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Royal Helium is a production, infrastructure, and exploration company with a primary focus on the development of helium and associated gases. The Company is currently producing purified helium at its Steveville Helium facility in Alberta and it's extensive footprint includes prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Given the current and foreseeable global undersupplied nature of this critical and non-renewable product, Royal is well positioned to be a leading North American producer of this increasingly high value commodity.
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Shares of Schlumberger had even bigger gains, rising 6%. The company is best known as an oilfield services company, but it announced today a partnership with global water-solutions provider Gradiant that will help Schlumberger's NeoLith Energy business.
Under the partnership, Schlumberger will gain access to Gradiant technology that will allow companies that are seeking to extract lithium from brine to generate fresh water as a byproduct of the production process. Gradiant should allow companies to get more concentrated amounts of lithium from their production in a more sustainable manner, avoiding some of the environmental impacts that lithium-generating processes have had in the past.
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Spiro Kletas, VP Investor Relations 306-500-9397 spiro@royalheliumltd.com