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Royal Helium Ltd. V.RHC

Alternate Symbol(s):  V.RHC.WT.A | V.RHC.WT.B | RHCCF

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

Post by XeniaTechieon Mar 24, 2023 3:50pm
232 Views
Post# 35359390

Steveville is fully funded for impressive output

Steveville is fully funded for impressive outputRoyal Helium secured CAD $15M credit facility with the BDC and CWB for production facilities in Alberta. CWB also provided CAD $2.5M operating loan. Debt facilities expected to close in Feb. Remaining conditions waived for CAD $5.5M from bought deal private placement of convertible debenture units. The Steveville plant is fully funded for Q2 2023 production. https://www.newswire.ca/news-releases/royal-helium-announces-the-steveville-helium-plant-is-fully-funded-with-the-execution-of-binding-commitment-letters-for-17-5-million-in-credit-facilities-and-the-release-from-escrow-of-the-convertible-debentures-833343296.html
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