- Royal Helium (RHC) has announced a long-term agreement with a major North American space launch company for the supply of helium
- Royal is awarding supply and construction contracts are currently being awarded for its two processing facilities in Alberta and Saskatchewan
- Once completed, the combined throughput capacity of the plants will be 20,000 mcf/day
- Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta
- Royal Helium Ltd. (RHC) is up 13.16 per cent on the day, trading at C$0.43 per share at 9:45 am ET
Royal Helium (RHC) has announced a long-term agreement with a major North American space launch company for the supply of helium.
Initial deliveries under the supply agreement will commence in 2023.
Royal is also pleased to announce that with the engineering of its initial processing facilities largely complete, supply and construction contracts are currently being awarded. The company will be constructing two facilities: the first at Steveville, Alberta and the second at Climax, Saskatchewan. The combined throughput capacity of the plants will be 20,000 mcf/day (20 million cubic feet per day gas input).
Andrew Davidson, President and CEO, Royal Helium, commented on the news.
“We would like to thank our new partner for their substantial commitment to Royal Helium and Royal’s low carbon helium production programs. Royal aims to be a leading, greener source of helium for the aerospace, high tech, medical, and manufacturing industries”.
Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. All of Royals’ lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land in close proximity to existing helium producing locations.
Royal Helium Ltd. (RHC) is up 13.16 per cent on the day, trading at C$0.43 per share at 9:45 am ET.