Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) said that the final assembly and commissioning of its Steveville helium processing plant in Alberta, Canada is underway.
The company said that all of the component modules for the facility are now on site and both the 12-12 and 10-22 helium wells are tied in.
Mechanical, electrical, and instrumentation contractors have been on site since mid-June installing and tying in components as they arrive and, with the final two components arriving last week, are entering the final assembly phase and preliminary commissioning, it added.
Further updates will be provided by the company once the plant is fully commissioned and producing gas.
"We are exceptionally pleased with the progress on the completion of the Steveville helium plant, as it brings us one step closer to being the first Canadian public helium producer,” Royal Helium CEO Andrew Davidson said in a statement.
“Having the full facility on site is a major milestone and is a definitive message to all stakeholders and shareholders that this new industry in the Brooks region is now here, and is only the beginning for Alberta's helium future. Plant operations personnel and services have been organized as we complete the final installation over the coming weeks, concurrent with commissioning, to be followed by full-scale production.”
Royal Helium highlighted that the Steveville plant is designed to process 15 million cubic feet per day of raw gas fed by the two 100% owned helium wells at Steveville, Alberta and produce 22,000 cubic feet of 99.999% helium per year.
Royal Helium is an exploration, production, and infrastructure company with a primary focus on the development and production of helium and associated gases.
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