Month: June 2021

SASKATOON, SASKATCHEWAN – June 21, 2021.  Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) is pleased to announce the results of the Company’s Annual General Meeting, which was held today. All matters submitted to shareholders for approval as set out in the Company’s Notice of Meeting and Information Circular, both dated May 20, 2021, were approved by the overwhelming majority of the votes cast at the Meeting.

Approved items were as follows: the number of directors was set at five (5), the appointment of McGovern, Hurley, Cunningham, LLP, Chartered Professional Accountants as auditor and the passing of the Company’s Stock Option Plan. 

The details of the voting results for the election of directors are set out below:

Director	Votes For #	%
Andrew Davidson	19,354,719	99.15
Tom MacNeill	19,481,314	99.80
John Pringle	19,472,014	99.75
Sylvain Laberge	19,479,048	99.79
Campbell Becher	19,473,719	99.76

Andrew Davidson, President and CEO comments, “We would like to thank the shareholders for their great support at today’s AGM.  As we move towards commencing the largest drill program for the Company so far, we look forward to providing regular updates on progress from the drill program and the further production development of the initial three wells drilled at our Climax Helium Project.”

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 a combination of permits, leases and applications, Royal is one of the largest helium rights holders in North America.  Located next to highways, roads, cities and, importantly, close to existing oil and gas infrastructure, Royal’s 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
davidson@royalheliumltd.com

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 – June 10, 2021.  Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) is pleased to announce its extensive drilling, exploration and development work program in southern Saskatchewan with Climax-4 expected to spud in mid-July.  Following the recently completed financing and the successful initial drilling program, Royal will immediately begin drilling and exploration programs focused on accelerating the growth of the Company’s helium resources. The Company is currently budgeting for 7 new wells.

2021 Program Summary:

• Drill Climax-4 to target the Regolith discovery from Climax-3, expected to spud by the end of July
• Resumption of production testing at Climax-2 and Climax-3
• Continue production planning and facility design for Climax-1, 2 and 3
• Drill 6 new wells in SE Saskatchewan across three separate project areas. Drilling anticipated to commence summer 2021

Andrew Davidson, President and CEO comments, “With the exceptional investor interest in the oversubscribed bought deal prospectus offering, Royal is in a position to execute on a large drilling and exploration program to expand on the success of its first 3 helium wells. Our program is specifically planned to accelerate the growth of the Company with the goal of quickly becoming a helium producer. Royal is at an exciting juncture in its development – looking toward helium production from its first 3 wells, developing the new discovery of 2.5 to 6 billion cubic feet (“BCF”) of helium in-place and accelerating growth with 7 new wells including an additional well specifically targeting the Regolith discovery zone”.

At Climax, Royal will be drilling Climax-4 specifically targeting the Regolith zone discovered in the Climax-2 and Climax-3 wells.  Climax-4 drill and production permitting is underway, and the well is anticipated to spud by mid-July.  This well will be cored through the Regolith discovery zone to identify the optimal way to produce helium from this large reservoir. 

In southeast Saskatchewan, Royal intends to drill its first set of wells at its Bengough, Griffin and Ogema blocks (the first land blocks of the “SE Project Area”).  Planning is currently underway for this portion of the drill program consisting of the acquisition/re-processing of seismic data, completion of a tri-axial magnetic survey and detailed well target definition.

Alongside drilling new wells, testing will continue at Climax-2 and Climax-3 focused on the Wymark zone that reported elevated levels of helium that have not yet been perforated or production tested.  This testing program, fully planned and costed within the previous program, is anticipated to last for approximately 10 days per well. 

For Climax-1, Climax-2 and Climax-3, initial production testing and facility design specifications will be completed (Climax-1 already underway) with a plan to have these first 3 wells operational within six months of testing completion.

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, Royal’s 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
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, SASKATCHEWAN – (June 8, 2021) Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) announces that the Company has closed its previously announced prospectus offering of units (“Units”) on a bought deal basis of 34,500,00 Units, issued at $0.50 per Unit, for gross proceeds of $17.25 million (the “Offering”), inclusive of 4,500,000 Units issued pursuant to the full exercise of the over-allotment option granted to the underwriters on closing of the Offering.

Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one additional common share of the Company at an exercise price of $0.75 per share for a period of 24 months following the closing of the Offering, provided that the Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants by providing notice in writing to the holders of Warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange (the “TSXV”) is greater than $1.25 per common share for the preceding 10 consecutive trading days. The Warrants have been conditionally approved for listing on the TSXV and are expected to be listed for trading on the TSXV following the close date of the Offering under the symbol RHC.WT, subject the satisfaction of the listing conditions of the TSXV.

Cormark Securities Inc. and Eight Capital acted as lead underwriters (the “Lead Underwriters”) in connection with the Offering, with a syndicate including Canaccord Genuity Corp. (together with the Lead Underwriters, the “Underwriters”).

As consideration for the services provided by the Underwriters in connection with the Offering, the Underwriters received: (a) a cash commission equal to 7% of the gross proceeds of the Offering; and (b) that number of non-transferable compensation warrants (the “”Compensation Warrants””) as is equal to 7% of the number of Units issued under the Offering. Each Compensation Warrant is exercisable to acquire one unit (“”Broker Warrant Unit””). Each Broker Warrant Unit will be comprised of one common share and one-half of one common share purchase warrant (“”Broker Warrant Unit Warrant””). Each Broker Warrant Unit Warrant will have the same terms as the Warrants issuable pursuant to the Offering.

The net proceeds from the Offering will be used to fund exploration and development of the Company’s Climax and Bengough projects and for general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the “United States” or to “U.S. Persons” (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.

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, Royal’s 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

Dean Nawata, Business Development
Royal Helium Ltd.
1 (604) 561-2821
dean@royalheliumltd.com

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.