Royal Helium Ltd. is pleased to announce the appointment of Mr. David T. Young as Executive Vice-President & Head of US Operations. Mr. Young has more than 20 years of experience as an investor, advisor and operator across a range of industries. For over a decade, Mr. Young has operated with a primary focus on the natural resources space where he has invested in and advised upstream development and midstream operations [...]
Royal Helium Ltd. is pleased to report that it has taken its first drawdown of CAD $5 million from its CAD $17.5 million debt facility provided by Canadian Western Bank and the Business Development Bank of Canada . Based on the binding letter agreements , final indenture agreements have now been signed by all counter parties and the staged commitments towards the Steveville plant have begun. Andrew Davidson President and [...]
Royal Helium Ltd. announces that it proposes to issue an aggregate of 1,069,383 common shares in the capital of the Corporation subject to receiving acceptance from the TSX Venture Exchange . The Company announces that it proposes to issue 297,794 Common Shares at a deemed issue price of $0.34 to David T. Young pursuant to a Shares for Services Agreement dated January 24, 2023 between Mr. Young and the Company, subject to [...]
Royal Helium Ltd. is pleased to announce the appointment of Mr. Brian Weston of Calgary, Alberta to Royal's Advisory Board. Mr. Weston has held numerous senior and executive positions with some of Canada's largest oil and gas corporations and has over 40 years of industry experience. Most recently Mr. Weston was Vice President of Mineral Land at Ovintiv Inc. until his retirement in 2020. Andrew Davidson President and CEO [...]
Royal Helium Ltd. is pleased to announce that binding commitment letters have been received and signed with the Business Development Bank of Canada and Canadian Western Bank acting pari passu for a non-revolving credit facility in the amount of CAD $15 million . Proceeds of the Credit Facility will be used for the development and construction of production facilities currently under construction for the Steveville helium [...]
Royal Helium Ltd.Royal Helium Ltd. is pleased to announce that it has signed an agreement with Guardyan Conservation Corp. 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 [...]
Royal Helium Ltd. 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 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 [...]
Royal Helium CEO Andrew Davidson told Proactive that the company has agreed a tolling services agreement with Colorado-based Tumbleweed Midstream LLC. Davidson explained that Tumbleweed will process the company's 99.999% gaseous helium at its Ladder Creek Liquefaction Facility into liquid helium. This is key because gaseous helium cannot be stored or transported over long distances. Contact Details Proactive Canada [...]
Royal Helium Ltd. is pleased to announce that it has signed a tolling services agreement with Tumbleweed Midstream LLC, of Colorado under which Tumbleweed will process Royal's 99.999% gaseous helium at its Ladder Creek Liquefaction Facility 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 [...]
Royal Helium Ltd. is pleased to announce the closing of its previously announced "bought deal" private placement of 5,500 non-transferrable subscription receipts at an issue price of $1000 per Subscription Receipt for aggregate gross proceeds of $5,500,000 . The Offering was led by Eight Capital . Each Subscription Receipt is convertible into one unsecured convertible debenture unit of the Company , upon the completion of [...]
Royal Helium Ltd. is pleased to announce that it has signed term sheets with the Business Development Bank of Canada and a Schedule 1 Bank, acting pari passu for a non-revolving credit facility in the amount of C$15,000,000. The loans bears interest at a rate of 3.00% above the bank's Prime Lending Rate . Proceeds of the Credit Facility will be used for development and production facilities currently under construction [...]
Royal Helium Ltd. has approved the grant of 6,090,000 incentive stock options pursuant to the Company's stock option plan effective September 14, 2022. 4,590,000 of the options were granted to Directors and Executive Officers, with the balance being granted to employee and consultants. The options are exercisable at $0.26 per share and, if not exercised, expire December 1, 2027, subject to earlier expiration in accordance [...]
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