Royal Helium has entered into an agreement to acquire Imperial Helium.
The Saskatchewan-based helium exploration company on Monday (2nd May) unveiled plans to execute the arm’s length acquisition through a plan of arrangement.
Set to benefit the unpredictable market, Royal Helium’s purchase of Imperial Helium will create a larger entity in the helium space with increase access to capital for the financing of helium exploration, development and processing plant expenditures.
Already, Royal Helium owns over one million acres of helium land, comprised of over 10 separate potential helium fairways that has seen over $20m of capital investment to date in the form of magnetic surveys, seismic surveys, geoscience and exploration drilling.
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