Increasing the Value Proposition Through Lithium $RHC.V just sampled up to 84.9 mg/L lithium in brine underlying the Climax helium project. This is great news for the company as the lithium market continues to reach near record levels and NA -produced lithium is in high demand, With lithium not being the primary focus of the company (helium is primary of course), this sampling discovery could become a promising exploration program to help RHC diversify outside of the helium industry in the future.
https://ca.finance.yahoo.com/news/royal-helium-samples-84-9-120000670.html
As helium demand continues to rise due to things like semiconductor manufacturing demand and MRI use, $RHC.V recently reached a total depth at the Val Marie helium well of 2,596m. Readings showed significant helium pockets at multiple intervals ranging from 5 to 10 meters. With results now being processed, I’m excited to see what the well holds for us.
Overall, with $RHC.V continuing to progress with their exploration efforts and with over 1M acres of land in Alberta and Saskatchewan, there’s significant potential for the company to become a leader in the $4B+ market.