Month: January 2023

Saskatoon, Saskatchewan, January 25, 2023 – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) Royal Helium Ltd. (“Royal”) is pleased to announce that it has signed an agreement with Guardyan Conservation Corp. (“Guardyan”) for the development of a carbon credit strategy for the Steveville Helium Recovery Plant. Guardyan will also be entering Royal into the voluntary and compliant carbon markets with the development of a carbon credit portfolio through the low emission helium production at Steveville. Further details will be announced as the Steveville plant begins operations.

Andrew Davidson, President and CEO of Royal comments, “This partnership highlights Royal’s proactive commitment to high environmental standards with our mandate of ensuring all available GHG emission reduction options are integrated into our facility. Guardyan will focus on maximizing the available carbon credits resulting from the efficient plant design. Royal’s cryogenic processing plant design not only has the ability to process helium to 99.999% purity, it commercially processes and captures the other industrial gases in an economically significant way which also leads to the production of salable carbon credits.”

Jana McDonald, CEO of Guardyan states “We are excited to be partnering with Royal in the development of both their low emissions helium facility and resulting emissions reduction monetization strategy. Royal Helium has demonstrated a commitment to the highest environmental standards and we couldn’t be more pleased to steward their integration into the carbon markets for what we see as years to come”

About Guardyan Conservation Corp.

Guardyan is a full-service carbon credit developer who guides organizations through the sustainability landscape, prioritizing impact, simplicity, and profit. With evolved knowledge in voluntary and compliant markets around the world, Guardyan identifies organization’s specific challenges and opportunities to identify emission reductions and develop the right carbon credits from conception to commercialization.

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 near 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 CEO Royal Helium Ltd. 1 (306) 653-2695 [email protected]

Dean Nawata Manager of Corporate Development Royal Helium Ltd. (604) 561-2821 [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 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, SK, January 23, 2023 – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal”or the “Company”) is pleased to announce that it has initiated its 2023 exploration program in southwest Saskatchewan by flying approximately 5,960 line-kilometers of proprietary High Resolution Aeromagnetic (HRAM) data over its Cadillac and Swift Current helium properties in southwestern Saskatchewan. 

Andrew Davidson, President, and CEO comments, “With construction of our first purification facility well underway at Steveville, we are pleased to begin this year’s exploration programs on our helium permit land at Cadillac and Swift Current. The same HRAM program being utilized was a critical factor in the drilling successes at Climax, Val Marie, and Ogema. As an aggressive growth E&P company, we view exploration capex as a critical growth driver for the company and its shareholders.”

The Cadillac survey will cover approximately 4,800 line-kilometers and is designed to refine the basement structural architecture and identify drill targets correlating with historical seismic anomalies, known economic helium shows and current helium producing pools. The Cadillac survey is an extension of the previously acquired HRAM survey flown over Climax in 2019 and is aimed at expanding the known helium fairway approximately 75 km north to Cadillac.

The Swift Current HRAM survey will be approximately 1,160 line-kilometers in an area that has current helium production, and several historically mapped, deep-seated basement structures around the Wilhelm helium pool extending onto Royal’s property.

Shayne Neigum, COO adds, “Royal’s drilling successes to date can be attributed to our high-grade drill targets developed by correlating historic seismic, well data and mapping with deep, geophysics like this HRAM survey followed by detailed, targeted seismic surveys. We look forward to extending our helium fairway from Climax through to Cadillac and further north around the Wilhelm helium pool. The survey is designed to further define known anomalies, deep subsurface structures, potential closures and ultimately drill targets. Both Cadillac and Swift Current fields have current and past producing helium wells in close proximity to Royal’s helium permit land blocks.”

Royal’s exploration programs for the year include target reconnaissance, exploration, and drilling on all three main permit areas, SW Saskatchewan, SE Saskatchewan and Alberta. Details of each program will be announced as they are finalized.

About Royal Helium Ltd.

Royal controls over 1,000,000 acres of prospective helium land across southern Saskatchewan and southeastern 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. 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 VP, Corporate Development

Royal Helium Ltd. Royal Helium Ltd.

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

[email protected] [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 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, the intended construction of a helium processing plant in Steveville, Alberta and the processing capabilities of Ladder Creek. 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. Please see the public filings of the Company at www.sedar.com for further information and risks applicable to the Company.

Saskatoon, Saskatchewan, January 11, 2023 – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) is pleased to announce that it has signed a tolling services agreement with Tumbleweed Midstream LLC, of Colorado (“Tumbleweed“) under which Tumbleweed will process Royal’s 99.999% gaseous helium at its Ladder Creek Liquefaction Facility (“Ladder Creek”) into liquid helium. The refined helium gas will be delivered from Royal’s helium wells and helium processing plant currently under construction at Steveville, Alberta to Tumbleweed’s facility in Colorado. Ladder Creek has warranted that the liquid helium delivered will meet or exceed a purity level of 99.999% in compliance with Compressed Gas Association G-9.1-2014 Commodity Specification for Helium.

