Royal Helium Ltd. is pleased to announce its intention to seek a secondary listing of its common shares on the London Stock Exchange's AIM market alongside its current listing on the TSX Venture Exchange, subject to the preparation and acceptance of all the requisite documentation. The Company has engaged Strand Hanson Limited of London, UK to act as the Company's Nominated Advisor on the proposed listing. Andrew [...]
Initial results encouraging with significant helium shows from multiple zones Royal Helium Ltd. is pleased to report that its Val Marie-1 helium exploration well has reached its total depth of 2,596 metres. Mass spectrometer and gas chromatography readings encountered significant helium shows with multiple intervals ranging from 5 to 10 meters. Numerous zones will be completed and tested within the Devonian and the upper [...]
Royal Helium Ltd. is pleased to announce that the Climax/Nazare project has received approval from the Minister of Energy and Resources of the Government of Saskatchewan and the Saskatchewan Petroleum Innovation Incentive program. Under the terms of the approval, Royal can receive up to $4,227,185 in Royalty Tax Credits based on eligible project costs incurred to date at Nazare. Additional Royalty Tax Credits will be [...]
Royal Helium Ltd. and Imperial Helium Corp. announce the closing of the previously announced acquisition of Imperial by Royal pursuant to a plan of arrangement under the provisions of the Business Corporations Act . Pursuant to the Arrangement, Royal acquired all of the issued and outstanding common shares in the capital of Imperial in exchange for common shares in the capital of Royal on the basis of 0.614 of a Royal [...]
July 18, 2022. Royal Helium Ltd. is pleased to announce that it has begun drilling its first well in the Val Marie field located in southwestern Saskatchewan near the Canada-US border. Val Marie-1 is located on the southernmost of three large land blocks in the Val Marie field which encompasses 13,000 hectares of the Canadian portion of the Bowdoin Dome. Royal contracted Stampede Drilling to drill the directional helium [...]
Royal Helium Ltd. is pleased to announce that the Supreme Court of British Columbia issued a final order approving the previously announced acquisition by the Company of Imperial Helium Corp. by way of plan of arrangement . The Transaction remains subject to final approval by the TSX Venture Exchange and the satisfaction or waiver of conditions to closing. Following completion of the Transaction, the common shares of [...]
Royal Helium Ltd. is pleased to announce that Imperial Helium Ltd. received the overwhelming approval of its holders of common shares and preferred shares at the Imperial special meeting held today to consider the previously announced acquisition of Imperial by Royal by way of a statutory plan of arrangement under the Business Corporations Act . Imperial will now be seeking a final order of the British Columbia Supreme [...]
Royal Helium Ltd. is pleased to announce that the Company has received the comprehensive simulation study for multistage hydraulically fractured horizontal wells completed by Dr. Gary Zhao, P.Eng., Petroleum Systems Engineering, University of Regina. Over 600 simulations were run with multiple variables, using the data from Royal's DST and DFIT operations in the Climax-4 well. Royal is currently evaluating several of the [...]
Royal Helium Ltd. is pleased to announce that it has received the final results on its seismic program at Val Marie. The program, which consisted of 35 kilometers of both newly acquired and purchased trade data has identified a series of large structural features, from which Royal has selected its initial drill target as well as five additional high priority targets. The initial well at Val Marie has been permitted and is [...]
SASKATOON, SK and CALGARY, AB, May 2, 2022 /CNW/ - Royal Helium Ltd. and Imperial Helium Corp. are pleased to announce that they have entered into an agreement dated May 2, 2022 to effect the arm's length acquisition of Imperial by Royal through a plan of arrangement . Under the terms of the Arrangement, Imperial Shareholders will receive 0.614 of a Royal common share for each Imperial common share held, which equates to [...]
Royal Helium Ltd. is pleased to announce that, further to its news release of February 16, 2022, the Company has engaged Dr. Gary Zhao, of the University of Regina's Petroleum Systems Engineering Laboratory, to construct simulation development models for the Nazare zone at Royal's Climax helium project located in SW Saskatchewan. The modelling program will be used to determine the drill design and completion method to [...]
Royal Helium Ltd. announces that it has initiated two seismic programs in southwestern Saskatchewan, along with its seismic and geophysical contractor, RPS Energy Canada. 39 square kilometers of 3D seismic will be conducted over the central portion of Climax to detail and extend the deeper Nazare zone as well as further delineate and differentiate the overlying Devonian conventional zones hit in Climax 1 - 4. An [...]
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