Royal Helium Ltd. is pleased to report that all of the component modules for the Steveville Helium Processing Facility are now on site and both the 12-12 and 10-22 helium wells are tied in. The mechanical, electrical and instrumentation contractors have been on site since mid-June installing and tying in components as they arrived and, with the final two components arriving last week, are entering the final assembly phase [...]
Royal Helium Ltd. announces that it proposes to issue an aggregate of 303,750 common shares in the capital of the Corporation to David T. Young, subject to receiving final acceptance from the TSX Venture Exchange . The Shares will be issued at a deemed price of $0.40 to Mr. Young pursuant to a Shares for Services Agreement dated March 20, 2023 between Mr. Young and the Company, subject to TSXV final approval. Mr. Young [...]
Royal Helium Ltd. announces that in accordance with the terms of the issued and outstanding $5,350,000 14.0% Senior Unsecured Convertible Debentures due December 31, 2025, issued on February 8, 2023 and the terms of a debenture indenture entered into between the Company and Computershare Trust Company of Canada dated February 8, 2023, the Company has elected to issue 822,044 common shares in the capital of the Company at [...]
Royal Helium Ltd. is pleased to announce that that its wholly-owned subsidiary, Imperial Helium Corp. , has agreed to acquire a significant new project located in the vicinity of the Company's Steveville asset in southern Alberta from an arm's-length private company . Pursuant to the terms of a purchase and sale agreement among Royal, the Vendor and Imperial Imperial has now exercised its sole and exclusive one-time [...]
Royal Helium Ltd. 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 from Steveville, on June 13th. The site preparation for the first two modules has been completed with the [...]
Royal Helium Ltd. is pleased to announce that it has awarded the remaining site installation contracts for the Steveville helium processing facility. Vise Energy Services of Lacombe, Alberta has been selected as the lead Mechanical contractor with Medallion Energy Services of Grande Prairie, Alberta as lead Electrical and Instrumentation contractor. Royal has already contracted Broersen Construction of Brooks, Alberta and [...]
Royal Helium Ltd. is pleased to announce the closing of its previously announced "bought deal" private placement of 7,300 non-transferable unsecured convertible debenture units of the Company , at an issue price of $1000 per unit for aggregate gross proceeds of $7,300,000 . The Offering was increased from the previously announced $7,000,000 as a result of excess demand. The Offering was conducted pursuant to the terms and [...]
VANCOUVER, BC, June 8, 2023 /CNW/ - The following issues have been halted by CIRO Company: Royal Helium Ltd. TSX-Venture Symbol: RHC.WT All Issues: No Reason: Pending Delisting Halt Time : 12:00 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Royal Helium Ltd. is pleased to announce that it has entered into an agreement with Eight Capital, pursuant to which Eight Capital has agreed to purchase for resale, on a bought deal private placement basis, 7,000 non-transferable unsecured convertible debenture units of the Company , with a maturity date of June 1, 2026 . Each Debenture Unit shall consist of one 12% unsecured convertible debenture in the principal amount [...]
Royal Helium Ltd. is pleased to announce that it has signed a second, multi-year, fixed price off take sales agreement with a private North American corporation. The new sales agreement is in addition to the previously announced off take and represents the remaining capacity from Royal's Steveville Helium processing facility located near the town of Brooks in southeastern Alberta, Canada. The new offtake for refined [...]
Royal Helium Ltd. is pleased to announce the appointment of Mr. Karl F. Kurz to the Board of Directors. Mr. Kurz has over forty years of energy industry experience in the public and private markets, including serving as the Chief Operating Officer for Anadarko Petroleum Corp. from December 2006 through March 2009, which was acquired by Occidental Petroleum in one of the largest merger and acquisitions in oil and gas [...]
Royal Helium Ltd. is pleased to announce the appointment of Mr. Brent Ziegler to Royal's Advisory Board as Helium Technical Lead. Mr. Ziegler is currently the Principal Consultant - Helium, Hydrogen, Machinery, and Storage at Progress Through Technology LLC. He previously worked for over 19 years at Air Products and Chemicals of Allentown, PA, in various positions, most recently as Global Helium Operations Technical [...]