Annuncio • Jan 25
Royal Helium Ltd. Announces Resignation of Karl Kurz's from its Board Royal Helium Ltd. announced that it has accepted Karl Kurz's resignation from the board with immediate effect. Annuncio • Dec 03
Royal Helium Ltd. announced that it expects to receive CAD 4.5 million in funding Royal Helium Ltd. announced a non-brokered private placement on December 2, 2024. The company will issue up to 4,500 convertible debenture units at a price of CAD 1,000 per debenture unit for gross proceeds of CAD 4,500,000. Each debenture unit will consist of 1,000 20% senior unsecured convertible debentures having a face value of CAD1.00, convertible into common shares at a conversion price of CAD0.05 per common share, with a maturity date three years from the closing date; and 20,000 common share purchase warrants. Each Warrant entitles the holder thereof to purchase one common share at CAD0.05 per share for a period of three years following the closing date. The closing of the Offering is expected to occur on or about December 11, 2024. New Risk • Nov 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.5m (US$8.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$22m free cash flow). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (CA$12.5m market cap, or US$8.97m). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (34% increase in shares outstanding). Revenue is less than US$5m (CA$1.6m revenue, or US$1.1m). Annuncio • Sep 10
Royal Helium Ltd. Announces Board Changes Effective immediately, Royal Helium announced the departure of two original Board members, John Pringle, the historical Chairman, and Sylvain Laberge have resigned from their Board roles. The Company announced that Martin Wood will be taking over as Chairman of the Board. Martin has more than 30 years' experience in the resource industry as both a financier and operator, having served as CEO for a publicly listed resource development company and more recently in the roles of Chair, Deputy Chair and Senior Independent Non-Executive Director for a number of resource focused public companies. Recent Insider Transactions • Aug 08
President recently sold CA$71k worth of stock On the 6th of August, David Young sold around 1m shares on-market at roughly CA$0.065 per share. This transaction amounted to 77% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by CA$107k. New Risk • Jun 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$29m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$29m free cash flow). Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m (CA$881k revenue, or US$643k). Minor Risks Shareholders have been diluted in the past year (43% increase in shares outstanding). Market cap is less than US$100m (CA$24.5m market cap, or US$17.8m). Annuncio • May 09
Royal Helium Ltd. has completed a Composite Units Offering in the amount of CAD 6.00003 million. Royal Helium Ltd. has completed a Composite Units Offering in the amount of CAD 6.00003 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 66,667,000
Price\Range: CAD 0.09
Discount Per Security: CAD 0.0054
Security Name: Units
Security Type: Equity/Derivative Unit
Price\Range: CAD 0.09
Discount Per Security: CAD 0.0027 Annuncio • Jan 11
Royal Helium Ltd. Announces Resignation of Samuel "Kyler" Hardy as Director Royal Helium Ltd. announced that Samuel "Kyler" Hardy has resigned as a Director of the Company effective January 10, 2024 and the Board has accepted his resignation. Annuncio • Jan 08
Royal Helium Appoints David Young as President Royal Helium Ltd. announced the appointment of David Young to the position of President. Mr. Young was previously serving in the capacity of Executive Vice President and Head of U.S. Operations. Annuncio • Dec 15
Royal Helium Ltd. announced that it has received CAD 5.175 million in funding On December 14, 2023, Royal Helium Ltd. closed the transaction. The company issued 2,812,500 units for gross proceeds of CAD 675,000 in its second and final tranche. Each warrant shall entitle the holder thereof to purchase one common share until November 14, 2026. The company paid a cash commission of CAD 40,500 as well as 168,750 broker warrants. Each broker warrant is exercisable to acquire one unit for CAD 0.24 and exercisable on or before November 14, 2026. Annuncio • Nov 09
