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Royal Helium Ltd. V.RHC.WT.A


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

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

Comment by Margin321on Dec 21, 2023 9:06am
221 Views
Post# 35795415

RE:RE:RE:They did it

RE:RE:RE:They did itTrue enough bridge, but they are at least a helium producer with some revenues. And they have enought money to test Val Marie and Ogema and they should do that quickly. Then they can make a plan for the next 12-18 months.  Andrew said they hope to have 2 more production facilities on line in that time and it will take a major change in pace and urgency.  Andrew said they are already talking to potential end users about off take agreements. Maybe they will contract with Arjae to build  two similar but less complicated and less expensive facilities. Or maybe they will switch to a different purification facility like  those used by NA Helium. But they really have to define and design  the next two projects quickly and get some serious project management going.

At the very least I hope they never again issue new shares to pay consultants or quarterly interest on their  loans. That has been embarrassing.
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