If you have been following the great space race over the last year, including India landing on the moon, SpaceX’s Falcon Heavy launching a $1 billion asteroid mission for NASA or Blue Origin’s New Shepard rocket, then you’re going to love this interview with Royal Helium ($RHC / $RHCCF) who is making history by shipping its first helium to an undisclosed North American space launch company.
BREAKING GROUND: ROYAL HELIUM’S MAIDEN DELIVERY MARKS A MILESTONE
In a momentous stride, Royal Helium Ltd. announced the initiation of helium deliveries to its first U.S. aerospace customer. The culmination of meticulous planning and execution necessary to help rockets launch into space, this marks the debut of Royal’s state-of-the-art purification facility in Princess, Alberta, Canada.
ATTRACTING ALBERTA’S PREMIER AND LOCAL POLITICAL LEADERSHIP
Premier Danielle Smith, local officials, dignitaries and members of the community joined the Royal Helium team in the inauguration and tour of the one-of-a-kind Steveville Helium Facility.
ROYAL HELIUM PURIFICATION PLANT: AN ENGINEERING MARVEL WITH LOWEST GLOBAL EMISSIONS
The Company’s 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.
Royal’s CEO, Andrew Davidson, spoke of this achievement, underscoring the dedication of the team and collaborative efforts that birthed the world’s first helium purification facility of its kind. Davidson emphasizes the facility’s distinction, possessing the lowest carbon footprint and emissions globally—a testament to Royal’s commitment to environmental responsibility.
“Today’s delivery is the result of the hard work over the past year… The Steveville plant is the first of its kind in the world and has the lowest carbon footprint and emissions amongst any of its peers globally.”
STRATEGIC PARTNERSHIP AND GLOBAL OUTREACH: SHAPING THE FUTURE
Royal Helium’s flagship purification facility has already secured offtake agreements covering 100% of its volumes with a prominent North American aerospace and defence firm. $RHC is already engaged in discussions with multiple parties for future offtake commitments on future anticipated helium wells and facilities, underscoring the increasing demand for its purified helium.
EXPANDING FRONTIERS: FROM NORTH AMERICA TO THE WORLD
David Young, Executive Vice President and Head of US Operations, emphasizes the global significance of $RHC helium contributions. As global helium supply tightens, demand soars across industries such as healthcare, semiconductor manufacturing, aerospace, and defence. With the U.S. as a focal point, Royal Helium positions itself as a pivotal supplier, contributing to the growth of key industries.
“While the global supply of helium is increasingly constrained, global demand continues to grow at record pace, driven by equally explosive growth across industries dependent upon purified helium to advance their missions.”
PIONEERING PROGRESS IN HELIUM PRODUCTION
In the realm of helium production, Royal Helium Ltd. stands as a beacon of innovation and sustainability. The commencement of helium deliveries is not just a corporate milestone, but a testament to Royal Helium’s commitment to shaping the future of helium extraction. As $RHC looks beyond North America, its mission to reduce foreign helium dependency becomes a reality.
Now sit back, relax and watch this powerful interview with Dean Nawata, Manager of Corporate Development of Royal Helium.
