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Royal Helium Ltd. V.RHC

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

Post by MarketMakersson Jun 17, 2024 4:31pm
179 Views
Post# 36092858

RHC Engages Process Through Tech to Lead Production Ramp-up

RHC Engages Process Through Tech to Lead Production Ramp-up

Today, Royal Helium (RHC.v RHCCF) announced that it has engaged Process Through Technology, LLC to lead its production ramp-up effort.

 

The 6-month contract is to drive operations efforts to ramp up, fine tune and stabilize production at the Steveville Helium Purification Plant in southern Alberta.

 

Well recognized for its contributions within the helium industry, PTT is a leading technical and operations consultancy for asset lifecycle optimization, headed by Brent Ziegler who has over 20 years of gas processing and industrial gas experience in technical roles with leading industry companies.

 

RHC's CEO, Andrew Davidson, commented:

"We are pleased to have Brent and PTT officially engaged to oversee the advancement towards this pivotal milestone in the development of the Steveville helium project. His experience and reputation worldwide are second-to-none in the helium industry."

 

Royal Helium's Market Changing Role

On track to become a industrial gas player, RHC's Andrew Davidson, joined CEO.ca to discuss the importance of helium amid RHC's increasing production at the Steveville Facility: https://www.youtube.com/watch?v=HcB1fkRsMBk

 

Recently, Canada has been emerging as a significant supplier due to its well-developed oil and gas industry, with RHC leading the helm 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 Steveville plant.

 

RHC's short-term goals include increasing production at their Steveville facility, making them one of the largest independent helium and industrial gas providers in Canada, with the aim to sell directly to end-use customers, setting RHC apart from competitors.

 

Aiming to grow into a significant industrial gas player in North America by increasing production at their Steveville facility, selling directly to end-use customers, and exploring exporting overseas once they have achieved a certain level of scale, RHC is transitioning from a junior helium company to a significant industrial gas company in North America by capitalizing on the economic benefits of helium and monetizing other gases produced from their projects.

 

Full News Release: https://royalheliumltd.com/2024/06/royal-helium-contracts-progress-through-technology-llc-to-lead-production-ramp-up-effort/

 

Posted on Behalf of Royal Helium Ltd.


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