Royal Helium received a C$3mm contribution from the Government of Canada through Prairies Economic Development Canada. The funds received by Royal serve as reimbursement for expenditures incurred to equip and enhance operations at the Steveville Helium Processing Facility in Alberta. Under the terms of the agreement, repayment of the Contribution will commence on April 1, 2025 and will thereafter be amortized with 60 equal monthly interest free payments. The Company has the right to repay the full amount of the contribution at any time.
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