Stocks in play: Royal Helium Ltd.
Reported that following up on the previously announced lithium assays in Climax-1, it has also sampled up to 81.3 Mg/L lithium brine at Climax-2 on Royal's Climax helium land block located approximately 160 km south of Swift Current in southwest Saskatchewan. Climax-2 is approximately 2.7 kilometers southeast of Climax-1 with both wells testing the lithium bearing brine zone within the Duperow formation. With the more detailed 3D seismic Royal conducted this year, it is believed that the Climax-2 lithium brine zone is an extension of the same pool found in Climax-1 and appears to extend well beyond the current 3D coverage area which will be expanded and tested in upcoming programs. Further engineering and analysis will be conducted once the Climax mineral rights are granted. Royal Helium Ltd. shares V.RHC are trading unchanged at $0.35.
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