Royal Helium's Steveville Helium Plant is Fully Funded

Royal Helium signed binding commitment letters with the Business Development Bank of Canada and Canadian Western Bank for a non-revolving credit facility of C$15mm and a revolving C$2.5mm loan for working capital purposes. This, together with the early release of the convertible debentures with an aggregate gross proceeds of C$5.5mm, will be used to fully fund the Steveville helium production plant, which is expected to commence production in Q2'23.

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