Material News - Resource Assessment & Evaluation Royal Helium Receives Independent Helium Resources Assessment and Evaluation for Steveville and Nazare
A few key points about this news release:
- London listing on the AIM Exchange continues to move forward as this assessment was a requirement. Listing on the AIM will bring significant new shareholders and build out our shareholder base. From my understanding the only other helium co listed in the UK is Helium 1 (and their chart is dismal – going from almost $30 to a $5 stock. People will be looking to rotate into Royal Helium imo)
- Reiteration of the off-take agreement which will utilize a minimum of 40% of the production from Steveville which is expected to commence deliveries in 2023. Remember this offtake agreement is with a major North American space launch company. This leaves only 3 options Elon Musk’s ‘SpaceX’, Jeff Bezos’ ‘Blue Origon’, or NASA.
- The evaluation confirmed 1.298 BILLION cubic feet of helium at Nazare. Important note is that this resource is constrained to 27sq km and that RHC has only explored 6% of the Climax block. Not only is this monstrous, but there is also huge upside still ahead in exploration and discovery potential.
I would highly recommend shareholders to follow the CEO Andrew Davidson (
https://twitter.com/adavidsonsk) and Director Dean Nawata (
https://twitter.com/nawatatweet) on Twitter. Both provide excellent insight to the news releases and are always available for open & transparent discussion. I haven’t seen another company this available to shareholders in all my years of investing.