Royal Helium is Still Venting ~50% of the Helium Produced at Steveville
- Apr 21, 2024
- 1 min read
Royal Helium is one of the few junior helium explorers that is producing helium, coming from its Steveville project in the Alberta. However, Royal has been unable to ramp up its production to full capacity even after 7 months. Production began in Oct'23 with 241mcf and increased to ~1mmcf in the following months but almost the entire amount was vented. Initially, this is normal while production is being ramped up but venting has remained at high levels indicating that the plant is struggling to produce as expected. In Mar'24, we can see that 55% of the helium was vented out.