SASKATOON, May 27, 2020 /CNW/ - Royal Helium Ltd. ("Royal"
or the "Company") (TSXV: RHC) announces that it has signed a
Memorandum of Understanding ("MOU") with The Saskatchewan
Research Council ("SRC") to review the development of an
integrated, "poly-generation" facility for the production and
refinement of helium and associated inert gases from helium-bearing
gas production in southern Saskatchewan.
Andrew Davidson, President and
CEO of Royal comments, "The goal is to develop and process
Saskatchewan helium and associated
inert gases right here in the province, producing high value,
end-use products. Royal, a Saskatchewan-rooted helium exploration and
development company, and SRC, Canada's second largest research and
technology organization, share the vision of working together to
advance a new industry for the Province. Saskatchewan is a province known to have a
wealth of natural resources and Royal believes that the development
and in-province refinement of helium and associated inert gases
represents a new, high value business opportunity for its
shareholders and the province of Saskatchewan."
About the Saskatchewan Research Council
The SRC is one of Canada's
leading providers of applied research, development and
demonstration ("RD&D") and technology commercialization, with
more than $70 million in annual
revenue and over 73 years of RD&D
experience.
About Royal Helium Ltd.
Royal is focused on the exploration and development of primary
helium production in southern Saskatchewan. With over 400,000
acres of prospective helium lands, Royal is currently one of the
largest helium leaseholders in North America. Located next to
highways, roads, cities and, importantly, close to existing oil and
gas infrastructure, Royal's projects were methodically evaluated
for helium potential for over two years, and have been vetted by
helium experts, professional geologists and engineers.
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This release includes certain statements that may be deemed
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release, other than statements of historical facts, that address
events or developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual
results to differ materially from those in forward-looking
statements, include market prices, exploration and development
successes, continued availability of capital and financing, and
general economic, market or business conditions. Please see
the public filings of the Company at www.sedar.com for further
information.
SOURCE Royal Helium Ltd.