Royal Helium Ltd (RHC)

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I'm hopeful. The recent addition of Brent Ziegler as Helium Technical Lead to advisory board is a welcome IMO - bringing a wealth of extensive experience that will drive RHC expansion into production and sales. Furthermore, I'm optimistic regarding their offtake agreements and expanded helium resources from discovery.

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Harrison Joel May 01, 2023 4:58PM ET

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They're definitely starting to show progress toward production with the addition of David T. Young and the recent closing/utilization of the $17.5M debt facility. Lot's of potential here now.

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Mike Powell Apr 20, 2023 1:04PM ET

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We can all see the great potential for RHC at this time and the speculation and excitement around the imminent production at Steveville is palpable. As they move closer to actual production I can anticipate even more growth as additional investors take notice, not to mention the inevitable news of more offtake agreements.

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Mike Powell Apr 13, 2023 1:54PM ET

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RHC's secured funding to build their flagship production facility in southern Alberta, they've aggressively drilled 1M+ acres of properties across Saskatchewan and Alberta with initial production at this facility is slated for Q2 2023 and is expected to produce in the range of 10-15M cubic feet/day at 99.999% helium purity.

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Mike Powell Mar 30, 2023 4:47PM ET

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I think the latest appointment adding Brian Weston to the RHC advisory board is a pretty big deal, he was the former VP of Encana (now Ovintiv) and has 40+ yrs experience in the oil/gas industry. His experience and involvement in some of the largest gas/liquid plays in Alberta (like Motney and Duvernay) are practically invaluable as RHC continues developing their helium portfolio across Western North America..

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Mike Powell Mar 24, 2023 3:57PM ET

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Royal Helium secured CAD $15M credit facility with the BDC and CWB for production facilities in Alberta. CWB also provided CAD $2.5M operating loan. Debt facilities expected to close in Feb. Remaining conditions waived for CAD $5.5M from bought deal private placement of convertible debenture units. The Steveville plant is fully funded for Q2 2023 production.

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Harrison Joel Mar 23, 2023 1:32PM ET

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The plant is under construction and is funded meaning there's only a short amount of time before we see it go online.

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Harrison Joel Jan 30, 2023 1:26PM ET

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Development is going smoothly, once they have the cash in hand they'll start to bring a larger focus onto production to start generating some revenue!

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Mike Powell Dec 13, 2022 4:12PM ET

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I’ve noticed it’s been a bit quiet on the RHC front lately, but this gave me an opportunity to digest more of the recent updates around the company’s financing.. With the provision of a US$20M 3-year credit facility this will mean the processing facility production constructions are fully funded enabling their Steveville plant to begin helium deliveries to their off-take partners by April 2023. This plant will produce 10-15M cubic feet/day with purity levels of 99.999% helium.

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Mike Powell Dec 05, 2022 4:12PM ET

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Royal Helium CEO Andrew Davidson joins the BNN Bloomberg segment “Saskatchewan appears to be the only place in the world to drill pure helium” to discuss the company’s unique positioning in the province with their 1M+ acres of helium development land. Recent financing raising $15M will fully fund their plans for the next year at least, accelerating project development, additional drilling and expanding their project footprint.

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