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Royal Helium Draws Down First C$5M from C$17.5M Credit Facility

Royal Helium has drawn down C$5mm from its C$17.5mm debt facility provided by Canadian Western Bank and the Business Development Bank of Canada. The funding is for the continued advancement of the Steveville helium processing facility. Manufacturing is 65% complete with minor and manageable supply chain delays. There have been successful site visits to the manufacturing facility with the stakeholders and first helium deliveries are approaching.

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