Royal Helium Ltd. Marks Start of Commercial Sales with First Trailer Loading Underway Royal Helium Ltd. announced that the Company has commenced loading purified helium into specialized ISO trailers at its Steveville helium purification facility, marking the start of commercial sales from its facility located in Southeastern Alberta. Volumes from this first facility commences fulfillment of the Company's offtake agreement with its major North American aerospace customer, which has contracted to purchase Steveville facility volumes over the next several years. These existing offtake agreements, established over the past two years, deliver volumes at an average price that exceeds USD 500 per mcf. Given the increasing demand for purified helium combined with the current geopolitical backdrop further constraining supply of key resources, Royal Helium anticipates a robust pricing environment for the foreseeable future. Royal Helium's high margin production activities and corresponding operating cash flow will be supportive of the Company's plans to add several additional purification facilities in the upcoming calendar year. The Company is in discussions with numerous parties interested in establishing offtake agreements relating to its forthcoming facilities. Royal Helium looks forward to establishing additional, strong and long-term relationships with key industry players who require helium in support of critical industries, including healthcare, chip manufacturing, aerospace, and others. New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (CA$72.6m market cap, or US$52.7m). Annuncio • Nov 08
Royal Helium Ltd. announced that it expects to receive CAD 3 million in funding Royal Helium Ltd. announced a private placement to issue 12,500,000 units at a price of CAD 0.24 per unit for the gross proceeds of up to CAD 3,000,000 on November 7, 2023. Each unit shall be comprised of one common share of the company and one purchase warrant of the company. Each warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.31 for a period of 36 months from the closing of the offering. The company has granted the Underwriters an option to increase the size of the offering by up to 15% of the number of units by giving written notice of the exercise of the Underwriters’ Option, or a part thereof, to the company at any time up to 48 hours prior to the closing of the offering. The transaction is expected to close on or about November 13, 2023. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Annuncio • Oct 13
Royal Helium Ltd. Completes Facility Commissioning and Announces the Start-Up of the Steveville Helium Purification Facility Royal Helium Ltd. announced that the Company has completed commissioning of its Steveville helium purification facility and has commenced the start-up of the facility located in southeast Alberta near the town of Brooks. The Steveville plant is engineered to process 15,000 mcf/day of raw gas fed by two of the 100% owned helium wells at Steveville with an output capacity of approximately 22,000 mcf of 99.999% helium per year. The production capacity of this facility fully delivers on the 3-year purchase commitments from Royal's two offtake partner agreements in the major North American aerospace and space launch industries at an average price of USD 538 per mcf (th thousand cubic feet) helium (CAD 730/mcf). Of economic significance, the facility at Steveville has an ultra-low operating cost due to it being self-powered by fuel gas co-produced from the two helium wells. Royal's 100% owned purification facility was purpose built to recover 99.999% helium while setting the highest standards for environmental efficiencies and producing an exceptionally low carbon footprint. Substantially all of the gas purified at the facility is inert and can be captured in purified form at the facility, providing additional potential cash flow streams. Until the biproduct gases are captured and sold, they are vented with virtually zero impact to the environment, given the gas's completely inert nature. The limited ancillary methane gas produced is recycled back into the facility to power its own operations, with the ability to generate excess power which will be distributed back into the electrical grid, providing additional economics to Royal. The Steveville plant will materially benefit from carbon credits, generated under the Technology Innovation and Emissions Reduction System ("TIER system") in Alberta. As these carbon credits are monetized it will have the ability to provide Royal shareholders with a material additional cash flow stream. New Risk • Sep 03
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CA$28m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$28m). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$78.8m market cap, or US$57.9m). Annuncio • Aug 22
