Royal Helium CEO Andrew Davidson joined Steve Darling from Proactive to share news the company has initiated the loading of purified helium into specialized ISO trailers at its Steveville helium purification facility, signalling the commencement of commercial sales from the facility located in Southeastern Alberta.
Davidson explained that this development marks the beginning of fulfilling the company's offtake agreement with a major North American aerospace customer, which has contracted to purchase volumes from the Steveville facility over the next several years. T
hese offtake agreements, established over the past two years, are structured to deliver volumes at an average price exceeding $500 per thousand cubic feet (mcf).
The increasing demand for purified helium, combined with the current geopolitical factors that are constraining the supply of critical resources, positions Royal Helium to thrive in a robust pricing environment for the foreseeable future.
Furthermore, the company is actively engaged in discussions with various parties interested in establishing offtake agreements for its upcoming facilities.
Royal Helium plans to forge additional strong and long-term relationships with key industry players who require helium for critical applications across industries such as healthcare, chip manufacturing, aerospace, and more.
Proactive Canada
+1 604-688-8158
This email address is being protected from spambots. You need JavaScript enabled to view it.
Last Trade: | US$0.04 |
Daily Volume: | 0 |
Market Cap: | US$13.030M |
June 21, 2024 June 17, 2024 |
DevvStream provides upfront capital for sustainability projects in exchange for carbon credit rights. Through these rights, the company generates and manages carbon credits by utilizing the most technologically advanced...
CLICK TO LEARN MORESurf Air Mobility is a regional air mobility platform expanding the category of regional air travel to reinvent flying through the power of electrification. In an effort to substantially reduce the cost and environmental impact of...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS