SASKATOON, SK, Jan. 25,
2023 /CNW/ - Royal Helium Ltd. (TSXV:
RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) ("Royal" or the
"Company") Royal Helium Ltd. ("Royal") is pleased to
announce that it has signed an agreement with Guardyan Conservation
Corp. ("Guardyan") for the development of a carbon credit strategy
for the Steveville Helium Recovery Plant. Guardyan will also be
entering Royal into the voluntary and compliant carbon markets with
the development of a carbon credit portfolio through the low
emission helium production at Steveville. Further details will be
announced as the Steveville plant begins operations.
![Royal Helium Ltd. logo (CNW Group/Royal Helium Ltd.) Royal Helium Ltd. logo (CNW Group/Royal Helium Ltd.)](https://mma.prnewswire.com/media/1989483/Royal_Helium_Ltd__Royal_Helium_Signs_Agreement_with_Guardyan_Con.jpg)
Andrew Davidson, President and
CEO of Royal comments, "This partnership highlights Royal's
proactive commitment to high environmental standards with our
mandate of ensuring all available GHG emission reduction options
are integrated into our facility. Guardyan will focus on maximizing
the available carbon credits resulting from the efficient plant
design. Royal's cryogenic processing plant design not only has the
ability to process helium to 99.999% purity, it commercially
processes and captures the other industrial gases in an
economically significant way which also leads to the production of
salable carbon credits."
Jana McDonald, CEO of Guardyan
states, "We are excited to be partnering with Royal in the
development of both their low emissions helium facility and
resulting emissions reduction monetization strategy. Royal Helium
has demonstrated a commitment to the highest environmental
standards and we couldn't be more pleased to steward their
integration into the carbon markets for what we see as years to
come."
About Guardyan Conservation Corp.
Guardyan is a full-service carbon credit developer who guides
organizations through the sustainability landscape, prioritizing
impact, simplicity, and profit. With evolved knowledge in voluntary
and compliant markets around the world, Guardyan identifies
organization's specific challenges and opportunities to identify
emission reductions and develop the right carbon credits from
conception to commercialization.
About Royal Helium Ltd.
Royal controls over 1,000,000 acres of prospective helium land
across southern Saskatchewan and
southeastern Alberta. All of
Royal's lands are in close vicinity to highways, roads, cities and
importantly, close to existing oil and gas infrastructure, with a
significant portion of its land near existing helium producing
locations. With stable, rising prices and limited, non-renewable
sources for helium worldwide, Royal intends to become a leading
North American producer of this high value commodity. Royal's
helium reservoirs are carried primarily with nitrogen. Nitrogen is
not considered a greenhouse gas ("GHG") and therefore has a
low GHG footprint when compared to other jurisdictions that rely on
large scale natural gas production for helium extraction. Helium
extracted from wells in Saskatchewan and Alberta can be up to 99% less carbon intensive
than helium extraction processes in other jurisdictions.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
This news release includes certain statements that may be
deemed to be "forward-looking statements". All statements in this
news release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements, including anticipated
deliveries under Royal's offtake agreement, anticipated drilling of
the Nazare horizontal well and other drilling plans, the intended
construction of a Steveville Helium Processing Plant and pipelines
and accelerated development of the Company's other assets. In
addition, all references to resources are deemed to be
forward-looking statements as they involve the implied assessment,
based on certain estimates and assumptions, that the resources
described exist in the quantities predicted or estimated and can be
profitably produced in the future. These forward-looking statements
are subject to numerous risks and uncertainties, certain of which
are beyond the Company's control, including without limitation,
risks associated with oil and gas exploration, development,
exploitation, production, marketing and transportation, loss of
markets, volatility of commodity prices, volatility in production
rates, environmental risks, inability to obtain drilling rigs or
other services, capital expenditure costs, including drilling,
completion and facility costs, unexpected decline rates in wells,
wells not performing as expected, delays resulting from or
inability to obtain required third party and regulatory approvals,
ability to access sufficient capital from internal and external
sources, inability to access gas transportation and processing
infrastructure, the impact of general economic conditions in
Canada, the United States and overseas, industry
conditions, changes in laws and regulations (including the adoption
of new environmental laws and regulations) and changes in how they
are interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, and the uncertainty of
estimates and projections of production, costs and expenses.
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 and risks
applicable to the Company.
SOURCE Royal Helium Ltd.