RHC Advancing the Steveville Plant Great to see RHC.v RHCCF progressing their Steveville Helium Plant and getting it closer to production as they took their first drawdown of $5M from its $17.5M debt facility to finance its creation.
Given the lack of substitutes for helium in a number of applications the demand should remain, especially with increasing space exploration and advancements in technology and healthcare applications, demand is expected to sustain the growth it has experienced over the past decade.
The Steveville Plant is now 65% complete with only minor and manageable supply chain delays. Should see deliveries going out pretty soon to the major North American space launch company they signed a long term agreement with last year. + they are continuing exploration in Saskatchewan in pursuit of creating another plant.
https://royalheliumltd.com/news/royal-helium-announces-closing-of-debt-facility-and-first-drawdown-from-canadian-western-bank-and-the-business-development-bank/