As the first publicly traded helium producer in Canada, Royal Helium Ltd. (RHC.v or RHCCF for US investors) has brought access to the wealth-generating opportunities offered by helium to the public.
RHC is establishing itself as a prominent figure in Canada's helium exploration, production, and infrastructure sectors, boasting an extensive portfolio covering over 1 million acres of potentially lucrative lands in southern Saskatchewan and southeastern Alberta.
RHC's Steveville project represents a notable milestone in commercial helium production. Since its commencement in 2023, the state-of-the-art Steveville Purification Facility has been operational, adhering strictly to environmental regulations while yielding helium with 99.999% purity.
Furthermore, RHC's strategic development plan outlines continuous progress and expansion across its other ventures such as Climax, Val Marie, Ogema, and 40 Mile. By implementing a total of 39 wells by 2030, RHC aims to solidify its position in the North American helium market while augmenting reserves and exploring new geographical territories.
Recent advancements at the Forty Mile Helium project in southeastern Alberta demonstrate RHC's substantial strides. The initiation of licensing and permitting procedures for the Forty Mile #1 exploratory helium well within the 7,000-acre project area marks a significant step forward.
Focusing on the Devonian and Cambrian horizons, the well is poised to delve into the Precambrian crystalline basement. Upon the completion of licensing and the securing of a drill rig contract, spud data from the well will be disclosed.
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Posted on behalf of Royal Helium Ltd.