VIDEO – Royal Helium Set To Begin Delivering Helium To Aerospace and Space Launch Clients With Plant Capacity 100% Sold Out
posted on
Oct 13, 2023 06:08PM
From Rockets to MRIs - A Multi-Use Gas in Short Supply
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:
Additional Benefits
Sit back, relax and watch this powerful interview with Andrew Davidson
President and CEO of Royal Helium Ltd.