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Royal Helium Ltd. V.RHC

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

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 Margin321on Dec 18, 2023 9:23am
257 Views
Post# 35789534

Key word - finalizing

Key word - finalizingRoyal, while finalizing trailer fill for its first deliveries, is also in discussions for additional offtake commitments for upcoming projects in 2024.

How long can they be finalizing.  No revenue means ongoing cash burn. Just do it. Already.

Makes you wonder if it is this tricky to get the calibration right, how stable will that calibration be.

They do say the plant is operating.  But what does operating even mean if they are not producing anything.

Likely they should pivot to more standard off the shelf purification systems if they are somehow able to get another facility on line, maybe at Val Marie or at Ogema. By the way they were supposed to have tested those wells by end of year.

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