Royal Helium has completed its previously announced acquisition of Imperial Helium as it looks to accelerate its production profile and enhance future growth.

The Saskatchewan-based helium exploration firm on Friday (22nd July) confirmed the news, following approval from both Imperial Helium shareholders and the Supreme Court of British Columbia.

Read more: Royal Helium inks deal to acquire Imperial Helium

Andrew Davidson, President and CEO of Royal Helium, said, “We are very happy to have this transaction completed and we thank the shareholders of Imperial for voting in favour by such an overwhelming margin.”

“With the transaction completed, we can now shift our full focus to commercializing the Climax and now Steveville helium fields.”

Royal Helium’s acquisition of Imperial Helium was first announced back in May (2nd May), to create a larger entity in the helium space. Already, Royal Helium owns over one million acres of land comprised of over 10 separate potential helium fairways.

Speaking to gasworld exclusively earlier this month (July 2022), Davidson explained that consolidation is a natural progression in any new market and helium is no exception.

Expanding on this, he continued, “Fewer companies controlling more assets generally make sense in this industry, as size matters to a great degree when it comes to negotiating power in offtake agreement discussions and a refine exploration process allows a company to efficiently develop additional assets.”

The full interview with Davidson, featuring discussion on the acquisition, Royal Helium’s position in Saskatchewan and its future plans, will be published in the upcoming August issue of gasworld US.