Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) announced that it has officially commenced delivery and sales of purified helium for its North American aerospace offtake partner.
The helium explorer and project developer said sales are initiated at the company's plant gate from its first helium purification facility located in Princess, Alberta, with the trailers first destined for Colorado to be liquified and with the liquid helium then being transported to the customer's site in the US.
Royal Helium noted it has ongoing transportation and liquefaction agreements in place, with its customer assuming these costs.
"The Steveville plant processes upwards of 15 million cubic feet of raw gas produced by two of Royal's 100% owned Steveville wells," Royal Helium CEO Andrew Davidson said in a statement.
"We are proud to be able to say that the Steveville plant is the first of its kind in the world and has the lowest carbon footprint and emissions amongst any of its peers globally," he added.
Royal Helium also stated that its flagship purification facility has entered into offtake agreements relating to 100% of its volumes to a leading North American aerospace and defense firm.
The company added that it is already in discussions with various other parties regarding offtake purchase commitments from Royal's purification facilities that are planned for the coming year.
Royal Helium is an exploration, production, and infrastructure company with a primary focus on the development and production of helium and associated gases.