Royal Helium Sells Out Helium Production Of First Plant To Multi-Billion Dollar Customer

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Helium has many important uses in modern society. It is used as a lifting gas in balloons and airships, as a pressurizing and purge gas in various industrial and medical applications, and as a protective gas in welding and other high-temperature industrial processes. It is also used in cryogenics to cool materials to very low temperatures, and in MRI scanners to provide a stable and safe working environment for the machine's powerful magnets.
The demand for helium has been increasing in recent years due to its many uses in modern technology and industry. However, helium is a finite resource and is primarily obtained as a byproduct of natural gas extraction. As a result, the supply of helium can be influenced by factors such as the production of natural gas and the efficiency of helium extraction and purification processes.
This is where Royal Helium comes into play.
The are aiming to become producers. They have the land, wells, financial means, and helium resources to accomplish this. The anticipate construction to be complete soon and producing as early as Q1 2023.
Now, the last domino has fallen. Royal has managed just announced a 2nd sales contract for their helium, essentially selling 99.99% of the production from the Steveille facility..before it has even gone into production. Not only that, the second contract is approximately 39% above the value of the first contract. That is 39% more revenue for the same product at the same cost of production.
The importance of being able to produce and develop revenue cannot be overstated for a small market company such as Royal.. The company will grow and potentially increase profits, which can be beneficial for shareholders and stakeholders. This is just the first planned step in the production evolution of Royal Helium. There are more wells in place that will be put into production. The ability to recognize future revenue to calculate future endeavours is a position very very few junior production stories even consider dreaming of. Royal Helium is living it and their growth story and potential is just getting started.
Sit back and enjoy this SmallCap interview with Andrew Davidson, CEO & Chairman of Royal Helium as he explains how Royal managed to secure a sales contract that covers all their production from the Steveille well before construction has even finished. Have a seat and sit back and enjoy this SmallCap success story from Royal Helium.