TSXV:RHC - Post Discussion
Post by
MarketMakerss on Jul 08, 2024 5:56pm
RHC 'Grows Sales from Steveville Helium Plant'
Having completed the 12th and 13th helium trailer sales since the plant began operations in November 2023, Royal Helium's (RHC.v RHCCF) helium sales from the Steveville Helium Purification Plant in Alberta are successfully underway: https://www.gasworld.com/story/royal-helium-grows-sales-from-steveville-helium-plant/2140513.article/
Plant Details:
- Designed to process 15,000 mcf/day of raw gas.
- Annual output capacity of approximately 22,000 mcf of 99.9999% helium.
- Engineered for a 25-year lifespan with wells expected to be operational for at least nine years.
- Fully automated and self-powered, aiming for low operating expenses and quick positive cash flow.
Environmental and Financial Benefits:
- Will benefit from carbon credits under Alberta’s Technology Innovation and Emissions Reduction System.
- Carbon credits can provide a significant additional cash flow stream.
- Produces enough fuel gas to power the plant and up to 22 million pounds of commercial carbon dioxide annually.
Management and Oversight:
- Engaged Progress Through Technology (PTT) for a six-month contract to enhance and stabilize production.
- CEO Andrew Davidson expressed satisfaction with the stable production rate and the plant’s progression towards full capacity.
Latest News Release: https://royalheliumltd.com/2024/06/royal-helium-continuing-helium-sales/
Posted on Behalf of Royal Helium Ltd.
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