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Royal Helium Reports Q3'23 results

Royal Helium reported its Q3'23 results after a busy quarter for the company. During quarter, Royal secured a total of ~C$15mm through a term debt financing, while also obtaining a C$2.5mm operating loan for working capital. Additionally, a bought deal convertible debenture financing raised gross proceeds of C$7.3mm and C$4.5mm in equity was raised in November. Immediately after the quarter, Royal commissioned the Steveville helium facility and commenced loading commercial purified helium into trailers. The company ended the quarter with a net loss of C$1.8mm, cash balance of C$1.7mm, and total assets of C$87mm.

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