RHC Boasting a lot of Firsts in the Helium Industry As the first Canadian public company to be producing and selling helium (at a contracted fixed price) to a large end user (no middleman distributor), with runway for the next wells and plants, with the first of its kind helium plant in the world, firsts of its kind plant with the smallest carbon footprint of its peers in the world, Royal Helium (RHC.v RHCCF) is actively advancing over 1M acres of prospective helium lands in Alberta and Saskatchewan.
2024 Plan
In 2024, RHC's has a range of significant development plans including enhancing its existing fields and initiating new projects, with key activities including completing and testing wells in the Val Marie, Ogema and Steveville properties alongside commencing new drilling operations at the 40 Mile Project which has shown promising preliminary results with high-helium concentrations.
$25M Joint Venture
Furthermore, its $25M joint venture with Sparrow Hawk to develop the Val Marie project will provide a big leap as the cash investment into one of RHC's six near-term projects exceeds the entire market cap of RHC (including the already producing/selling of helium from Steveville.
For more information, check out this video with RHC's CEO, Andrew Davidson discussing the company's position to be a leading North American producer of this increasingly high value commodity: https://www.youtube.com/watch?v=AYwFI6lbm2w
Source: https://x.com/nawatatweet/status/1792394587841163551
Posted on Behalf of Royal Helium Ltd.