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Royal Helium Ltd. V.RHC

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

Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Comment by Margin321on Dec 15, 2022 9:58pm
161 Views
Post# 35174920

RE:RHC Update

RE:RHC UpdateGood news as of October 12. 

Site preparation works have been initiated and procurement of long lead items has started.

What is the site preparation that is required. How is it coming? They are running the plant on natural gas they will extract from the output of the well and purify along with helium and food grade CO2. 

Will the have their own gas powered generator. They will need to have a gas storage facility. They have to compress the gas to store it and use it for power plant. So we have used up 2/4 months of site preparation since the October 12 start date for all that work. How is it going. The are two months into designing and building the purifier. Surely 3 months into a 4 month process they have procured all the long lead time items. How is it going.

I am assuming the have project managent schedules on the on site preparation and at the fabricating shop. Are they on track. They have to know after two months of work. 

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