Royal Helium Ltd. announces today that Royal and its subsidiaries, Royal Helium Exploration Limited and Imperial Helium Corp. , have cancelled the previously announced proposed private placement offering of debenture units of the Company previously announced on December 2, 2024 . On January 20, 2025, the Company announced its notice of intention to make a proposal under the Bankruptcy and Insolvency Act . The Company had [...]
Royal Helium Ltd. announced today that Royal and its subsidiaries, Royal Helium Exploration Limited and Imperial Helium Corp. , filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act . The Company has been actively pursuing an out-of-court restructuring solution, which included, among other things, initiatives to raise additional capital to meet working capital needs, creditor obligations [...]
Royal Helium Ltd. announces that in accordance with the terms of the two separate debenture indentures entered into between the Company and Computershare Trust Company of Canada dated February 8, 2023 and dated June 12, 2023 , the Company has elected to issue an aggregate of 19,446,667 common shares in the capital of the Company at a price of $0.030 to the holders of the 14.0% Senior Unsecured Convertible Debentures due [...]
Royal Helium is pleased to announce that it intends to complete a non-brokered private placement offering of up to 13,520 convertible debenture units of the Company at a price of $1,000 per Debenture Unit. Up to 4,500 of the Debenture Units will be issued to new investors for aggregate gross proceeds to Royal of up to $4,500,000; additionally up to 9,020 Debenture Units will be issued to Existing Debentureholders of the [...]
Royal Helium Ltd. announces the commencement of a strategic repositioning process and a series of leadership changes, with an enhanced focus on maximizing long-term shareholder value. Strategic Repositioning Process In connection with the strategic repositioning process, the Company has recently formed a Technical Committee comprised of Martin Wood, industry expert Brent Ziegler, and board member Karl Kurz. The [...]
Royal Helium Ltd. announces that Andrew Davidson has resigned his position as Chief Executive Officer and as a Director of the Company for personal reasons. Effective immediately Mr. David Young has assumed the role of Chief Executive Officer and has been appointed to the board of directors of Royal. Non-Executive Chair John Pringle stated: "I want to thank and extend gratitude to Andrew for his years of service, as well [...]
Royal Helium Ltd. wishes to comment on recent trading activity with the Company, including insider activity. On August 7th and 8th, two insiders of the Company sold stock for personal reasons. The timing of the sales corresponds with the expiry of a standstill agreement in place from the bought deal financing . Royal confirms that it has no material undisclosed information and that the insider sales in question are [...]
Royal Helium Ltd. reports further to news releases of May 31st and June 17th, 2024, that the 12th and 13th helium trailer sales took place this week from Royal's Steveville helium purification facility, located near Brooks, Alberta. The Company continues to ramp up production at the Steveville purification facility towards nameplate capacity of 15 million cubic feet of raw gas per day. Andrew Davidson, CEO, comments, "We [...]
Royal Helium Ltd. announces that in accordance with the terms of the two separate debenture indentures entered into between the Company and Computershare Trust Company of Canada dated February 8, 2023 and dated June 12, 2023 , the Company has elected to issue an aggregate of 8,448,929 common shares in the capital of the Company at a price of $0.078 to the holders of the 14.0% Senior Unsecured Convertible Debentures due [...]
Royal Helium Ltd. is pleased to announce that it has engaged Progress Through Technology LLC in 6-month contract to drive operations efforts to ramp up, fine tune and stabilize production at the Steveville Helium Purification Plant located near Brooks in southern Alberta. PTT is a leading technical and operations consultancy for asset lifecycle optimization and is well recognized for its contributions within the helium [...]
Royal Helium Ltd. is pleased to report that it has now shipped both the 10th and 11th purified helium trailers from the Steveville helium purification facility, located near Brooks, Alberta. The Steveville facility continues to ramp up capacity and is experiencing both growth in throughput rate and more consistency in run-time. On the inlet side, the production zones of the reservoir are flowing as projected with helium [...]
Royal Helium Ltd. is pleased to announce that it has begun licensing and permitting for the Forty Mile #1 exploratory helium well at the Forty Mile project in southeastern Alberta. Acquired under a seismic review option agreement with an independent private vendor, the Forty Mile project is comprised of 7,000 acres and hosts one historic well that was drilled and tested in various horizons. The results of the original [...]
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