Royal Helium Ltd. reports that the Climax-1 helium exploration well which spudded January 6th has been drilled to its target depth of 2,600m. Production casing has been run, cemented in place and the Savanna 419 drill has mobilized to the Climax 2 drill site. A service rig is being mobilized to site for completion and testing the zones of interest through casing which is anticipated to take 3-4 weeks. The Climax-1 well [...]
Royal Helium Ltd. has approved the grant of 4,800,000 incentive stock options pursuant to the Company's stock option plan effective January 11, 2020. 3,000,000 of the options were granted to Directors and Executive Officers, with the balance being granted to consultants. The options are exercisable at $0.44 per share and, if not exercised, expire January 10, 2026, subject to earlier expiration in accordance with the stock [...]
Royal Helium Ltd. is pleased to announce the commencement of its initial three well drilling program at its Climax Helium project. The wells, beginning with the Climax-1 helium well which spudded early this morning, are targeting a 4-way structural closure identified and delineated by 2D seismic and the triaxial magnetic survey conducted in July 2020 over the central portion of the Company's Climax land block. The [...]
Royal Helium Ltd. announces that it has increased and closed the brokered private placement of units announced on November 30 and December 9, 2020 . The Offering raised gross proceeds of $6,150,000, inclusive of the full exercise of the agent's option to increase the size of the Offering. The lead agent and sole bookrunner on the offering was Cormark Securities Inc., and included syndicate partners Clarus Securities Inc [...]
Royal Helium Ltd. is pleased to announce that the Company and a syndicate of agents led by Cormark Securities Inc. have agreed to increase the size of its minimum offering previously announced on November 30, 2020 to $5.0 Million in response to strong interest from both institutional and retai1 investors. Andrew Davidson, President and CEO of Royal states, "We are very pleased with the initial interest in our financing [...]
Nov. 30, 2020 /CNW/ - Royal Helium Ltd. has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Clarus Securities Inc., Echelon Wealth Partners Inc., Eight Capital Corp. and Richardson Wealth Ltd. for a best-efforts private placement of a minimum of 16,000,000 units at a price of $0.25 per Unit, for minimum gross proceeds of $4 million . The Company has also granted the [...]
Royal Helium Ltd. 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 October 30, 2020, were approved by the requisite majority of votes cast at the Meeting. Approved items were as follows: the number of directors was set at five , the [...]
Royal Helium Ltd. is pleased to announce that the engineering and scoping study for a large-scale industrial gas polygeneration facility, located in Saskatchewan, has been initiated by Royal and will be conducted by the Saskatchewan Research Council . The Study is Royal's first step in determining the economic potential of a large-scale facility for the separation and monetization of the gas streams associated with helium [...]
Royal Helium Ltd., reports that is has received permits for an additional 32,166 hectares or 321 square km of helium land in the southeastern half of Royal's Saskatchewan landholdings where the total helium lease and permit land now total approximately 4,320 square km. Approximately 173 square km was added to the Bengough project, and 148 square kilometers in Pangman. The Pangman ground adjoins and now makes the Ogema and [...]
Royal Helium Ltd., reports that is has received the final analysis from the triaxial magnetic survey conducted over its Climax helium permit lands located in south western Saskatchewan. The program successfully produced datasets and images that refine drill targets over the large structural features delineated in the 2019 seismic survey. This is the first of several closure targets at Climax that will be subject to a [...]
Royal Helium Ltd., announces that it has appointed Mr. Sylvain Laberge to its board of directors, effective July 17, 2020. Mr. Laberge has had a long and distinguished career in the junior resource sector, focusing on both management, investor relations and financing. Based in Montreal, QC, Mr. Laberge will play a key role in corporate strategy as Royal moves towards drilling on its helium projects in Saskatchewan. Mr [...]
Royal Helium Ltd., announces that, after the successful completion of its oversubscribed private placement, it has resumed its drill target identification program in southeast Saskatchewan. With an initial focus in southeast Saskatchewan on the Bengough area, Royal has re-processed 50.36 km2 of 3D seismic, which was acquired in 2017. The re-interpretation was completed to gain an understanding of regional basement [...]
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