RHC's Strategic Production Efforts in Saskatchewan & Alberta The video below highlights the critical issue of helium depletion, emphasizing its importance in medical and industrial sectors and explaining how the high demand and limited supply of this non-renewable resource pose significant risks for its future availability.
Royal Helium (Ticker: RHC.v or RHCCF for US investors) is dedicated to helium production and exploration in southern Saskatchewan and southeastern Alberta. The company is poised to become a major North American helium producer, benefiting from low-GHG nitrogen reservoirs that make their extraction process up to 90% less carbon-intensive compared to other regions.
Royal Helium's extensive operations include numerous helium permits and leases across southern Saskatchewan and southeastern Alberta. With the global shortage of this critical resource, RHC is strategically positioned to lead in helium production in North America.
Recently, Royal Helium provided an operational update on its Steveville helium purification facility near Brooks, Alberta. The company has successfully dispatched its 10th and 11th trailers of purified helium, marking a significant milestone in the facility's ramp-up phase.
The Steveville facility is showing strong growth, with a notable increase in throughput and consistent run-time. The reservoir's production zones are performing as expected, with helium concentrations meeting or exceeding initial projections, highlighting the facility's potential and the accuracy of the company's forecasts.
Over the past three weeks at the time of the update, the facility stabilized production at 50% of its nameplate capacity, with occasional peaks reaching up to 75%. This translates to approximately four trailers of purified helium per month, a 100% increase from previous levels. At full capacity, the plant is expected to produce seven to eight trailers of helium per month.
Royal Helium remains committed to operational excellence and sustainable growth, aiming to be a key player in the helium market. The ongoing development at the Steveville facility demonstrates the company’s strategic vision and dedication to maximizing its resources' economic potential.
Full news here: https://royalheliumltd.com/2024/05/royal-helium-provides-update-on-operations-at-steveville-helium-facility/
Posted on behalf of Royal Helium Ltd.