Royal Helium Set To Begin Delivering Helium To Aerospace and Space Launch Clients With Plant Capacity 100% Sold Out
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If you have been following the great space race over the last 2 years, including India landing on the moon and SpaceX’s Falcon Heavy launching a $1 billion asteroid mission for NASA just this morning, then you’re going to love this interview with Royal Helium ($RHC / $RHCCF) given the fact that rocket launch activity in 2022 set an all-time record - and 2023 is set for another record with even more companies launching from Florida, Virginia, Alaska and California. WHAT ARE ROCKET LAUNCHES IMPORTANT TO ROYAL HELIUM? $RHC has secured three-year purchase commitments from two top players in the aerospace and space launch industries at an average of CAD $730 /mcf. While the names of the customers withheld by $RHC, think NASA, SpaceX, or Blue Origin. Why? Because helium is essential for space launches, and the demand is sky-high (pun intended). THE BUZZ - ROYAL HELIUM PLANT CAPACITY ALREADY SOLD OUT Royal Helium has successfully completed the commissioning of the Steveville Helium Purification Facility, the largest of its kind in Canada. This state-of-the-art facility will produce the highest quality helium in the country, and it's ready to roll. With the plant start-up now in full motion, Royal Helium is ramping up towards full commercial production, making Royal the first publicly listed helium producer operating in Canada. With nearly 80% profit margins and production from the plant already 100% sold out to the aerospace customers, Royal Helium is poised to soar as a key supplier in a rapidly growing market. NEXT STEPS - RINSE AND REPEAT TO BRING MORE HELIUM TO MARKET With full commercial production expected to commence “in a matter of weeks, not months” Royal Helium already has its sights set on repeating the process of generating more helium wells to feed more helium plants to supply more large customers that are in need of short supply helium. Specifically, beyond aerospace and rocket launches, other applications such as healthcare and semiconductors are driving both the demand and price of helium even higher. STEVEVILLE HELIUM PURIFICATION PLANT HIGHLIGHTS: Fed By Two 100% Owned Helium Wells Built To Recover 99.999% Engineered To Process 15,000 Mcf/Day Of Raw Gas Production Capacity Of Approximately 22,000 Mcf Of 99.999% Helium Per Year Ultra-Low Operating Costs Due To Self-Powered Gas Co-Produced From The Two Helium Wells Additional Benefits Carbon Credits, Generated Under Tier System In Alberta Credits Are Monetized Providing Additional Cash Flow Stream Sit back, relax and listen this powerful interview with Andrew Davidson President and CEO of Royal Helium Ltd.