RHC.v signs offtake agreement with NA space company. Royal Helium (TSXV: RHC) made an interesting announcement this week. With the engineering of its initial helium processing facilities complete, RHC has entered into a long-term agreement with a major North American space launch company for the supply of helium. Initial deliveries under the supply agreement will commence in 2023.
RHC will be constructing two initial facilities at its Steveville and Climax projects in Alberta and Saskatchewan. The combined throughput capacity of these plants will be 20,000 mcf/day (20 million cubic feet per day gas input).
I expect that since RHC is now securing offtake agreements, we will soon see further updates regarding helium extraction and production soon.
RHC.v is currently trading at $.415, valued at $85.74 million.
https://ceo.ca/@newswire/royal-helium-signs-new-supply-agreement-with-major