Royal Helium Reports That Final Assembly and Commissioning of the Steveville Helium Processing Plant Is Underway Royal Helium Ltd. reported 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 and preliminary commissioning. Further updates will be provided once the plant is fully commissioned and processing gas. The Steveville plant is designed to process 15,000,000 cubic feet/day of raw gas fed by the two 100% owned helium wells at Steveville, Alberta and produce 22,000 mcf of 99.999% helium per year. The engineered life of the plant is 25 years while both wells are expected to remain on stream for a minimum of 9 years. The plant will also produce enough fuel gas to power the plant and up to 22,000,000 pounds of commercial CO2, which provides for a potentially significant secondary cash flow stream to Royal. Annuncio • Aug 01
Royal Helium Ltd., Annual General Meeting, Oct 03, 2023 Royal Helium Ltd., Annual General Meeting, Oct 03, 2023. Annuncio • Jun 14
Royal Helium Ltd. announced that it has received CAD 7.3 million in funding On June 12, 2023, Royal Helium Ltd. closed the transaction. The company has amended the terms of the transaction. The company has issued 7,300 non-transferable unsecured convertible debenture units of the company at an issue price of CAD 1,000 per unit for aggregate gross proceeds of CAD 7,300,000 in the transaction. The transaction included participation from management and the board of directors for over 10% of the offering. Each debenture unit consists of one 12% unsecured convertible debenture in the principal amount of CAD 1,000 with a maturity date of June 30, 2025 and 2,703 common share purchase warrants. Each warrant shall entitle the holder thereof to purchase one common share of the company, at an exercise price of CAD 0.4 per warrant share for a period of 36 months. The convertible debentures will be convertible at the holder's option into shares at any time prior to the close of business on the earlier of the business day immediately preceding the maturity date and the date fixed for redemption of the convertible debentures at a conversion price of CAD 0.37 per share. Interest on the convertible debentures will accrue commencing on June 12, 2023, at a rate of 12% per annum and shall be payable semi-annually in arrears, beginning on December 31, 2023. At the company's option, provided no event of default has occurred and is continuing and provided all applicable regulatory approvals have been obtained, interest may be paid in cash or paid-in-kind through the issuance of freely tradable shares. The number of shares to be issued in satisfaction of the company's interest obligation shall be calculated based on the VWAP of the shares for the two trading days immediately prior to, and the two trading days immediately following the notice from the company that it has elected to satisfy its interest obligations in shares. The convertible debentures and the warrants comprising the debenture units will not be listed on any stock exchange, though the company has received the conditional approval of the TSX Venture Exchange to list the shares issuable upon conversion of the convertible debentures and exercise of the warrants on the TSXV. The convertible debentures and the warrants comprising the debenture units are subject to a four-month and one day statutory hold period under applicable Canadian securities laws, ending October 13, 2023. Annuncio • Jun 02
Royal Helium Ltd. announced that it expects to receive CAD 7 million in funding from Eight Capital Partners Plc Royal Helium Ltd. announced a bought deal of convertible debenture private placement of 7,000 non-transferable unsecured convertible debenture for the gross proceeds of CAD 7,000,000 on June 2, 2023. The transaction will include participation from returning investor Eight Capital Partners Plc. Each Debenture Unit shall consist of one 12% unsecured convertible debenture in the principal amount of CAD 1,000 with a maturity date of June 1, 2026 and 2,703 common share purchase warrants. Each Warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.40 per Warrant Share for a period of 36 months. The Convertible Debentures will be convertible at the holder's option into Shares at any time prior to the close of business on the earlier of the business day immediately preceding the Maturity Date and the date fixed for redemption of the Convertible Debentures at a conversion price of CAD 0.37 per Share. The securities will be subject to a statutory hold period in Canada of four months and one day following the closing date. The offering is subject to normal regulatory approvals, including approval of the TSX Venture Exchange, and is expected to close on or about June 9, 2023. Annuncio • May 27
