Lots to Look Out For This Year A lot of people forget how essential helium is in our lives as it’s used as a key piece in numerous industries due to its light and non-reactive nature. RHC is aiming to take advantage of the market growth with its assets in Western Canada. More recently, they’ve been working on improving the business and exploration as they move into the late stage of exploration.
- Partnered with Guardyan for a carbon credit strategy for the Steveville Helium Plant to help improve their emissions targets. Further details will be announced as the Steveville plant begins operations.
- Recent $5.5M bought deal private placement will help fund CAPEX at the Steveville project for production.
- Signed a deal with Tumbleweed Midstream to process the helium into liquid, making them more able to sell their helium onto the open market.
https://www.innovationnewsnetwork.com/helium-shortage-4-0-what-caused-it-and-when-will-it-end/29255/
With initial production planned on 4 of their properties this year, we’re finally going to see them transition into a cash-flow-generating business. And with all of these recent developments, they’re getting ready to begin production very soon. With a valuation of $78M, once they begin closing in on production and announcing contracts, we’ll start to see a significant improvement in the SP.