SASKATOON, SK, Dec. 18,
2023 /CNW/ - Royal Helium Ltd. (TSXV: RHC) (OTCQB:
RHCCF) (TSXV: RHC.WT.A) ("Royal" or the "Company") is
pleased to report that it held the inauguration of Royal's
Steveville Helium Purification Facility on Saturday the
16th of December. Honored speakers at the event were,
MLA Brooks-Medicine Hat and Alberta Premier Danielle Smith, John Petrie, the Mayor of
Brooks and Arno Doerksen, Reeve,
Newell County. Also in attendance were the Federal Member of
Parliament Bow River Mr. Martin
Shields, Assistant Deputy Minister, Energy and Minerals,
Mike Simpson and several council
members for the city of Brooks and
Newell County.
Highlighting the economic benefits of the facility to the
County, Province and Canada,
Premier Smith delivered a strong speech commending everyone on the
significant accomplishment in building the first of its kind plant
in the world here in Alberta.
President and CEO, Andrew
Davidson, states, "We thank Premier Smith, and all the local
officials, dignitaries and members of the community who joined the
Royal Helium team in the inauguration and tour of the one-of-a-kind
Steveville Helium Facility. The facility, now in operation, is an
impressive piece of engineering and provides the lowest carbon
footprint amongst any of its peers globally. Royal, while
finalizing trailer fill for its first deliveries, is also in
discussions for additional offtake commitments for upcoming
projects in 2024."
About Royal Helium Ltd.
Royal is an exploration, production, and infrastructure company
with a primary focus on the development and production of helium
and associated gases. The Company controls over 1,000,000 acres of
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 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.
Andrew Davidson
President and Chief Executive Officer
Royal Helium Ltd.
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 news
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements, including, the Company's
intended use of the net proceeds of the Offering. 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.