Royal Helium Ltd. Appoints Karl F. Kurz to the Board of Directors Royal Helium Ltd. announced 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 Anadar ko Petroleum Corporation from December 2006 through March 2009, which was acquired by Occidental Petroleum (OXY: NYSE) in one of the largest merger and acquisitions in oil and gas history for USD $55 billion in 2019. In that role, Mr. Kurz had responsibility for global exploration and production, marketing, midstream, land, technology, and engineering services. Karl joined Anadarko in 2000 and held various leadership positions in the marketing, midstream, exploration, and production areas. Mr. Kurz currently serves on the public boards of several multi-billion-dollar corporations, Devon Energy,Texas Pacific Land Corp. and American Water Works (AWK: NYSE) where he is the non-executive independent Chairman of the Board. More recently, Karl was an operating adviser with Ares Capital, a leading specialty finance company, providing support on prospective and existing energy transactions. Karl was also a Managing Director with CCMP Capital Advisors, LLC and Co-Head of the Energy Group from September 2009 to September 2012. CCMPCapital Advisors is a leading global private equity firm specializing in buyouts and growth equity investments in companies ranging from$500 million to more than $3 billioninsize. Mr. Kurz began his career with ARCO Oil &Gas Company in 1983 and spent the early portion of his career in various upstream, marketing, and midstream roles. He holds a Bachelor of Science in petroleum engineering from Texas A&M University, graduating Magna Cum Laude in 1983. He is also a graduate of Harvard's Advanced Management Program in 2008. Annuncio • May 05
Royal Helium Ltd. Appoints Brent Ziegler to Advisory Board as Technical Lead Royal Helium Ltd. announced 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 ("Air Products") of Allentown, PA, in various positions, most recently as Global Helium Operations Technical Manager. Mr. Ziegler received a Bachelor of Science in Mechanical Engineering from Pennsylvania State University. Amongst his helium and industrial gas experience and technical proficiencies: Technology lead for the world's largest Helium Salt Dome Storage Cavern. Extensive operational and design experience with gas processing equipment for extraction, purification, liquefaction, and delivery including process machinery, cryogenic distillation, partial condensation, pressure swing absorption, temperature swing absorption, membranes, chillers, dryers, acid gas sweetening, oil removal systems, guard beds, cold traps, gas bags, and transportation systems. Provided technical expertise on new projects and in support of existing operating facilities worldwide including over one dozen helium liquefiers from the five major commercial scale suppliers, multiple upgraders, and numerous other large scale helium systems. Annuncio • Jan 24
Royal Helium Ltd. Begins 2023 Exploration Programs with High Resolution Aeromagnetic Survey in Sw Saskatchewan Royal Helium Ltd. announce that it has initiated its 2023 exploration program in southwest Saskatchewan by flying approximately 5,960 line-kilometers of proprietary High Resolution Aeromagnetic (HRAM) data over its Cadillac and Swift Current helium properties in southwestern Saskatchewan. The Cadillac survey will cover approximately 4,800 line-kilometers and is designed to refine the basement structural architecture and identify drill targets correlating with historical seismic anomalies, known economic helium shows and current helium producing pools. The Cadillac survey is an extension of the previously acquired HRAM survey flown over Climax in 2019 and is aimed at expanding the known helium fairway approximately 75 km north to Cadillac. The Swift Current HRAM survey will be approximately 1,160 line-kilometers in an area that has current helium production, and several historically mapped, deep-seated basement structures around the Wilhelm helium pool extending onto Royal's property. Royal's exploration programs for the year include target reconnaissance, exploration, and drilling on all three main permit areas, SW Saskatchewan, SE Saskatchewan and Alberta. Details of each program will be announced as they are finalized. Annuncio • Jan 11
Royal Helium Ltd. announced that it has received CAD 5.5 million in funding from Eight Capital Partners Plc On January 10, 2023, Royal Helium Ltd. closed the transaction. The transaction included participation from lead investor Eight Capital Partners Plc. The subscription receipts and the convertible debentures and the warrants comprising the debenture units will be subject to a statutory hold period in Canada for ending May 11, 2023. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Director Jeff Sheppard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Director Jeff Sheppard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 14
Royal Helium Ltd. has completed a Composite Units Offering in the amount of CAD 7.257375 million. Royal Helium Ltd. has completed a Composite Units Offering in the amount of CAD 7.257375 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 27,912,982
