08:54 AM EDT, 06/21/2024 (MT Newswires) -- Royal Helium ( RHCCF ) said on Friday that it continued the 12th and 13th helium trailer sales this week at its Steveville helium purification facility near Brooks, Alberta.

The company said it continues to ramp up production at Steveville towards nameplate capacity of 15 million cubic feet of raw gas per day.

"We are pleased to have the Steveville helium purification plant running at a stable production rate and seeing the entire team getting the plant to its final stages of ramping up to capacity," CEO Andrew Davidson said. "The plant is designed to be fully automated and self-powered such that once at steady state, the operation can quickly turn toward positive cash flow with very low operating expense."

The company's share price dropped nearly 13% on Thursday to $0.07.