Royal Helium, through its wholly owned subsidiary, Imperial Helium, has exercised an option to acquire a new project near the Steveville asset in southern Alberta. The newly acquired land shows promising potential for high flow rate helium enriched gas, with plans for an upcoming drill program in late 2023. The total purchase price for the asset is C$400k, paid through a combination of cash and common shares in the company. Royal Helium controls over 1mm acres of prospective helium land in southern Saskatchewan and southeastern Alberta.
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