- Royal Helium (RHC) has signed a three-year tolling services agreement with Tumbleweed Midstream
- Tumbleweed will process up to 24 million cubic feet of Royal’s 99.999 per cent gaseous helium into liquid helium at its Ladder Creek Liquefaction Facility
- According to Market Growth Reports, the global helium market is estimated at US$2094 million in 2023
- It is forecast to grow to US$2920.2 million by 2028 with a CAGR of 5.7 per cent
- Royal Helium is developing over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta
- Royal Helium (RHC) is up by 1.79 per cent, trading at $0.285 per share
Royal Helium (RHC) has signed a three-year tolling services agreement with Tumbleweed Midstream.
Under the agreement, which is renewable on a year-to-year basis, Colorado-based Tumbleweed will process up to 24 million cubic feet of Royal’s 99.999 per cent gaseous helium into liquid helium at its Ladder Creek Liquefaction Facility.
The helium gas will originate from Royal’s helium wells and helium processing plant under construction in Steveville, Alberta.
The liquid helium delivered will meet or exceed a purity level of 99.999 per cent in compliance with the Compressed Gas Association G-9.1-2014 Commodity Specification for Helium.
According to Market Growth Reports, the global helium market is estimated at US$2094 million in 2023 and is forecast to grow to US$2920.2 million by 2028 with a CAGR of 5.7 per cent.
“Liquefaction is a crucial step in both Royal’s production process and our off-take partner’s purchase process, as gaseous helium cannot be stored or transported over long distances,” stated Andrew Davidson, Royal Helium’s President and CEO. “Ladder Creek’s location, processing capabilities and specifications align perfectly with our off-take partner’s delivery requirements.”
Royal Helium is developing over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. Helium extracted from wells in these provinces can be up to 99-per-cent less carbon intensive than helium extraction in other jurisdictions.
Royal Helium (RHC) is up by 1.79 per cent, trading at $0.285 per share as of 11:59 am EST.
