RHC up 21% w/ 4.5x avg vol with today's news Today, Royal Helium (RHC.v RHCCF) announced the continuation of its helium trailer sales with the sale of its 12th and 13th trailers and production ramp up efforts at the Steveville Helium Purification Facility towards nameplate capacity of 15M cubic feet of raw gas per day.
RHC Andrew Davidson, CEO, commented:
"We are pleased to have the Steveville helium purification plant running at a stable production rate and seeing the entire team getting the plant to its final stages of ramping up to capacity with world class oversight by PTT. The plant is designed to be fully automated and self-powered such that once at steady state, the operation can quickly turn toward positive cash flow with very low operating expense."
This comes on the heels of RHC's engagement of Process Through Technology LLC, a leading technical and operations consultancy for asset lifecycle optimization well recognized in the helium industry, to lead its production ramp-up effort.
Royal Helium's Market Changing Role
On track to become a industrial gas player, RHC's Andrew Davidson, joined CEO.ca to discuss the importance of helium amid RHC's increasing production at the Steveville Facility: https://www.youtube.com/watch?v=HcB1fkRsMBk
Recently, Canada has been emerging as a significant supplier due to its well-developed oil and gas industry, with RHC leading the helm as the first Canadian public company to produce and sell helium (directly to a large end user at a contracted fixed price) from its innovative Steveville plant.
RHC's short-term goals include increasing production at their Steveville facility, making them one of the largest independent helium and industrial gas providers in Canada, with the aim to sell directly to end-use customers, setting RHC apart from competitors.
Aiming to grow into a significant industrial gas player in North America by increasing production at their Steveville facility, selling directly to end-use customers, and exploring exporting overseas once they have achieved a certain level of scale, RHC is transitioning from a junior helium company to a significant industrial gas company in North America by capitalizing on the economic benefits of helium and monetizing other gases produced from their projects.
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Posted on Behalf of Royal Helium Ltd.