SASKATOON, SK, May 1, 2023
/CNW/ - Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF)
("Royal" or the "Company") is pleased to announce the
appointment of Mr. David T. Young as
Executive Vice-President & Head of US Operations.
Mr. Young has more than 20 years of experience as an investor,
advisor and operator across a range of industries. For over a
decade, Mr. Young has operated with a primary focus on the natural
resources space where he has invested in and advised upstream
development and midstream operations across North
America.
Most recently, Mr. Young was a principal at the Carlyle Group,
one of the world's largest and preeminent private equity firms,
with over $300 billion in assets.
While at the Carlyle Group, Mr. Young was part of the leadership
team managing over US$4 billion in
natural resource investments, with a primary focus on upstream
development and midstream related assets.
Prior to joining the Carlyle Group, Mr. Young was a Director of
Talara Capital Management, where he led the team's control-oriented
private equity investments in the natural resources
space.
During his tenure at Talara, Mr. Young represented its interests
on the board of directors of multiple upstream oil and gas
development companies and, most notably, led the distressed
acquisition and subsequent take-private transaction of Caza
Petroleum. Mr. Young led the team in building Caza Petroleum from
less than 50 barrels per day of production to its current standing
as a regional leader in the Delaware Basin.
Mr. Young previously held positions at leading New York based investment banks, including
Perella Weinberg Partners, Kramer Capital Partners, and
Houlihan Lokey.
Mr. Young is graduate of the University of
Virginia's McIntire School of
Commerce and has frequently returned as a guest lecturer on
investment topics, including control investments in the oil and gas
industry.
Andrew Davidson, President and
CEO of Royal comments, "We are pleased to add David and his
significant experience and skillset in moving companies from early
stage to industry leaders. David will play a leading role with our
existing management team in financial and operating strategy and
execution as we continue to expand our operations."
Royal also announces the grant of 500,000 stock options pursuant
to the Company's stock option plan, exercisable at $0.38 per share and expiring April 26, 2028, subject to earlier expiration in
accordance with the stock option plan and applicable policies of
the TSX Venture Exchange have been granted.
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 90% 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 release.
This release includes certain statements that may be deemed
to be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. 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.
SOURCE Royal Helium Ltd.
