Royal Helium Ltd, a Saskatoon-based company, develops and explores primary helium.
The company is listed on TSXV under ‘RHC’ stock symbol.
It is reportedly among Canada’s largest helium leaseholders with 572 sections of such land across Saskatchewan.
Royal Helium’s targets include:
• Various land packages with multiple targets at each package
• Widely known helium concentrations
• existing wells, data, and production.
Saskatchewan Helium Play
It is the firm’s flagship project under which it holds 400,000 hectares of helium lands near southern Saskatchewan.
It consists of five-year permits and 21-year leases.
Royal Helium says it intends to accumulate additional land to meet its goal to deliver a minimum one trillion cubic feet of inert gas.
It further says that its first and second drill project are located in two zones: southwest Saskatchewan with seven well targets and south-central Saskatchewan with five target wells.
The company says its exploration plan is to test same-sized 30 structures in existing Wilhelm and Mankota helium pools.
For this, the helium-focused company says it uses well logs, seismic data, and aeromagnetic surveys.
In May 2021, the company declared significant helium findings at the Climax helium project, situated in SW Saskatchewan, Canada.
The company has founded a 39-meter helium bearing area at Climax-3 in the Regolith zone.
Royal Helium Ltd says that the area contains approximately 2.5 billion cubic feet (bcf) and 6.0bcf of helium in the Regolith zone.
On July 6, 2021, the company declared that it had re-started the resource and reservoir testing program for the final untested helium zones in the Climax-3 well. After the completion of Climax-3 well, the company plans to move to Climax-2 and Climax-4.
The Canadian company says that core samples will be collected from this new Regolith area and will be examined to test for most effective and efficient way of helium production from the 100 meter-thick zone.