Month: July 2020

SASKATOON, SASKATCHEWAN – July 30, 2020. Royal Helium Ltd., (“Royal” or the “Company”) (TSXV: RHC) reports that is has received the final analysis from the triaxial magnetic survey conducted over its Climax helium permit lands located in south western Saskatchewan. The program successfully produced datasets and images that refine drill targets over the large structural features delineated in the 2019 seismic survey. This is the first of several closure targets at Climax that will be subject to a multi-well exploration drilling and development program. The Company is now working towards a detailed drill plan and funding for its maiden drill program which will be announced once finalized.

Steve Halabura P.Geo., VP Exploration for Royal states, “The datasets and images produced from the magnetic survey allow for a deeper understanding of the structural controls of the crystalline basement, which is the “source rock” for the helium enrichment, and the overlying stratigraphy, where the helium could be trapped and accumulated. This data has tremendous value in confirming drill targets into our identified structures”.

Terrestrial helium originates from the natural decay of uranium and thorium. In this particular region of Saskatchewan, Canada, this occurs within the Precambrian basement rock with the overlying stratigraphic target formations regionally known as the Deadwood sand formation and the Basal Aquifer Unit. The first target closure at Climax now shows over 31 km2 of structural closure in excess of 22 meters in thickness.

Andrew Davidson, President and CEO of Royal comments, “This program successfully firms up our first set of drill targets into the helium play at Climax and we look forward to the first drill program this fall. We plan to continue and repeat the geophysical work and drill programs over several regional targets we have in inventory”.

The Climax lands consist of 4 Crown helium permits encompassing an area of 58,857.75 hectares or 588.58 km2. The airborne survey encompassed 734.92 line-kms, including 183.82 km2 hectares of land coinciding with the earlier trade 2D seismic survey completed in 2019. In total, Royal Helium currently has approximately 4,000 km2 of helium lease and permit land.

Qualified Person: Stephen P. Halabura P. Geo. the Company’s Vice President of Exploration is a Qualified Person (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical disclosure contained in this news release.

Royal Helium Ltd.

Royal has over 400,000 acres of prospective helium land in southern Saskatchewan. 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.

For more information, please contact Andrew Davidson, the Chairman, President and CEO of the Company.

Andrew Davidson, President and CEO Royal Helium Ltd.
1 (306) 653-2692 [email protected]

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.

SASKATOON, SASKATCHEWAN – July 20, 2020. Royal Helium Ltd., (“Royal” or the “Company”) (TSXV: RHC) announces that it has appointed Mr. Sylvain Laberge to its board of directors, effective July 17, 2020. Mr. Laberge has had a long and distinguished career in the junior resource sector, focusing on both management, investor relations and financing. Based in Montreal, QC, Mr. Laberge will play a key role in corporate strategy as Royal moves towards drilling on its helium projects in Saskatchewan. Mr. Laberge is currently the President and CEO of Gespeg Resources Ltd. (TSX-V; “GCR”) and an independent director of Omineca Mining and Metals Ltd. (TSX-V: “OMM”).

“Mr. Laberge’s experience in advancing junior natural resource companies makes him a natural addition to the board of Royal” states Andrew Davidson, President and CEO of Royal. Mr. Davidson continues “Royal is continually looking to increase the strength of its management and governance team, and the addition of Sylvain reflects an important first step in this process”.

Additionally, Royal announces that it has issued 3,000,000 stock options, effective July 17, 2020, with an exercise price of $0.23 for a period of five years, in accordance with the Company’s stock option plan. Management and directors were issued 2,400,000 options, with the remainder going to consultants.

Royal Helium Ltd.

Royal has over 400,000 acres of prospective helium land in southern Saskatchewan. 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.

For more information, please contact Andrew Davidson, the Chairman, President and CEO of the Company.

Andrew Davidson, President and CEO Royal Helium Ltd.
1 (306) 653-2692 [email protected]

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.

SASKATOON, SASKATCHEWAN – July 16, 2020. Royal Helium Ltd., (“Royal” or the “Company”) (TSXV: RHC) announces that, after the successful completion of its oversubscribed private placement, it has resumed its drill target identification program in southeast Saskatchewan.

With an initial focus in southeast Saskatchewan on the Bengough area, Royal has re-processed 50.36 km2 of 3D seismic, which was acquired in 2017. The re-interpretation was completed to gain an understanding of regional basement structures and to identify potential drill targets. The 3D seismic shows a large regional feature with multiple closures. Five (5) of these closures have been identified as initial drill targets and will be subject to further detailed investigation, including an airborne magnetometer survey.

Royal believes that the Bengough basement structure is part of a larger regional basement structural trend extending at least 60 miles north from the US border and passing through three of Royal’s Focus Areas. Along this trend, historic helium tests have ranged from 0.70% to 0.78% at Minton, 1.39% to 1.41% at Bengough, and 0.48% to 2.45% at Ogema / Ogema North.

“Royals southeast Saskatchewan lands, which comprise roughly 50% of the total land holding, all show robust helium occurrences. With the strategy of full-cycle inert gas capture, refining and liquefaction, it is crucial to develop a large number of de-risked drill targets throughout the Company’s significant land package. The initial five targets identified at Bengough is an exciting first step in the southeast, growing the initial target inventory to 12 when combined with the seven targets on the Climax project in southwestern Saskatchewan. The effectiveness of Royals exploration methodology, which has been demonstrated at Climax, will increase the speed with which we can de-risk these target areas” states Andrew Davidson, President and CEO of Royal.

The Company will provide updates on its exploration activities, as they progress.

Royal Helium Ltd.

Royal has over 400,000 acres of prospective helium land in southern Saskatchewan. 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.

For more information, please contact Andrew Davidson, the Chairman, President and CEO of the Company.

Andrew Davidson, President and CEO Royal Helium Ltd.
1 (306) 653-2692
[email protected]
 

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.

SASKATOON, SASKATCHEWAN – July 9, 2020. Royal Helium Ltd., (“Royal” or the “Company”) (TSXV: RHC) announces the closing of its oversubscribed private placement of units (the “Units”) announced on June 15, 2020 and expanded on June 29, 2020. Royal raised proceeds of $1,000,000 through the issuance of 20,000,000 Units at a price of $0.05 per Unit (the “Offering“).

Each Unit consists of one common share in the capital of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $0.07 for a period of 12 months. The securities issued under this private placement are subject to a statutory four-month period ending November 10, 2020.

Mr. Andrew Davidson, President and CEO of Royal states “With the financing closed, Royal will be expanding on its exploration plans and finalizing the targets of the initial drilling program for helium in Saskatchewan.”

Under the Offering certain management and insiders acquired 1,770,000 Units in total. Their participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61- 101“). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities to be distributed in the Offering nor the consideration to be received for those securities, in so far as the Offering involves the insiders, exceeds 25% of the Company’s market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of this Offering, as the Company was not aware of the level of insider’s participation in the Offering at such time.

Of the 20,000,000 Units issued in the Offering, 800,000 Units were subscribed for by pro group members which have closed in escrow pending final acceptance of the Offering by the TSX Venture Exchange. $3,600 of commissions were paid in conjunction with the financing.

Royal Helium Ltd.

Royal has approximately 400,000 hectares of prospective helium land in south western and south-central Saskatchewan, held as permits, leases and pending permits. All of Royal’s lands are in close proximity 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.

For more information, please contact Andrew Davidson, the Chairman, President and CEO of the Company.

Andrew Davidson, CEO
Royal Helium Ltd.
1 (306) 281-9104
[email protected]

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.