Royal Helium has become the latest firm to benefit from the Government of Saskatchewan’s helium incentive programme and it continues to spearhead its goal of becoming a world leader in the space.
The helium exploration firm today (26th July) said it had received approval from the Minister of Energy and Resources of the Government of Saskatchewan and the Saskatchewan Petroleum Innovation Incentive (SPII) programme.
To help create a level playing field when it comes to the helium market, the Government of Saskatchewan laid out two incentive programmes for the sector when it launched its Helium Action plan in November (2021).
With Royal now benefiting from one of these, the firm can receive up to $4.2m in royalty tax credits based on eligible project costs incurred to date at Nazare. It is hoped these credits will be received during the current quarter.
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