Royal Helium (Ticker: RHC.v / RHCCF) is establishing itself as a leader in North America's helium sector with a commitment to innovative, eco-friendly extraction methods and significant projects in Saskatchewan and Alberta.
Helium is indispensable for numerous advanced technologies such as medical imaging, electronics, and space exploration. Royal Helium is at the forefront of this essential industry, uniquely positioned as the first publicly traded helium producer in Canada.
The company’s operations are concentrated in southern Saskatchewan and southeastern Alberta. The Steveville Project in Alberta marks a pivotal moment, being the first Canadian-owned venture to initiate commercial helium production.
The Steveville Project, wholly owned through Royal Helium’s subsidiary, Imperial Helium Ltd., boasts a cutting-edge purification facility. This facility, which began operations in November 2023 and shipped its first load in December 2023, achieves 99.999% purity for helium while maintaining a minimal carbon footprint. Notably, this facility processes:
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15 million cubic feet of raw gas daily
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Annual helium production of 22,000 MCF
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20 million cubic feet of food-grade CO2 per year
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8 barrels of condensate per day
Royal Helium’s approach to extraction is environmentally progressive. Unlike conventional helium production that relies on natural gas byproducts, Royal Helium’s operations involve reservoirs associated mainly with nitrogen. This method reduces their carbon footprint by up to 90%, aligning with global environmental sustainability efforts.
In addition to the Steveville Project, Royal Helium holds a substantial portfolio of helium rights across Saskatchewan, covering over 354,000 hectares. The company has drilled seven wells across three project areas, each showing commercially viable helium concentrations.
Royal Helium’s efforts support Saskatchewan’s "Helium Action Plan," which aims for the province to provide 10% of the global helium supply by 2030. With its innovative techniques, extensive resource base, and strategic partnerships, Royal Helium is well-positioned to be a key player in the global helium market while fostering economic growth and environmental sustainability.
Company deck: https://royalheliumltd.com/presentation/
Posted on behalf of Royal Helium Ltd.