Royal Helium Ltd. (TSE:RHC) has released an update.
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Royal Helium Ltd. has initiated the licensing process for an exploratory helium well, named Forty Mile #1, in southeastern Alberta, which shows promising signs based on historical data and seismic work. The well targets Devonian and Cambrian horizons, with multiple drill sites planned for development upon successful extraction. This project complements Royal’s strategy to become a leading North American helium producer, capitalizing on the global helium shortage and leveraging its low carbon-intensive extraction process.
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