RHC in the green again + recent news Royal Helium (RHC.v RHCCF) had another green day on the TSXV today, closing up 5.6% with high volume (2.7x its average).
Last week, the helium company shared that its Climax project has joined Saskatchewan's Minister of Energy & Resources' Petroleum Innovation Incentive program.
As a part of the program, RHC is eligible to receive up to about $4.2M in Royalty Tax Credits on project costs incurred at the Climax project.
Tax Credits will be applied on an ongoing basis for expenditure costs related to activities like the upcoming horizontal well drilling, construction of processing facilities, and more.
More info here: https://royalheliumltd.com/news/royal-helium-to-receive-first-royalty-credit-from-the-government-of-saskatchewan/
RHC @ $0.375, MC $74.946M