Anticipating production updates from RHC.v With agreements being signed with a major space exploration company for the supply of helium, I expect that Royal Helium (TSXV: RHC) should be providing production updates on its helium projects soon.
Royal recently announced that it has entered into an agreement to begin the delivery of helium to an undisclosed space exploration company in 2023 (signs point towards SpaceX). At the time of the announcement, Royal also stated that the engineering of its initial processing facility is largely complete and that supply and construction contracts are currently being awarded.
The Company will be constructing two initial facilities, the first at Steveville, Alberta and the second at Climax, Saskatchewan. The combined throughput capacity of the plants will be 20,000 mcf/day (20 million cubic feet per day gas input).
Once Royal reaches the production phase and starts reporting metrics, SP is all but guaranteed to enter a steep ascent. Shares have been floating around a mean price of $.38, offering a great entry point.
RHC.v is currently trading at $.37, valued at $76.45 million.
https://ceo.ca/@newswire/royal-helium-signs-new-supply-agreement-with-major