Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) announced that this week it completed the sale of its 12th and 13th trailers of helium from its Steveville helium purification facility situated near Brooks, Alberta.
The helium producer added that it continues to ramp up production at the Steveville purification facility toward its nameplate capacity of 15 million cubic feet of raw gas per day.
"We are pleased to have the Steveville helium purification plant running at a stable production rate and seeing the entire team getting the plant to its final stages of ramping up to capacity with world-class oversight by Progress Through Technology (PTT),” Royal Helium CEO Andrew Davidson commented.
“The plant is designed to be fully automated and self-powered such that once at steady state, the operation can quickly turn toward positive cash flow with very low operating expense.”
The company also announced that it has granted 5 million incentive stock options to a consultant.
The options are exercisable at $0.085 per share, vest evenly over six months, and subject to earlier expiration provisions, expire in three years.