SASKATOON, SK, Dec. 2, 2022
/CNW/ - Royal Helium Ltd. ("Royal" or the "Company") (TSXV: RHC)
has approved the grant of 6,090,000 incentive stock options
pursuant to the Company's stock option plan effective September 14, 2022. 4,590,000 of the
options were granted to Directors and Executive Officers, with the
balance being granted to employee and consultants. The options are
exercisable at $0.26 per share and,
if not exercised, expire December 1,
2027, subject to earlier expiration in accordance with the
stock option plan and the applicable policies of the TSX Venture
Exchange.
About Royal Helium Ltd.
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. With stable, rising prices and limited,
non-renewable sources for helium worldwide, Royal intends to become
a leading North American producer of this high value commodity.
Royal's helium reservoirs are carried primarily with nitrogen.
Nitrogen is not considered a greenhouse gas (GHG) and therefore has
a low GHG footprint when compared to 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 99% less carbon intensive
than helium extraction processes in other jurisdictions.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Neither 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 news release.
This news release includes certain statements that may be
deemed to be "forward-looking statements". All statements in this
news release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements, including negotiation of
definitive documents in respect of the loan facility and
anticipated closing thereof, anticipated deliveries under Royal's
offtake agreement by April 2023,
anticipated drilling of the Nazare horizontal well and other
drilling plans, the intended construction of a Steveville Helium
Processing Plant and pipelines and accelerated development of the
Company's other assets. In addition, all references to resources
are deemed to be forward-looking statements as they involve the
implied assessment, based on certain estimates and assumptions,
that the resources described exist in the quantities predicted or
estimated and can be profitably produced in the future. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the Company's control,
including without limitation, risks associated with oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices,
volatility in production rates, environmental risks, the ability to
procure services and materials necessary to complete the Climax
processing plant at the cost and within the timeline anticipated by
the Company, inability to obtain drilling rigs or other services,
capital expenditure costs, including drilling, completion and
facility costs, unexpected decline rates in wells, wells not
performing as expected, delays resulting from or inability to
obtain required third party and regulatory approvals, ability to
access sufficient capital from internal and external sources,
inability to access gas transportation and processing
infrastructure, the impact of general economic conditions in
Canada, the United States and overseas, industry
conditions, changes in laws and regulations (including the adoption
of new environmental laws and regulations) and changes in how they
are interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, and the uncertainty of
estimates and projections of production, costs and expenses.
Although management believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, and
actual results or developments may differ materially from those in
the forward-looking statements. The Company undertakes no
obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors,
should change. Factors that could cause actual results to differ
materially from those in forward-looking statements, include market
prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information and risks
applicable to the Company.
SOURCE Royal Helium Ltd.
