WT.A | RHCCF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Royal Helium Ltd. > Dean on Sparrow Hawk JV
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Post by MarketMakersson May 16, 2024 3:49pm
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Post# 36044146

Dean on Sparrow Hawk JV

Dean on Sparrow Hawk JV
"If ratified, this is a big leap for [Royal Helium]. CAD $25M for ~½ of Val Marie (up to 5 wells and 1 purification plant). Their cash investment into 1 of 6 near-term projects exceeds the entire market cap of RHC which includes the already producing/selling of helium from Steveville." - Dean Nawata on RHC's $25M JV partnership with Sparrow Hawk to develop the Val Marie Helium Project: https://twitter.com/nawatatweet/status/1790860233079734419?t=KPtXKcNQ2xEKPTH3vKKekg
 
The deal involves two JVs for resource development through well-drilling and other facilities for construction and is beneficial for both parties as RHC gets quicker project development and Sparrow Hawk gains ownership of both the resource and the facility

Posted on Behalf of Royal Helium Ltd.
 

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