RHC Ramps Up Production, Sells 12th and 13th Helium Trailers In light of the current and foreseeable global shortage of helium, a critical and non-renewable resource, Royal Helium Ltd. (RHC.v, OTCQB: RHCCF) is strategically positioned to become a leading North American producer of this high-value commodity.
RHC is an exploration, production, and infrastructure company focused on the development and production of helium and associated gases. The company holds over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta.
RHC's reservoirs are primarily nitrogen-based. Unlike other jurisdictions that rely on large-scale natural gas production for helium extraction, which significantly contributes to greenhouse gas emissions, RHC's extraction process boasts a low greenhouse gas footprint.
Last week, RHC announced the completion of its 12th and 13th helium trailer sales from its Steveville helium purification facility, situated near Brooks, Alberta. This significant milestone marks a critical step in the ramp-up of production towards the facility's nameplate capacity of 15 million cubic feet of raw gas per day.
Andrew Davidson, CEO of Royal Helium, expressed his satisfaction with the progress at the Steveville plant:
“We are pleased to have the Steveville helium purification plant running at a stable production rate and seeing the entire team getting the plant to its final stages of ramping up to capacity with world-class oversight by PTT. The plant is designed to be fully automated and self-powered such that once at steady state, the operation can quickly turn toward positive cash flow with very low operating expense.”
The Steveville helium purification facility's automation and self-powering capabilities signify a transformative step towards achieving a sustainable and profitable operation with minimal operating expenses.
As the plant approaches its full production capacity, Royal Helium is set to enhance its cash flow positively, contributing to its growth and stability in the helium market.
Royal Helium Ltd. continues to advance its mission to address the helium supply deficit, leveraging its extensive land holdings and innovative production methods to secure a pivotal role in the helium industry's future.
https://royalheliumltd.com/2024/06/royal-helium-continuing-helium-sales/
Posted on behalf of Royal Helium Ltd.