SASKATOON, SK, Aug. 12,
2024 /CNW/ - Royal Helium Ltd. (TSXV: RHC) (TSXV:
RHC.WT.A) (TSXV: RHC.WT.B) (OTCQB: RHCCF) ("Royal" or the
"Company") wishes to comment on recent trading activity with
the Company, including insider activity. On August 7th and 8th, two
insiders of the Company sold stock for personal reasons. The timing
of the sales corresponds with the expiry of a standstill agreement
in place from the bought deal financing (see news release of
May 8, 2024). Royal confirms that it
has no material undisclosed information and that the insider sales
in question are unrelated to any corporate information or
situations. Both insiders remain unequivocally dedicated to and
continue in their full capacities with the Company.
Andrew Davidson, CEO, comments,
"While not customary, nor required, Royal would like to keep all
stakeholders and shareholders informed to avoid unnecessary
speculation as to the cause of the sales. As a company, we are
pleased that these two insiders are continuing in their roles at
Royal Helium."
About Royal Helium Ltd.
Royal Helium is a production, infrastructure, and exploration
company with a primary focus on the development of helium and
associated gases. The Company's extensive footprint includes
prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Given the current and foreseeable
global undersupplied nature of this critical and non-renewable
product, Royal is well positioned to be a leading North American
producer of this increasingly high value commodity.
Royal's helium reservoirs are carried primarily with nitrogen.
Nitrogen is not considered a greenhouse gas (GHG) and therefore the
plant has a low GHG footprint when compared to plants in other
jurisdictions that rely on large scale natural gas production for
helium extraction. Helium extracted from wells in Saskatchewan and Alberta can be up to 90% less carbon intensive
than helium extraction processes in other jurisdictions.
Andrew Davidson
Chief Executive Officer
Royal Helium Ltd.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Royal Helium Ltd.