Price\Range: CAD 0.26
Discount Per Security: CAD 0.0156
Transaction Features: Rule 144A Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Director Jeff Sheppard was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 22
Royal Helium Samples 81.3 Mg/L Lithium in Brine At Climax-2 Royal Helium Ltd. 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 formation. With the more detailed 3D seismic Royal conducted this year, it is believed that the Climax-2 lithium brine zone is an extension of the same pool found in Climax-1 and appears to extend well beyond the current 3D coverage area which will be expanded and tested in upcoming programs. Further engineering and analysis will be conducted once the Climax mineral rights are granted. The Climax project is approximately 60,000 hectares in size, which would make for one of the largest lithium exploration projects in Western Canada. The Company will explore all options for developing the lithium project, such that the focus of the Company will remain on exploiting the helium already discovered at Climax and elsewhere. Annuncio • Aug 23
Royal Helium Ltd. Samples 84.9 Mg/L Lithium in Brine At Climax Royal Helium Ltd. reported 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. Royal will provide a further update as and when the mineral rights are granted by the Government of Saskatchewan. Under the provisions of mineral tenure ownership, Royal is the only party who can be granted rights over the zone of interest in the Climax area, as competing rights over the same zones cannot be granted. The Climax project is approximately 60,000 hectares in size, which would make for one of the large lithium exploration projects in Western Canada. The Company will explore all options for developing the lithium project, such that the focus of the Company will remain on exploiting the helium already discovered at Climax and elsewhere. Annuncio • Aug 17
Royal Helium Reaches Total Depth At Val Marie-1 Helium Well Royal Helium Ltd. 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 Ogema testing this fall. Royal looks forward to providing further updates and results as completions and testing are concluded. Annuncio • Jul 27
Royal Helium Ltd. to Receive First Royalty Credit from the Government of Saskatchewan Royal Helium Ltd. announced 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 processing facilities, and all other applicable programs into the future. Royal anticipates receiving the first credits during the current quarter, with the remainder to come as the project continues to advance. The royalty tax credits are readily transferable and salable within the province. Any transfers and/or sales will be reported in Royal's quarterly financial statements. Annuncio • Jul 26
Royal Helium Ltd., Annual General Meeting, Sep 14, 2022 Royal Helium Ltd., Annual General Meeting, Sep 14, 2022. Annuncio • Jul 19
Royal Helium Ltd. Spuds Val Marie-1 Helium Well Royal Helium Ltd. announced 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 2,600 meters. The Company anticipates drilling operations will take approximately 2 weeks to be followed by a service rig to complete and test the well. Results will be announced as they are received. Annuncio • Jul 06
Royal Helium Receives Results of Nazare Production Modelling Simulation Royal Helium Ltd. announced 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 viable production well models presented and will select the ultimate design(s) that will have the largest deliverability with the quickest payback period. Given the large areal extent of 30+ sections (30+ square miles) of Nazare, multiple wells will be considered. Royal anticipates well design finalization and drilling of the first Nazare well in late 2022. The entire simulation study encompassed 612 simulations designed to evaluate the combination of factors that could yield a simulation result with a forecast initial production rate above 1 mmscf/d for as long a period as possible. The factors evaluated included: 1 through 12 legs, each with 700m or 1400m leg lengths (1/2 mile and 1 mile with customary 100m buffer); permeabilities ranging from 5 through 40 nD; multi-stage frac completions ranging from 10 through 32 stages, each with fracture half lengths ranging from 15 through 350 meters; an assumed evaluation term of 30 years to reach an economic limit. Dr. Zhao's full report will be published under the title" Drill Stem Test Data Interpretation and Long Term Productivity Study for Royal Helium Reservoirs of Climax/Deep Nazare Zones" Dr. G. Zhao, Petroleum Systems Engineering, Faculty of Engineering and Applied Science University of Regina, June 30th 2022. There are no current National Instruments such as NI 51-101 or NI 43-101 that cover helium deposits or production. Price Target Changed • Apr 27
