Month: October 2022

Saskatoon, SK, Oct. 19, 2022 – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) announces that further to its C$7,000,500 bought deal financing (the “Offering”) that closed on October 13, 2022, the syndicate of underwriters led by Cormark Securities Inc. and including Eight Capital and Haywood Securities Inc., have exercised the remainder of their over-allotment option to acquire 3,050,768 units of the Company (the “Over-Allotment Units“) at a purchase price of C$0.26 per Over-Allotment Unit for total gross proceeds to the Company of C$793,199.68. Each Over-Allotment Unit consisted of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share at a price equal to C$0.32 for a period of 36 months following the closing of the Offering.

The Over-Allotment Units were offered in accordance with the terms of a prospectus supplement filed in all provinces in Canada, except Québec, and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), and in those jurisdictions outside of Canada and the United States which were agreed to by the Company and the Underwriters, where the securities were issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

The Company intends to use the net proceeds from the Offering combined with the net proceeds from the exercise of the over-allotment option to fund the commencement of various early works projects and the engineering and design relating to the construction of the Company’s helium production plant to be located in Steveville, Alberta.

The Underwriters were paid a cash commission equal to 6% of the gross proceeds raised under the exercise of the over-allotment option and have also been issued broker warrants entitling them to purchase, in the aggregate, that number of units of the Company (“Units“) as is equal to 6% of the number of Over-Allotment Units sold pursuant to the exercise of the over-allotment option at price of $0.26 per Unit for a period of 24 months from the closing of the Offering.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Royal Helium Ltd.

Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. All of Royal’s 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 99% less carbon intensive than helium extraction processes in other jurisdictions.

For more information, please contact the Company.

Andrew Davidson
President and Chief Executive Officer
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 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 and the net proceeds of the exercise of the over-allotment option. 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, October 13, 2022 – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) announces that it has completed its previously announced bought-deal financing of C$7,000,500 (the “Offering“) led by Cormark Securities Inc. and including Eight Capital and Haywood Securities Inc. (collectively, the “Underwriters”). The Underwriters exercised the first tranche of the over-allotment option amounting to C$256,875.32 for total gross proceeds to the Company of C$7,257,375.32. The total number of units of the Company (the “Units“) issued under the Offering was 27,912,982. Each Unit consisted of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to purchase one Common Share at a price equal to C$0.32 for a period of 36 months following the closing of the Offering.

The Units were offered in accordance with the terms of a prospectus supplement filed in all provinces in Canada, except Québec, and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), and in those jurisdictions outside of Canada and the United States which were agreed to by the Company and the Underwriters, where the securities were issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

The Company intends to use the net proceeds from the Offering to fund the commencement of various early works projects and the engineering and design relating to the construction of the Company’s helium production plant to be located in Steveville, Alberta.

The Underwriters were paid a cash commission equal to 6% of the gross proceeds raised under the Offering (including the exercise of the over-allotment option) and have also been issued broker warrants entitling them to purchase, in the aggregate, that number of Units as is equal to 6% of the number of Units sold in the Offering (including the Units sold pursuant to the over-allotment option) at price of $0.26 per Unit for a period of 24 months from the closing of the Offering.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Royal Helium Ltd.

Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. All of Royal’s 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 99% less carbon intensive than helium extraction processes in other jurisdictions.

For more information, please contact the Company.

Andrew Davidson                                                      
President and Chief Executive Officer                                                          
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 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.

Saskatoon, Saskatchewan, October 12, 2022 – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) is pleased to report that it has awarded a construction contract to Arjae Design Solutions Ltd of Nisku, Alberta to build and commission the Steveville 14-12 Helium Recovery Plant to be located approximately 40 km north of Brooks in southeastern Alberta. Site preparation works have been initiated and procurement of long lead items has started.

The plant’s operating throughput will be in the range of 10-15 million cubic feet/day (“MMSCFD”) producing a purity level of 99.999% helium. The final helium product will be compressed to a delivery pressure of 3,000 pounds per square inch gauge (“psig”) and directed to a three-tube trailer loading system. Minimum delivery for Royal’s first multi-year, fixed price, sales agreement (see news release of 29 August 2022) represents approximately 40% of this plant’s capacity.

Andrew Davidson, President and CEO, Royal comments, “Facilitated by Obsidian Engineering of Calgary, we are pleased to award Arjae with the fabrication and commissioning of our first helium processing plant for Steveville. Arjae’s proprietary engineering designs provide several substantial economic benefits to Royal over other helium separation plant designs. The Steveville plant will produce: the highest grade 99.999% helium, food-grade carbon dioxide, high value condensate and fuel gas to power the entire facility.”

About Royal Helium Ltd.

Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern Alberta. All of Royal’s 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 99% less carbon intensive than helium extraction processes in other jurisdictions.

For more information, please contact the Company.

Andrew Davidson Dean Nawata

President and CEO Manager of Corporate Development

Royal Helium Ltd. Royal Helium Ltd.

