Royal Helium Begins Transporting Helium Processing Plant to Steveville Site
June 14, 2023
Saskatoon, SK, June 14, 2023 – Royal Helium Ltd. (TSXV: RHC) (OTCQB: RHCCF) ("Royal" or the "Company") is pleased to announce that the initial modules of the Steveville Helium Processing Facility have started shipping to site. Rangeland Trucking and Cranes of Airdrie, Alberta began shipping the initial two modules to site from Arjae Design Solutions’ fabrication facility, approximately 475 kilometers (295 miles) from Steveville, on June 13th. The site preparation for the first two modules has been completed with the balance of site preparation to be completed by end of week. The remainder of the modules will ship over the next several weeks.
Andrew Davidson, President & CEO of Royal states “This is an exciting day for all stakeholders who have been involved with Royal over the past few years. This is a significant milestone for the Company as we approach first production.”
Royal will continue to provide updates as the shipping and installation continues.
Steveville Helium Processing Plant
The Steveville plant is designed to process 15,000,000 cubic feet/day of raw gas fed by the two 100% owned helium wells at Steveville, Alberta and produce 22,000 mcf of 99.999% helium per year. The engineered life of the plant is 25 years while both wells are expected to remain on stream for a minimum of 9 years. The plant will also produce enough fuel gas to power the plant and up to 22,000,000 pounds of commercial CO2, which provides for a potentially significant secondary cash flow stream to Royal.
About Royal Helium Ltd.
Royal is an exploration, production, and infrastructure company with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Given the current and foreseeable global undersupplied nature of this critical and non-renewable product, Royal is well positioned to be a leading North American producer of this increasingly 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 90% less carbon intensive than helium extraction processes in other jurisdictions.
President and Chief Executive Officer
Royal Helium Ltd.
For more information, please contact the Company.
VP Investor Relations
1 (604) 723-0710
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.