Royal Helium Ltd. is pleased to announce that it has executed a term sheet with an arm's length lender to provide a USD $20 million three-year credit facility. In accordance with the term sheet, an initial draw on the facility in the amount of USD $10 million will be advanced to the Company upon closing, which is anticipated to occur on or about December 12, 2022. Proceeds will be used for development and production [...]
Royal Helium Ltd. announces that further to its C$7,000,500 bought deal financing that closed on October 13, 2022, the syndicate of underwriters led by Cormark Securities Inc. and including Eight Capital and Haywood Securities Inc., have exercised the remainder of their over-allotment option to acquire 3,050,768 units of the Company at a purchase price of C$0.26 per Over-Allotment Unit for total gross proceeds to the [...]
Royal Helium Ltd. announces that it has completed its previously announced bought-deal financing of C$7,000,500 led by Cormark Securities Inc. and including Eight Capital and Haywood Securities Inc. . The Underwriters exercised the first tranche of the over-allotment option amounting to C$256,875.32 for total gross proceeds to the Company of C$7,257,375.32. The total number of units of the Company issued under the [...]
Royal Helium Ltd. is pleased to report that it has awarded a construction contract to Arjae Design Solutions Ltd of Nisku, Alberta to build and commission the Steveville 14-12 Helium Recovery Plant to be located approximately 40 km north of Brooks in southeastern Alberta. Site preparation works have been initiated and procurement of long lead items has started. The plant's operating throughput will be in the range of [...]
Royal Helium Ltd. is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. , to increase the size of its previously announced bought deal public offering of units. The Company will now issue 26,925,000 units of Royal at a price of $0.26 per Issued Unit, for gross proceeds to the Company of approximately $7 million . Royal has granted to the [...]
/Not for distribution to United States newswire services or for dissemination in the United States/ Royal Helium Ltd. is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. , which have agreed to purchase, on a bought deal basis, 19,231,000 units of Royal at a purchase price of $0.26 per Unit , for aggregate gross proceeds in the amount of [...]
Royal Helium Ltd. is pleased to report that following up on the previously announced lithium assays in Climax-1 it has also sampled up to 81.3 Mg/L lithium brine at Climax-2 on Royal's Climax helium land block located approximately 160 km south of Swift Current in southwest Saksatchewan. Climax-2 is approximately 2.7 kilometers southeast of Climax-1 with both wells testing the lithium bearing brine zone within the Duperow [...]
Royal Helium Ltd. is pleased to report that it has received a Competent Person's Report from GLJ Ltd. of Calgary, Alberta, Canada, dated August 19, 2022, with an effective date of July 31, 2022, which provides an independent resources assessment and evaluation of Royal's material helium assets to date. This CPR has been compiled in accordance with the guidelines and scope as set out in the AIM Note for Mining and Oil [...]
Royal Helium Ltd. is pleased to announce the results of the Company's annual general and special meeting of shareholders which was held today. All matters presented to shareholders for approval as set out in the Company's notice of meeting and management information circular dated September 14, 2022 were approved by an overwhelming majority of the votes cast for the Meeting. Resolutions approved were to fix the number of [...]
Royal Helium Ltd. is pleased to announce that it has entered into a long-term agreement with a major North American space launch company for the supply of helium. Initial deliveries under the supply agreement will commence in 2023. Royal is also pleased to announce that with the engineering of its initial processing facilities largely complete, supply and construction contracts are currently being awarded. The Company [...]
Royal Helium Ltd. is pleased to report that it has sampled up to 84.9Mg/L lithium in brine underlying the Climax helium project. Accordingly, the Company has provided notice to the Province of Saskatchewan that it intends to acquire the lithium mineral rights, with the intent to advance a lithium brine project alongside the ongoing helium development operations. Andrew Davidson, President and CEO of Royal comments: "In [...]
Royal Helium Ltd. is pleased to announce that the Company has appointed Shayne Neigum as Royal's Chief Operating Officer and Head of Exploration. Shayne has worked closely with Stephen Halabura in identifying and acquiring Royal's key helium land positions and prospects since 2017 and has executed the drilling and completion operations on all of Royal's wells to date. Stephen Halabura will be stepping down from his [...]
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