Royal Helium Advances Production at Steveville but Still Below-Capacity

Royal Helium shipped the 10th and 11th helium trailers from its Steveville purification facility in Brooks, Alberta, marking progress in operational capacity and consistency. Over the past three weeks, the facility has maintained stable production at 50% of its nameplate capacity, occasionally reaching up to 75%, effectively doubling its previous output to four trailers per month. Based on data reported by the Alberta Energy Regulator, YTD to Apr’24 Royal Helium has produced 5.7mmcf of helium, of which it has vented 65%, effectively producing only 2mmcf. Shares of the company are down ~65% YTD to end May'24.

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