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Royal Helium Ltd. V.RHC

Alternate Symbol(s):  V.RHC.W.A | V.RHC.W.B | RHCCF

Royal Helium Ltd. is a Canada-based company, which is focused on the exploration, production, and infrastructure with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Its helium reservoirs are carried primarily with nitrogen. Its helium lease/permit land is comprised of 10 main blocks spanning southwestern to southeastern Saskatchewan. Its exploration drilling at the Climax block in the southwest resulted in the discovery of the Climax Nazare zone. Its drilling in the southeastern side of the province has been initiated on the Ogema block. The Company’s properties are all in close vicinity to highways, roads, cities and oil & gas infrastructure. Its subsidiaries include Royal Helium Exploration Limited (RHEL) and Imperial Helium Corp (IHC).


TSXV:RHC - Post by User

Comment by mydogchachon Mar 10, 2021 10:27pm
117 Views
Post# 32769648

RE:I'd be curious to know..

RE:I'd be curious to know.. https://financialpost.com/commodities/energy/beyond-balloons-saskatchewan-emerges-as-a-helium-hub-as-drilling-ramps-up


Can't get my link to work - the above article is dated March 3 and is a good all round read.

Here's some excerpts:


"The North American helium market has been upended in recent years after a 2013 law required the U.S. government to sell off its strategic helium reserve, which it has been maintaining in Amarillo, Tx. since the 1920s. The U.S. government is set to sell its last remaining helium stores by Sept. 2021 and the drain on that supply has turned the country into a net importer of the inert gas, which doesn’t combust and is used in MRI machines, to cool super conductors and as a purge gas for rocket ships."

"Not far from Royal Helium’s three wells, Calgary-based North American Helium Inc. plans to drill 15 wells targeting helium deposits in the southwest corner of Saskatchewan this year after the privately held company produced its first helium from the area in July 2020.
Last year, North American Helium raised $39 million for the construction of its second helium purification plant in the area, designed with the ability to process 160 thousand cubic feet per day of purified helium, which would make it the largest facility of its kind in Canada.
Similarly, Richmond, Va.-based Weil Group is currently producing small volumes of helium in both Alberta and Saskatchewan and operates a helium purification plant in southern Saskatchewan, where it reactivated old wells drilled in the 1960s and repurposed the wells to produce helium. The company, which bills itself as the first commercial-scale producer of helium in Saskatchewan, did not respond to a request for comment."






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