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Royal Helium gets Tax Rebate for its Saskatchewan Climax project

Royal Helium has become the latest firm to benefit from the Government of Saskatchewan’s Helium Action Plan. The company has announced that it has received approval from the Minister of Energy and Resources of the Government of Saskatchewan and the Saskatchewan Petroleum Innovation Incentive (SPII) programme. The company can receive up to C$4.2m in royalty tax credits (RC) based on eligible project costs incurred to date at Nazare. Royal expects these credits to be received during the current quarter.

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