$RHC.v Improving Looks like Q1 2022 was fairly positive for Royal Helium (TSXV: RHC). Net loss was down significantly from the year prior, almost 90% to be exact.
$RHC recently reported a net loss of $.26M compared to $2.4m the year prior. This bodes well for the company as it heads into its next phase of growth. $RHC.v is currently working towards bringing the Climax Helium Project online and more recently acquired Imperial Helium, which will make the company one of the largest helium producers on any Canadian exchange.
Really interested to see what is ahead for the company this summer following the acquisition. I expect to see updates on Climax soon as well, as the drill data was sent away for modeling months ago.
$RHC.v is currently trading at $.31 and valued at $44.25m.
https://www.marketscreener.com/quote/stock/ROYAL-HELIUM-LTD-103712506/news/Royal-Helium-Ltd-Reports-Earnings-Results-for-the-First-Quarter-Ended-March-31-2022-40434019/