Price target increased to CA$1.78 Up from CA$0.95, the current price target is provided by 1 analyst. New target price is 373% above last closing price of CA$0.38. Stock is down 32% over the past year. The company posted a net loss per share of CA$0.042 last year. Annuncio • Feb 19
Royal Helium Ltd. Commences 3D Seismic over Climax/Nazare and 2D Seismic over Val Marie South Block 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 additional 20 linear kilometers of 2D seismic will be conducted over the southern most block at Val Marie to image the northern extension of a large structural high known as the Bowdoin Dome lying south of the Saskatchewan-Montana border. The results of these will guide Royal's upcoming drill programs for 2022 which will be announced once finalized. Annuncio • Feb 17
Royal Helium Announces Positive Test Results from the Climax-4 Nazare Zone and Begins Reservoir Modelling and Development Planning Royal Helium Ltd. announced that the hydraulic fracture program at the Climax-4 vertical well was successful in opening the Nazare formation and tested 0.57% helium over the 100-meter interval. The helium grade is consistent with initial (DST) tests and commercial grades in the region. Royal will now advance Nazare to the next stage to maximize the development of this particularly thick and large pay zone. Royal will begin conducting simulation modelling and evaluate development scenarios based on multi-stage, multi-leg horizontal frac completions programs. Follow-on development of the Climax Nazare reservoir will depend on the results of these simulations but will likely include drilling and hydraulically fracturing multi-leg/multi-branch horizontal wells. Annuncio • Dec 11
Royal Helium Reaches Total Depth at Ogema-2 and Commences Drill-Stem Testing Royal Helium Ltd. reported that Ogema-2 has reached its total depth, showing elevated helium cuts encountered during the drilling process, which were on par with helium readings during the drilling of Ogema-1. Elevated helium was recorded in two separate zones, including what appears to be the extension of the Nazare zone identified 250 km away at Climax. Drill-stem testing of these two zones has commenced, and helium test results will be released once received from the lab. The drilling that have completed at Ogema has been a tremendous success. While the goal of this program was clearly the same as the previous programs at Climax, different geological challenges were expected at Ogema. Price Target Changed • Oct 06
Price target increased to CA$1.78 Up from CA$0.95, the current price target is provided by 1 analyst. New target price is 294% above last closing price of CA$0.45. Stock is up 34% over the past year. Annuncio • Jun 11
Royal Helium Ltd. to Begin Second Multi-Well Helium Drill Program in Saskatchewan Royal Helium Ltd. announced its extensive drilling, exploration and development work program in southern Saskatchewan with Climax-4 expected to spud in mid-July. Following the recently completed financing and the successful initial drilling program, Royal will immediately begin drilling and exploration programs focused on accelerating the growth of the Company's helium resources. The Company is currently budgeting for 7 new wells. 2021 Program Summary: Drill Climax-4 to target the Regolith discovery from Climax-3, expected to spud by the end of July; Resumption of production testing at Climax-2 and Climax-3; Continue production planning and facility design for Climax-1, 2 and 3; Drill 6 new wells in SE Saskatchewan across three separate project areas. Drilling anticipated to commence summer 2021. At Climax, Royal will be drilling Climax-4 specifically targeting the Regolith zone discovered in the Climax-2 and Climax-3 wells. Climax-4 drill and production permitting is underway, and the well is anticipated to spud by mid-July. This well will be cored through the Regolith discovery zone to identify the optimal way to produce helium from this large reservoir. In southeast Saskatchewan, Royal intends to drill its first set of wells at its Bengough, Griffin and Ogema blocks (the first land blocks of the "SE Project Area"). Planning is currently underway for this portion of the drill program consisting of the acquisition/re-processing of seismic data, completion of a tri-axial magnetic survey and detailed well target definition. Alongside drilling new wells, testing will continue at Climax-2 and Climax-3 focused on the Wymark zone that reported elevated levels of helium that have not yet been perforated or production tested. This testing program, fully planned and costed within the previous program, is anticipated to last for approximately 10 days per well. For Climax-1, Climax-2 and Climax-3, initial production testing and facility design specifications will be completed (Climax-1 already underway) with a plan to have these first 3 wells operational within six months of testing completion. Annuncio • Jun 09
