Royal Helium Ltd. reported that all of the component modules for the Steveville Helium Processing Facility are now on site and both the 12-12 and 10-22 helium wells are tied in. The mechanical, electrical and instrumentation contractors have been on site since mid-June installing and tying in components as they arrived and, with the final two components arriving last week, are entering the final assembly phase and preliminary commissioning. Further updates will be provided once the plant is fully commissioned and processing gas.

The Steveville plant is designed to process 15,000,000 cubic feet/day of raw gas fed by the two 100% owned helium wells at Steveville, Alberta and produce 22,000 mcf of 99.999% helium per year. The engineered life of the plant is 25 years while both wells are expected to remain on stream for a minimum of 9 years. The plant will also produce enough fuel gas to power the plant and up to 22,000,000 pounds of commercial CO2, which provides for a potentially significant secondary cash flow stream to Royal.