Royal Helium Ltd. V.RHC

Royal Helium Strengthens Position with Acquisition

[StockHawk1]

Last week Royal Helium (RHC.v RHCCF) acquired a new project near its Steveville Helium asset in southern Alberta. 

The newly acquired land has shown potential for high-flow-rate helium enriched gas in the Cambrian and Devonian horizons. 

Royal plans to conduct an initial drill program in the fall/winter season of 2023. 

The purchase price for the asset is $400,000, which includes a combination of cash and common shares in Royal Helium Ltd. No finders fees are payable, and the transaction does not involve non-arm's length parties.

Learn more here: https://royalheliumltd.com/news/royal-helium-acquires-additional-helium-prospect-lands-in-alberta/

 

[waves1]

Very interesting news - looking forward to seeing what comes from this acquisition as the land "holds significant potential for high flow rate helium enriched gas in the Cambrian and Devonian horizons in at least two structures identified in the acquired and reprocessed 2D seismic."

[Margin321]

Can they run the gas from this new areas through the Steveille processing plant.? How close is it?  And the question of the hour, will the Steveille plant operate as designed so they can run Steveille gas through it and extract high prity heium for sale? That is first priority. GLTA.