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.