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Royal Helium Ltd. V.RHC

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

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Royal Helium Ltd.
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Post by Margin321on Jul 13, 2022 11:20am
176 Views
Post# 34820844

Andrew today

Andrew today
Andrew today:

 
“The addition of Imperial and its Steveville and Steveville East assets to Royal’s significant project portfolio of helium properties in Saskatchewan is highly opportunistic for Royal Helium. With the current spike in the prices for helium, Royal will be putting the two Steveville wells along with Royal’s Climax wells on production as soon as possible. Two separate processing facilities for Saskatchewan and Alberta will be commissioned with delivery and completion anticipated for Q1 of next year,” commented Royal Helium CEO Andrew Davidson.

 
I had been hoping for "have been" commissioned rather than "will be" commissioned. Lead time is long. Have firm orders been placed? What is the financing arrangement on the processing facilities? Is there an off take agreement signed (it was "signature ready and approved by lawyers on both side many weeks ago). I only ask because RHC share price will be stuck in mud until these issues are more clear. And may even drop because of dilution.
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