RHC: Licensing and Permitting Started for 40-Mile Project Royal Helium Ltd. (Ticker: RHC.v or RHCCF for US investors) stands as a leading figure in Canadian helium exploration and production, overseeing over a million acres of prospective helium-rich lands in Western Canada.
Their Steveville project in Southeastern Alberta is notably producing helium with a purity of 99.999%.
The company also manages several near-term initiatives and follows a strategic development timeline aiming for consistent growth and expansion, with plans to drill 39 wells by 2030.
At the 40 Mile Project, Royal Helium has pinpointed several drill targets across Devonian and Cambrian formations and intends to explore the Precambrian crystalline basement.
Recently, the company initiated the licensing and permitting process for a helium exploratory well at 40 Mile.
Historical flow and composition assessments at the 7,000-acre 40 Mile Project have demonstrated superior flow rates and grades, significantly exceeding those at Steveville.
Previous findings from the site's former owner indicate that the 40 Mile Project is comparable to some of the largest Cambrian helium discoveries in Alberta, Saskatchewan, and Montana.
Royal Helium plans to re-evaluate the site and is optimistic about its production potential.
Full Press Release: https://royalheliumltd.com/2024/05/royal-helium-licensing-high-impact-helium-well-at-forty-mile-southern-alberta/
Posted on behalf of Royal Helium Ltd.