Royal Helium Ltd. announced that the Company has completed commissioning of its Steveville helium purification facility and has commenced the start-up of the facility located in southeast Alberta near the town of Brooks. The Steveville plant is engineered to process 15,000 mcf/day of raw gas fed by two of the 100% owned helium wells at Steveville with an output capacity of approximately 22,000 mcf of 99.999% helium per year. The production capacity of this facility fully delivers on the 3-year purchase commitments from Royal's two offtake partner agreements in the major North American aerospace and space launch industries at an average price of USD 538 per mcf (th thousand cubic feet) helium (CAD 730/mcf).

Of economic significance, the facility at Steveville has an ultra-low operating cost due to it being self-powered by fuel gas co-produced from the two helium wells. Royal's 100% owned purification facility was purpose built to recover 99.999% helium while setting the highest standards for environmental efficiencies and producing an exceptionally low carbon footprint. Substantially all of the gas purified at the facility is inert and can be captured in purified form at the facility, providing additional potential cash flow streams. Until the biproduct gases are captured and sold, they are vented with virtually zero impact to the environment, given the gas's completely inert nature.

The limited ancillary methane gas produced is recycled back into the facility to power its own operations, with the ability to generate excess power which will be distributed back into the electrical grid, providing additional economics to Royal. The Steveville plant will materially benefit from carbon credits, generated under the Technology Innovation and Emissions Reduction System ("TIER system") in Alberta. As these carbon credits are monetized it will have the ability to provide Royal shareholders with a material additional cash flow stream.