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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 zack50on Aug 22, 2022 12:01pm
195 Views
Post# 34911555

Royal Helium samples 84.9 Mg/L lithium in brine at Climax...

Royal Helium samples 84.9 Mg/L lithium in brine at Climax...

11:50 AM EDT, 08/22/2022 (MT Newswires) -- Royal Helium Ltd. (RHC.V) has sampled up to 84.9Mg/L lithium in brine underlying the Climax helium project. The company has informed the Province of Saskatchewan that it intends to acquire the lithium mineral rights, with the aim of advancing a lithium brine project alongside the ongoing helium development operations.

Andrew Davidson, President and CEO of Royal said: "In the Climax-1 well, drilled in January 2021, one of the zones that we tested showed significant inflows of brine water and gas. Samples of both were taken and sent to lab for assay, returning elevated levels of helium and significant concentrations of lithium in brine. With recorded lithium grades of 84.9 mg/litre, combined with flow rates in the range of 1.85 MMCF per day equivalent, Climax is set to not only become a cash generative helium play, but also now presents potential additional value to stakeholders with a lithium exploration and development project."

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