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Royal Helium Ltd. V.RHC

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

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

Post by SkywalkerofLukeon Nov 29, 2022 2:49pm
231 Views
Post# 35137469

Article on Global Helium Shortage

Article on Global Helium Shortage

Here’s an article on the growing global helium shortage. Points out how due to the Russia-Ukraine situation the new helium facility in Russia which was supposed to supply of the world's helium is halted and how we need helium more than ever for essential things like MRIs.


I’m watching RHC.v RHCCF who will be in production next year. Last month they awarded a construction contract for the Steveville 14-12 Helium Recovery Plant where operating throughput will be in the range of 10-15 million cubic feet/day producing a purity level of 99.999% helium.


As well, they announced last week they executed a term sheet with an arm's length lender to provide a $20M three-year credit facility. Upon closing an initial draw on the facility of $10M will be advanced to RHC.


https://www.nbcnews.com/health/health-news/helium-shortage-doctors-are-worried-running-element-threaten-mris-rcna52978

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