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SASKATOON, SK, Oct. 3, 2022 /CNW/ – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. (collectively the “Underwriters“), which have agreed to purchase, on a bought deal basis, 19,231,000 units (the “Units“) of Royal at a purchase price of $0.26 per Unit (the “Offering Price“), for aggregate gross proceeds in the amount of approximately $5 million… Continue Reading

SASKATOON, SK, Sept. 21, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to report that following up on the previously announced lithium assays in Climax-1 (see news release Aug 22, 2022) 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 formation. With the more detailed 3D seismic Royal … Continue Reading

SASKATOON, SK, Sept. 20, 2022 /CNW/ – Royal Helium Ltd. (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) (“Royal” or the “Company“) is pleased to report that it has received a Competent Person’s Report (“CPR“) 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 & Gas Companies (which forms part … Continue Reading

SASKATOON, SK, Aug. 29, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) 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 will be constructing two initial facilities, the first at Steveville, Alberta and the second at Climax, Saskatchewan.  … Continue Reading

SASKATOON, SK, Aug. 22, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF)  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 the Climax-1 well, drilled in January 2021, one of the zones that we tested … Continue Reading

SASKATOON, SK, Aug. 17, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to announce that the Company has appointed Shayne Neigum as Royal’s Chief Operating Officer (“COO”) 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 position as the Company’s VP Exploration, handing the reins to Shayne.

Shayne Neigum holds a … Continue Reading

SASKATOON, SK, Aug. 17, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to announce its intention to seek a secondary listing of its common shares on the London Stock Exchange’s AIM market (“AIM”) 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 (NOMAD) on the proposed listing.

Andrew Davidson, President, and Chief Executive Officer comments, “Helium usage and its supply … Continue Reading

Initial results encouraging with significant helium shows from multiple zones

SASKATOON, SK, Aug. 16, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) 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, middle and lower Cambrian Deadwood formations. The prospective intervals will be completed and tested along with the … Continue Reading

SASKATOON, SK, July 26, 2022 /CNW/ – Royal Helium Ltd. (TSXV: RHC) (“Royal“) 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 (“SPII”) 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 applied for on an ongoing basis for eligible costs associated with expenditures such as the upcoming horizontal wells drilled into Nazare, construction of … Continue Reading

SASKATOON, SK, July 18, 2022 /CNW/ – July 18, 2022.  Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) 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 well located at 9-20-1-14W3 to a vertical depth of approximately … Continue Reading

SASKATOON, SK, July 15, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) 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. (TSXV: IHC) (“Imperial”) by way of plan of arrangement (see the news releases of Royal dated May 2 and July 12, 2022 for more details) (the “Transaction”). 

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 … Continue Reading

SASKATOON, SK, June 14, 2022 /CNW/ – Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) 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 scheduled to spud on July 10, 2022.

Stephen … Continue Reading