RHCCF - Shares of Helium Explorer on the Move Following $3 Million Government Investment

2024-02-01 10:30:22 ET

This exploration, production, and infrastructure company with a primary focus on the development and production of %Helium and associated gases just received a $3 million investment from the Canadian government and shares have been rising in morning trade.

%RoyalHelium (TSXV: RHC) (OTCQB: RHCCF) announced in a press release today that the firm was awarded to be a recipient of a contribution of CAD $3 million from the Government of Canada through Prairies Economic Development Canada under its Aerospace Regional Recovery Initiative. The funds received by Royal serve as reimbursement for expenditures incurred to equip and enhance operations at the Steveville Helium Processing Facility in Alberta.

Controlling over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta, Royal is well positioned to be a leading North American producer of this increasingly high value commodity.