Royal Helium Ltd. V.RHC

Steveville processing plant construction is fully funded

[XeniaTechie]

I’ve noticed it’s been a bit quiet on the RHC front lately, but this gave me an opportunity to digest more of the recent updates around the company’s financing.. With the provision of a US$20M 3-year credit facility this will mean the processing facility production constructions are fully funded enabling their Steveville plant to begin helium deliveries to their off-take partners by April 2023. This plant will produce 10-15M cubic feet/day with purity levels of 99.999% helium. https://www.paidpromotionalmessages.com/companies/news/999121/royal-helium-inks-us-20m-credit-facility-for-project-financing-999121.html

[Margin321]

I hope they do meet that  timeline and that the processing facility works as planned. The details you mention come from paidpromotionalmeassages.com and not from anyone doing an independent analysis of the project engineering or timelines. They should be doing site preparation now according to their previous comments. The fab shop should be pretty far along in their design work and actually

[ashford]

    Just a minor red flag. Arms length financing ( supposed to be friendly) at 14% plus upfront lol 5% restructuring fee and 9.9% of the company in warrents. But the real kicker is when management says this financing is non dilutive. What school of business or any did they go to. Just my observation and I sold over 300 k at a loss because of that statement but still wish good luck to all