Royal Helium Ltd. (Ticker: RHC.v or RHCCF for US investors) is a leading entity in Canadian helium production and exploration, overseeing more than a million acres of potential helium-rich land in Western Canada.
Their Steveville project in Southeastern Alberta produces helium with a purity of 99.999%.
The company also manages several near-term projects, following a development plan aimed at consistent growth and expansion, projecting to operate 39 wells by 2030.
RHC has pinpointed several drilling targets at its 40 Mile Project, covering Devonian and Cambrian layers, with intentions to explore the Precambrian crystalline basement.
Recently, the company initiated licensing and permitting for a helium exploratory well at 40 Mile.
Historical flow and composition tests at the 7,000-acre 40 Mile Project have shown remarkable flow and grade, notably more than double that of the Steveville Project.
Data from the project's previous owner indicates that 40 Mile could be comparable to some of the largest Cambrian helium discoveries in Alberta, Saskatchewan, and Montana.
RHC plans to retest the site and remains optimistic about its production potential.
Full Press Release: https://royalheliumltd.com/2024/05/royal-helium-licensing-high-impact-helium-well-at-forty-mile-southern-alberta/
Posted on behalf of Royal Helium Ltd.