Royal Helium Ltd. has completed a Composite Units Offering in the amount of CAD 15 million. Royal Helium Ltd. has completed a Composite Units Offering in the amount of CAD 15 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 30,000,000
Price\Range: CAD 0.5 Recent Insider Transactions • May 17
Vice President of Exploration recently sold CA$107k worth of stock On the 14th of May, Stephen Halabura sold around 181k shares on-market at roughly CA$0.59 per share. In the last 3 months, they made an even bigger sale worth CA$121k. Insiders have been net sellers, collectively disposing of CA$196k more than they bought in the last 12 months. Annuncio • May 13
Royal Helium Announces Large Helium Discovery at Climax-2 and 3 and to Begin Production Planning for Climax-1 Royal Helium Ltd. announced a significant helium discovery at the Climax helium project, located in SW Saskatchewan, Canada. Royal has discovered a 39 meter contiguous helium bearing zone at Climax-3 in the basal Deadwood Regolith ("Regolith") which was a previously unknown helium bearing sequence. The same Regolith zone was also intersected at Climax-2 and Royal has seismically mapped the Regolith over a total area of 32 square kilometers (12.3 mi2) ("Prospective Area"). Based on internal estimates, Royal estimates total helium in-place within the Regolith zone across the Prospective Area to be between approximately 2.5 billion cubic feet ("Bcf") (low-case) and 6.0 Bcf (high case). In addition, Royal will commence production planning shortly on Climax-1, with the intent of producing and monetizing each of the helium, CO2, and nitrogen gas streams discovered within the Souris River and Wymark zones. Following the discovery of the Regolith zone at Climax-3, Royal reinterpreted its existing 2D seismic and has mapped the areal extent, thickness, and rock mass volume of the Regolith Sequence. Royal has utilized this mapping, along with helium concentrations identified within Climax-3 to estimate a total "helium-in-place". The Prospective Area of the Regolith is interpreted extend across 32 km2 (12.3 mi2), flanking both the local uplifted cratonic block penetrated by Climax-1 and the regional massif. Recent Insider Transactions • Apr 29
Vice President of Exploration recently sold CA$121k worth of stock On the 27th of April, Stephen Halabura sold around 200k shares on-market at roughly CA$0.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$61k more than they bought in the last 12 months. Annuncio • Mar 05
Royal Helium Ltd. Announces Production Testing Underway at Climax-1 and Climax-2 Royal Helium Ltd. ("Royal" or the "Company") announced that it has engaged two service rigs and that the completions and testing program has been initiated at Climax-1 and Climax-2. The finalized testing program, which was developed in concert with Sproul Associates Ltd., involves the sequential perforation and gas flow testing of several separate intervals identified during drilling. Finalized results from the testing program will be reported as the information becomes available. Royal further announces that the Climax-3 helium well has been drilled to its target depth of 2,600 metres. Royal's completion team is reviewing the log data at Climax-3 to determine the intervals to be production tested. The completion and testing program at Climax-3 will commence once testing is complete on Climax-2. The three Climax wells were drilled into the Precambrian basement, directly below the Deadwood Formation. The Deadwood is a sand and shale sequence that is a known helium production zone in Saskatchewan. These first three wells are targeting different parts of the same large structural trap identified on the central portion of the Climax land block. Annuncio • Feb 19
Royal Helium Engages Sproule to Conduct a NI 51-101 Prospective Helium Resources Evaluation at Climax Royal Helium Ltd. announced that it has engaged Sproule Associates Limited of Calgary, AB to consult on the completions and testing programs and to prepare an independent evaluation of the prospective helium resource from the first three wells at Climax, in accordance with the classification, definitions and guidelines of NI 51-101. Sproule will work closely with the completions and testing team from Artisan Consulting at the Climax project located in southwestern Saskatchewan. Annuncio • Feb 13