Mr. Andrew Davidson, President, and CEO of Royal states, “We are pleased to be working with Ladder Creek as our tolling services provider for the liquefaction of Royal’s refined gaseous helium. Liquefaction is a crucial step in both Royal’s production process and our off-take partner’s purchase process, as gaseous helium cannot be stored or transported over long distances. Ladder Creek’s location and processing capabilities and specifications align perfectly with our off-take partner’s delivery requirements.”

The primary term of this agreement is for 3 years, through to December 31, 2025, and is renewable on a year-to-year basis thereafter. Ladder Creek will process up to 24 million cubic feet of crude helium per year for Royal with provisions for some excess if capacity allows.

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 CEO Royal Helium Ltd.  1 (306) 653-2692 [email protected]

Dean Nawata Manager of Corporate Development Royal Helium Ltd. (604) 561-2821 [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 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, the intended construction of a helium processing plant in Steveville, Alberta and the processing capabilities of Ladder Creek. 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. Please see the public filings of the Company at www.sedar.com for further information and risks applicable to the Company.

Saskatoon, SK, Jan. 10, 2023 – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) is pleased to announce the closing of its previously announced “bought deal” private placement of 5,500 non-transferrable subscription receipts (each a “Subscription Receipt“) at an issue price of $1000 per Subscription Receipt for aggregate gross proceeds of $5,500,000 (the “Offering“). The Offering was led by Eight Capital (the “Underwriter”).

Each Subscription Receipt is convertible into one unsecured convertible debenture unit of the Company (each, a “Debenture Unit“), upon the completion of certain Escrow Release Conditions (as defined herein). Each Debenture Unit shall consist of one 14% unsecured convertible debenture in the principal amount of $1,000 (a “Convertible Debenture“) with a maturity date of December 31, 2025 (the “Maturity Date“) and 3,846 common share purchase warrants (each, a “Warrant“). Each Warrant shall entitle the holder thereof to purchase one common share (a “Share“) of the Company (a “Warrant Share“), at an exercise price of $0.32 per Warrant Share for a period of 36 months. The Company may elect to accelerate the expiry date of the Warrants in the event the volume-weighted average trading price (the “VWAP“) exceeds $0.65 per Share for 20 consecutive trading days.

The Convertible Debentures will be convertible at the holder’s option into Shares at any time prior to the close of business on the earlier of the business day immediately preceding the Maturity Date and the date fixed for redemption of the Convertible Debentures at a conversion price of $0.26 per Share (the “Conversion Price“).

Interest on the Convertible Debentures, underlying the Debenture Units, will accrue commencing on the escrow release date at a rate of 14% per annum and shall be payable semi-annually in arrears, beginning on June 30, 2023. At the Company’s option, provided no event of default has occurred and is continuing and provided all applicable regulatory approvals have been obtained (including any required approval of any stock exchange on which the Shares are listed), interest may be paid in cash or paid-in-kind through the issuance of freely tradable Shares. The number of Shares to be issued in satisfaction of the Company’s interest obligation shall be calculated based on the four day VWAP of the Shares commencing 2 trading days immediately prior to the notice from the Company that it has elected to satisfy its interest obligations in Shares.

The gross proceeds from the sale of the Subscription Receipts, less the expenses related to the Offering (the “Escrowed Proceeds“) were deposited and will be held in escrow by Computershare Trust Company of Canada (“Computershare“), as subscription receipt agent, pending satisfaction of the Escrow Release Conditions, all in accordance with the terms of the subscription receipt agreement entered into among the Company, the Underwriter and Computershare. The Company shall pay the Underwriter a cash fee equal to 6.0% of the gross proceeds of the Offering (the “Underwriting Fee“) on the satisfaction of the Escrow Release Conditions.

The proceeds shall be released from escrow, upon notice to Computershare on or prior to 5:00 pm (Calgary time) on February 28, 2023 (the “Release Deadline“), if: (i) the Company enters into a definitive credit agreement pursuant to which the Company shall receive additional financing of not less than $15 million; and (ii) the Company and the Underwriter (on its own behalf and on behalf of any syndicate) deliver such notice to Computershare confirming that the conditions set forth in (i) have been met (together, the “Escrow Release Conditions“). In the event that the Escrow Release Conditions are not met by the Release Deadline, the Escrowed Proceeds held by Computershare, plus all interest and income, if any, earned thereon, will be returned to the holders of Subscription Receipts on a pro rata basis and the Subscription Receipts will be cancelled.

The net proceeds of the Offering will be used to fund capital expenditures related to the Company’s Steveville production facilities and for general corporate purposes.

The Subscription Receipts and the Convertible Debentures and the Warrants comprising the Debenture Units will not be listed on any stock exchange, though the Company has received the conditional approval of the TSX Venture Exchange  (the “TSXV“) to list the Shares issuable upon conversion of the Convertible Debenture on the TSXV.

The Subscription Receipts and the Convertible Debentures and the Warrants comprising the Debenture Units (and any Shares issuable upon conversion or exercise thereof, as applicable) are subject to a four-month and one day statutory hold period under applicable Canadian securities laws, ending May 11, 2023.

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.

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.

For more information, please contact the Company.
Andrew Davidson
President and Chief Executive Officer
Royal Helium Ltd.
1 (306) 653-2692
[email protected]