13:30:02 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Avanti Helium Corp
Symbol AVN
Shares Issued 90,522,155
Close 2024-01-31 C$ 0.45
Market Cap C$ 40,734,970
Recent Sedar Documents

Avanti Helium completes pipelines to Sweetgrass HRU

2024-01-31 12:07 ET - News Release

An anonymous director reports

AVANTI HELIUM PROVIDES UPDATE ON SWEETGRASS POOL PROJECT

Avanti Helium Corp. has provided an update on the progress of the helium recovery unit (HRU) at its Sweetgrass pool in greater Knappen, Montana.

The completion of all ancillary pipelines linking the WNG 11-22 and WNG 10-21 helium wells to the HRU site has been successfully completed. This important milestone marks a significant step forward in the development process, showcasing the company's commitment to advancing its strategic initiatives.

Additionally, Avanti has completed the fabrication for the well-site skids and inlet separation facility. These essential components will soon be transported to the facility site in Montana over the next few weeks.

The company remains steadfast in its commitment to driving innovation, ensuring operational excellence and creating sustainable value for its shareholders. The completion of critical milestones in the HRU development underscores Avanti's resilience and strategic foresight in navigating the dynamic helium landscape. The company looks forward to updating stakeholders as it further progresses the project.

At the 2023 annual general meeting of shareholders, the shareholders approved amendments to:

  • The company's stock option plan to comply with the policies of the TSX Venture Exchange;
  • The company's equity incentive compensation plan (EICP) to increase the maximum number of common shares of the company issuable under the EICP to 8,583,565, representing 10 per cent of the issued and outstanding number of common shares as at Nov. 17, 2023, the date of the company's 2023 AGM, and to comply with the policies of the exchange.

About Avanti Helium Corp.

Avanti Helium is focused on the exploration, development and production of helium across Western Canada and the United States. Avanti's professional oil and gas exploration and production team is actively targeting helium trapped in structures to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries.

We seek Safe Harbor.

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