Royal Helium Ltd V.RHC

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

Royal Helium Ltd. is a Canada-based company, which is focused on the exploration, production, and infrastructure with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Its helium reservoirs are carried primarily with nitrogen. Its helium lease/permit land is comprised of 10 main blocks spanning southwestern to southeastern Saskatchewan. Its exploration drilling at the Climax block in the southwest resulted in the discovery of the Climax Nazare zone. Its drilling in the southeastern side of the province has been initiated on the Ogema block. The Company’s properties are all in close vicinity to highways, roads, cities and oil & gas infrastructure. Its subsidiaries include Royal Helium Exploration Limited (RHEL) and Imperial Helium Corp (IHC).

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Royal Helium Ltd > Latest advisory board addition helps drive production

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Comment by Margin321on May 23, 2023 10:24am

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Post# 35460127

RE:RE:RE:Latest advisory board addition helps drive production

Off take agreements don't matter until there is something to take off.

The banks undoubtedly have some covenants. They are drawing down that loan. No way can they borrow money to carry the cost of the loan. And they likely cannot dilute the value of the company as that backstops the loan. No way to go but produce and sell helium. It could get very dire if they cannot do that fairly soon.

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