Month: November 2020

SASKATOON, SASKATCHEWAN – (Cision – November 30, 2020) Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Clarus Securities Inc., Echelon Wealth Partners Inc., Eight Capital Corp. and Richardson Wealth Ltd. for a best-efforts private placement of a minimum of 16,000,000 units (“Units”) at a price of $0.25 per Unit, for minimum gross proceeds of $4 million (the “Offering”). The Company has also granted the underwriters an option (“Agent’s Option”) to arrange the purchase of up to an additional 50% of Units (up to 8 million additional Units) under the offering at the issue price.

Each Unit will consist of one (1) common share (“Common Share”) of the Company and one (1) warrant (“Warrant”). Each Warrant will entitle the holder thereof to purchase one (1) Common Share at a price equal to $0.40, for a period of 24 months following the Closing Date.

The net proceeds from the Offering will be used to fund exploration drilling for helium on the Company’s lands in southern Saskatchewan and for general corporate purposes.

Andrew Davidson, President and CEO of Royal states: “After completing detailed exploration work over the past year, we are excited to embark on the first of several planned helium drilling programs. We have amassed multiple, large helium land packages across southern Saskatchewan, identifying numerous potential helium pools in the Deadwood formation. The first set of wells to be drilled are located on the Climax property in the southwestern part of the province to be followed by the Bengough property in the southeast. Further exploration continues on the 8 (to date) other land packages”.

The Offering is scheduled to close on or about December 17, 2020 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities.

About Royal Helium Ltd.

Royal is focused on the exploration and development of primary helium production in southern Saskatchewan.  With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America.  Located next to highways, roads, cities and, importantly, close to existing oil and gas infrastructure, Royals projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.

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

Andrew Davidson, CEO

Royal Helium Ltd.
1 (306) 653-2692
1 (306) 281-9104
davidson@royalheliumltd.com

This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. Person (as defined in Regulation S of the Securities Act) or a person in the United States, unless an exemption from such registration requirements is available.

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 – November 14, 2019. Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) announces that it has been granted by the Government of Saskatchewan, an undivided, 100% crown interest in a new helium permit covering 17,676 hectares adjacent to and immediately west of the Company’s Climax property. The Company plans to proceed with a geotechnical and seismic program over “Climax West”, land extended with the newly acquired helium permit. The program will be conducted in the same manner as Climax East with the goal of identifying other structural traps within the same known zone and to increase Royal’s drill target inventory. Program details will be announced once finalized.

Royal recently completed its first phase of exploration on the Climax East property isolating an approximate 3,094-hectare basement structure with 4-way closure. 7 drill targets have been selected within this basement structure known to be prospective for primary helium production (see news release September 4, 2019).

With well logs down to the Precambrian basement of past and current producing primary helium wells already in hand, Royal intends to contract RPS Group of Calgary (“RPS”) to reprocess and evaluate the data in the same way as was conducted at Climax East. Reprocessing of the data is used to identify the deeper, basement-rooted structures that are known to be prospective for helium and delineating 4-way structural closures – the structures necessary to trap and contain the helium that was formed further below.

Helium is created by the natural decay of radioactive elements such as uranium and thorium, deep beneath the earth’s surface. Saskatchewan is endowed with some of the world’s highest concentrations of uranium and therefore one of the few places on the earth that produces primary helium (most of the world’s helium is produced as a by-product of natural gas production in lower grade quantities).

Further, Royal Helium intends to continue the same program over several other helium properties the Company has in southwestern Saskatchewan including – the Climax Properties and Swift Current, Cadillac and Val Marie properties. Initial geological and seismic data review show that these areas are also highly prospective for similar basement formations and structural traps for helium. Royal aims at building up its drill inventory to over 25 well targets over these several projects within the next few months.

Royal Helium continues to be in discussions with several of the major industrial gas companies looking to select and secure a helium processing partner for our initial development. The early stage discussions indicate a high level of interest from several gas companies in securing a partnership on mutually, economically favourable terms.

Royal Helium Ltd.

Royal now has over 400,000 acres of prospective helium land in south western and south-central 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, CEO
Royal Helium Ltd.
1 (306) 653-2692
davidson@fnr.ca

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, SK, Nov. 12, 2020 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) is pleased to announce that the engineering and scoping study (the “Study”)  for a large-scale industrial gas polygeneration facility, located in Saskatchewan, has been initiated by Royal and will be conducted by the Saskatchewan Research Council (“SRC”).  The Study is Royal’s first step in determining the economic potential of a large-scale facility for the separation and monetization of the gas streams associated with helium production wells in Saskatchewan. 

Andrew Davidson, President and CEO of Royal states: “In Saskatchewan, helium is coproduced with large flows of other inert gases for which there is a large and established North American and global market. Royal is now reviewing whether there is an opportunity to monetize the complete gas stream.  Currently, our economic analysis does not include credits for other potentially commercial gases produced and processed. While the economics of helium production are significant on their own, the impact of the commercialization of other gases could substantially add to net cash flow.”.

The results of this initial engineering and economic study are anticipated to be received in December of 2020.

About the Saskatchewan Research Council

The SRC is Canada’s second largest research and technology organization.  With more than 290 employees, $91 million in annual revenue and nearly 75 years of experience, SRC provides services and products to its 1,500 clients in 27 countries around the world.

About Royal Helium Ltd.

Royal is focused on the exploration and development of primary helium production in southern Saskatchewan.  With over 400,000 hectares of prospective helium lands held under permits, leases and applications, Royal is one of the largest helium leaseholders in North America.  Located next to highways, roads, cities and, importantly, close to existing oil and gas infrastructure, Royals projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists and engineers.

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

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.

For further information: Andrew Davidson, CEO, Royal Helium Ltd., 1 (306) 653-2692, 1 (306) 281-9104, davidson@royalheliumltd.com