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News Update


Helium Explorer Commissions Study for Industrial Gas Polygeneration Facility in Western Canada
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Royal Helium Ltd. reported it has initiated an engineering and scoping study for a large-scale industrial gas polygeneration facility to be constructed in Saskatchewan.

In a news release, Saskatchewan-based Royal Helium Ltd. (RHC:TSX.V) reported that it has initiated an engineering and scoping study for a large-scale industrial gas polygeneration facility to be built in Saskatchewan.

The firm stated that the study will be conducted by the Saskatchewan Research Council and represents Royal Helium'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."

Royal Helium's President and CEO Andrew Davidson remarked, "In Saskatchewan, helium is coproduced with large flows of other inert gases for which there is a large and established North American and global market. Royal is now reviewing whether there is an opportunity to monetize the complete gas stream."

"Our economic analysis does not include credits for other potentially commercial gases produced and processed. While the economics of helium production are significant on their own, the impact of the commercialization of other gases could substantially add to net cash flow," Davidson added.

The company stated that it expects to receive the results from the initial engineering and economic study in December 2020.

The firm noted that the Saskatchewan Research Council (SRC) employs more than 290 people and is the second largest research and technology organization in Canada. The company stated that the SRC generates $91 million in annual revenue by providing services and products to 1,500 clients in 27 countries.


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