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Royal Helium Ltd. V.RHC

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

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

Post by Justdosomeddon Jul 18, 2022 1:37pm
176 Views
Post# 34831885

Spuds Val Marie Well

Spuds Val Marie Well
Helium is one of the most valuable elements that we have access to due to the light, non-reactive nature of the element. It's used in various industries, from aerospace and semiconductor manufacturing to MRI and cryogenics. This has caused helium to be in short supply while demand stays high.
 
$RHC.V has recently begun drilling its first well in the Val Marie field in Saskatchewan. The drilling will total 2600m over 2 weeks, followed by a service rig to complete and test the well. Since 2016, this has been a highly sought-after piece of land as the Bowdoin Dome is known to host helium, and the proximity to the Climax project also makes this a highly prospective target field.
 
https://ca.finance.yahoo.com/news/royal-helium-spuds-val-marie-123000150.html
 
This news just confirms that $RHC.V has been pushing hard recently with their promises as they're on track to do a few more exciting things in the near future. For example, the company is on track to acquire $IHC.V in just a few days with court approval, which should increase the total resource estimate and the fundamental value of $RHC.V because $IHC.V has some exciting properties under their belt.
 
With all of the recent developments, I'm starting to get excited due to the $46M valuation here. As the fundamentals behind $RHC.V continue to get stronger and we get closer and closer to the production stage, there's a lot of potential upside to come. Definitely keep a close eye out for future developments.
 
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