Royal Helium to Production Test 70 Metres At Climax-1 and 68 Metres At Climax-2 Royal Helium Ltd. announced that Climax-2 has been successfully drilled to a total depth of 2,611 metres and that it has selected the target completion intervals for both the Climax-1 and Climax-2 helium exploration wells. Completion and testing of Climax-1 and Climax-2 involves the sequential perforation and production testing of approximately 70 meters of potential helium bearing zones at Climax-1 and approximately 68 meters of potential helium bearing zones at Climax-2, both spanning multiple structural zones. Consistent with Climax-1, the Climax-2 well was drilled into the Precambrian basement at the base of the Deadwood Formation. The Deadwood is a sand and shale sequence that is known to produce helium in Saskatchewan. These first three wells are targeting different parts of the same large structural trap identified on the central portion of the Climax land block. With Climax-2 reaching total depth on February 9, the Savanna 419 drilling rig will now be mobilizing to the Climax-3 location. Annuncio • Jan 08
Royal Helium Ltd. Commences Three Well Drill Program at Climax Royal Helium Ltd. announced the commencement of its initial three well drilling program at its Climax Helium project. The wells, beginning with the Climax-1 helium well which spudded early this morning, are targeting a 4-way structural closure identified and delineated by 2D seismic and the triaxial magnetic survey conducted in July 2020 over the central portion of the Company's Climax land block. The Climax-1 well is expected to take up to 30 days to drill, case, complete and test and is targeting the Deadwood Sands formation that is known to currently and historically produce helium. Helium produced from this formation is known to be carried in nitrogen with little to no hydrocarbons or other by-products. The pay zone lies beneath a thick carbonate and shale cap and is anticipated to be encountered at an approximate vertical depth of between 2,250 - 2,560m. Climax-1 is a vertical well planned to TD (total depth) at 2,684m. Is New 90 Day High Low • Dec 30
New 90-day high: CA$0.42 The company is up 29% from its price of CA$0.33 on 30 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 16% over the same period. Annuncio • Dec 01
Royal Helium Ltd. announced that it expects to receive CAD 4 million in funding Royal Helium Ltd. (TSXV:RHC) announced that it has entered into a agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Clarus Securities Inc., Echelon Wealth Partners Inc., Eight Capital Corp. and Richardson Wealth Ltd. for a private placement on best efforts basis to issue a minimum of 16,000,000 units at a price of CAD 0.25 per unit for minimum gross proceeds of up to approximately CAD 1,200,000 on November 30, 2020. Each unit will consist of one common share and one warrant. Each warrant shall entitle the holder thereof to acquire one additional common share at any time on or before the date that is twenty-four months after the closing of the transaction at an exercise price of CAD 0.40 per share. In addition, the underwriters will be granted an option to arrange the purchase of up to an additional 50% of Units up to 8,000,000 additional units under the offering at the issue price. The transaction is scheduled to close on or about December 17, 2020. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities. Annuncio • Nov 26
Royal Helium Ltd. Announces Appointment of Campbell Becher as Director Royal Helium Ltd. at the Annual General Meeting held on November 25, 2020, elected Campbell Becher as director. Annuncio • Nov 13
Royal Helium Ltd. Commences Engineering Study for Helium Polygeneration Facility in Saskatchewan Royal Helium Ltd. announced that the engineering and scoping study (the Study) for a large-scale industrial gas polygeneration facility, located in Saskatchewan, has been initiated by Royal and will be conducted by the Saskatchewan Research Council (SRC). The Study is Royal's first step in determining the economic potential of a large-scale facility for the separation and monetization of the gas streams associated with helium production wells in Saskatchewan. The results of this initial engineering and economic study are anticipated to be received in December of 2020. Is New 90 Day High Low • Nov 10
New 90-day low: CA$0.29 The company is down 36% from its price of CA$0.46 on 12 August 2020. The Canadian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 13% over the same period. Annuncio • Jul 10
Royal Helium Ltd. announced that it has received CAD 1 million in funding On July 9, 2020, Royal Helium Ltd. (TSXV:RHC) closed the transaction. The transaction include participation from certain management and insiders for 1,770,000 and pro group members subscribed for 800,000 units. The company has paid CAD 3,600 as a commission in the financing. All the securities issued in the transaction are subject to hold period ending November 10, 2020. 