North American Industrial Gases Inc, a wholly owned US subsidiary of Airlife Gases, acquired 80mm shares and 4mm warrants of Royal Helium, representing ~56.4% of the company on a non-diluted basis.
Mendell provided an update on its strategy to scale helium production around M3 Helium’s Rost 1-26 well in Kansas, identifying multiple new drilling locations within the same narrow channel formation
Airlife Gases has acquired 52.9% of Royal Helium through a reverse-takeover restructuring that brings the company out of Companies' Creditors Arrangements Act (CCAA) proceedings and places Airlife in