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     233  0 Kommentare Royal Helium Announces $6 Million Bought Deal Public Offering of Units for Drilling of High-Impact Appraisal Well at 40 Mile and Continued Advancement in Saskatchewan Helium Corridor - Seite 2

    In connection with the Offering, the Company intends to file a prospectus supplement (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated September 28, 2022 (the “Shelf Prospectus”) following pricing of the Offering with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec). Copies of the Shelf Prospectus and the Prospectus Supplement to be filed in connection with the Offering, can be found on SEDAR+ at www.sedarplus.ca. The Shelf Prospectus and the Prospectus Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Prospectus Supplement and accompanying Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.

    Steveville Helium Purification Facility, Alberta: Ramping up and continuing sales

    Since officially coming online at the end December 2023, Royal has delivered 9 trailers of high purity helium to its end customer in the aerospace and defence industry. As a reminder, this customer has entered into offtake agreements with Royal to purchase all of the helium volumes from this flagship facility; these two offtake agreements are at an average net sales price of approximately USD $500 per mcf or approximately CAD $700 per mcf.  Given the increasing demand for purified helium, Royal Helium anticipates a robust pricing environment for the foreseeable future. 

    Royal Helium is continuing to ramp up its throughout volumes through the plant site and steadily increase the number of helium trailers leaving the plant gate and is expected to reach an optimal run rate capacity volume over the coming months. The processing facility at Steveville is being fed by highly productive Devonian horizons that will provide material cash flow to Royal through the offtake agreements that are already in place.

    The Steveville plant is designed to process 15,000 mcf/day of raw gas fed by the two 100% owned helium wells at Steveville, Alberta and produce 22,000 mcf of 99.999% helium per year. The engineered life of the plant is 25 years, produces enough fuel gas to power the plant itself, and is capable of producing up to 22,000,000 pounds of commercial CO2. Royal has also recently entered into its first offtake agreement for the sale of food and beverage grade CO2 from its Steveville facility. This initial CO2 offtake agreement significantly expands the overall economics and cashflows of the plant facility with this new offtake to primarily serve markets in the Pacific Northwest Region of the United States. 

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    Royal Helium Announces $6 Million Bought Deal Public Offering of Units for Drilling of High-Impact Appraisal Well at 40 Mile and Continued Advancement in Saskatchewan Helium Corridor - Seite 2 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES SASKATOON, Saskatchewan, April 24, 2024 (GLOBE NEWSWIRE) - Royal Helium Ltd. (TSXV:RHC) (OTCQB:RHCCF) ("Royal" or the "Company") is pleased to announce that it …

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