1 (306) 653-2692 (604) 561-2821

davidson@royalheliumltd.com 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 news release.

This news release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including anticipated deliveries under Royal’s offtake agreement, anticipated drilling of the Nazare horizontal well and other drilling plans, the intended construction of a Steveville Helium Processing Plant and pipelines and accelerated development of the Company’s other assets. In addition, all references to resources are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the resources described exist in the quantities predicted or estimated and can be profitably produced in the future. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, volatility in production rates, environmental risks, inability to obtain drilling rigs or other services, capital expenditure costs, including drilling, completion and facility costs, unexpected decline rates in wells, wells not performing as expected, delays resulting from or inability to obtain required third party and regulatory approvals, ability to access sufficient capital from internal and external sources, inability to access gas transportation and processing infrastructure, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, and the uncertainty of estimates and projections of production, costs and expenses. 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 and risks applicable to the Company.

SASKATOON, SASKATCHEWAN – October 4, 2022. Royal Helium Ltd. (TSXV:RHC) (TSXV:RHC.WT) (OTCQB:RHCCF) (“Royal” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. (collectively the “Underwriters”), to increase the size of its previously announced bought deal public offering of units. The Company will now issue 26,925,000 units (the “Issued Units“) of Royal at a price (the “Offering Price”) of $0.26 per Issued Unit, for gross proceeds to the Company of approximately $7 million (the “Offering“).

Royal has granted to the Underwriters an option to purchase additional units, equal to 15% of the number of Issued Units sold pursuant to the Offering at the Offering Price, for market stabilization purposes and to cover over-allotments for a period expiring 30 days after the date of closing.

The net proceeds of the Offering will be used to fund engineering and design costs associated with the Company’s production plant planned for Steveville, completion and exploration activities on the Company’s lands and for general corporate purposes.

Closing is expected on Oct 13, 2022 and is subject to TSX Venture Exchange and other necessary regulatory approvals.

About Royal Helium Ltd.

Royal controls over 1,000,000 acres of prospective helium land in southern Saskatchewan and southern 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.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares and the warrants will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

Caution regarding forward-looking information:

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 including, but not limited to: the scheduled closing date of the offering; the intended use of the net proceeds of the offering; and the Corporation’s planned engineering, design, drilling and completion activities. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future events or 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; availability of engineering, design, drilling and completion services; and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information including but not limited to those risks described under “Risk Factors” in the Company’s annual information form dated May 24, 2022 for the year ended December 31, 2021

For more information, please contact the Company.

Andrew Davidson
Tel: (306) 281-9104
E-mail: davidson@royalheliumltd.com

SASKATOON, SASKATCHEWAN – October 3, 2022. Royal Helium Ltd. (TSXV:RHC) (TSXV:RHC.WT) (OTCQB:RHCCF) (“Royal” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. (collectively the “Underwriters”), which have agreed to purchase, on a bought deal basis, 19,231,000 units (the “Units”) of Royal at a purchase price of $0.26 per Unit (the “Offering Price”), for aggregate gross proceeds in the amount of approximately $5 million (the “Offering”). Each Unit will consist of one common share of Royal (a “Unit Share”) and one common share purchase warrant (each full warrant, a “Warrant”), each Warrant being exercisable to acquire one common share of Royal at a purchase price of $0.32 for a period of 36 months following the closing of the Offering.

In addition, the Company has granted the Underwriters an option to purchase up to an additional 2,884,650 Units (representing 15% of the base Offering) at the Offering Price exercisable within 30 days after the closing of the Offering for additional gross proceeds in the amount of up to $750,009.

The Offering is scheduled to close on October 13, 2022 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 the securities regulatory authorities.

The net proceeds of the Offering will be used to fund engineering and design costs associated with the Company’s production plant planned for Steveville, completion and exploration activities on the Company’s lands and for general corporate purposes.

The Units will be offered (i) by way of a prospectus supplement (the “Prospectus Supplement”) to Royal’s short form base shelf prospectus dated September 28, 2022, which Prospectus Supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces of Canada, other than Quebec; (ii) in the United States by way of private placement pursuant to the exemption from registration provided for under Rule 144A of the United States Securities Act of 1933, as amended; and (iii) in jurisdictions outside of Canada and the United States as are agreed to by the Company and the Underwriters on a private placement or equivalent basis.

These securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Royal Helium Ltd.

Royal controls over 1,000,000 acres of prospective helium land in southern Saskatchewan and southern 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.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares and the warrants will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

Caution regarding forward-looking information:

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 including, but not limited to: the scheduled closing date of the offering; the intended use of the net proceeds of the offering; and the Corporation’s planned engineering, design, drilling and completion activities. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future events or 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; availability of engineering, design, drilling and completion services; and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information including but not limited to those risks described under “Risk Factors” in the Company’s annual information form dated May 24, 2022 for the year ended December 31, 2021

For more information, please contact the Company.

Andrew Davidson
Tel: (306) 281-9104
E-mail: davidson@royalheliumltd.com