Four Helium Shortages Since 2006 Having faced four shortages since 2006, the price of helium has nearly doubled since 2020, reaching a historic high of $14 per cubic meter. Despite being a critical resource in various technologies, supply is limited with fewer than 15 companies worldwide involved in its production.
As the first Canadian public company to produce and sell helium (directly to a large end user at a contracted fixed price) from its innovative helium plant that has the smallest carbon footprint among its peers worldwide, Royal Helium (RHC.v RHCCF) has made a name for itself in the industry amid actively advancing over 1M acres of prospective helium lands in Alberta and Saskatchewan
With plans to significantly enhance its existing fields and initiate new projects, RHC's key activities in 2024 include 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.
Further bolstering it's offerings, RHC has a $25M joint venture with Sparrow Hawk to develop the Val Marie project. If ratified, this 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
Posted on Behalf of Royal Helium Ltd.