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Avanti Helium Corp
Symbol AVN
Shares Issued 121,215,105
Close 2026-04-13 C$ 0.58
Market Cap C$ 70,304,761
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Avanti aims for first Sweetgrass production by mid-year

2026-04-14 12:09 ET - News Release

Mr. Chris Bakker reports

AVANTI HELIUM ADVANCES SWEETGRASS TOWARD MID-YEAR PRODUCTION WITH INITIAL PLANT MOBILIZATION PAYMENT INSTALLMENT

Avanti Helium Corp. has reached a major execution milestone at its flagship Sweetgrass helium project in Montana, having advanced the initial payment instalment required to commence final plant modifications, disassembly and relocation of its helium processing facility to Montana.

This payment formally initiates the next phase of development, allowing plant optimization work, disassembly, logistics co-ordination and mobilization activities to begin immediately, marking the transition of Sweetgrass from late-stage development into the final path toward production.

The company continues to target first helium production by mid-2026, positioning Avanti to become one of the few new North American helium producers entering the market at a time of tightening global supply and growing United States strategic demand.

A major step toward production

The processing plant, which was previously constructed and successfully operated, will now undergo final project-specific modifications before being transported to the company's Sweetgrass site in Montana for installation and commissioning.

With this milestone now under way, Avanti expects project activities to accelerate significantly over the coming weeks, including:

  • Final plant modifications and optimization;
  • Plant disassembly and transport logistics;
  • Montana lease site preparation and civil work;
  • Facility pad construction and infrastructure tie-ins;
  • Piping, metering and compression installation;
  • Final commissioning and start-up preparation.

These activities are expected to run in parallel to support the company's targeted mid-year production timeline.

Montana site work to begin immediately

In parallel with plant relocation activities, Avanti is preparing to commence site development and lease construction work in Montana, ensuring the Sweetgrass location is ready for plant installation immediately upon arrival.

Ground crews and construction contractors are positioned to begin work as conditions allow, including:

  • Site grading and lease preparation;
  • Civil earthworks and pad construction;
  • Building and utility installation;
  • Well-site integration and inlet infrastructure;
  • Final pipeline and facility connections.

This co-ordinated execution strategy is designed to compress the timeline to production and materially derisk the final development phase.

Chris Bakker, chief executive officer of Avanti Helium, commented:

"This is an extremely exciting milestone for Avanti and a major step forward for the Sweetgrass project.

"Advancing the initial payment to begin plant modifications, disassembly and relocation moves us decisively into the execution phase and puts us firmly on the path toward targeted mid-year production. With site work in Montana beginning in parallel, we are now seeing all the major pieces come together to transform Sweetgrass into a producing helium asset and position Avanti for meaningful near-term helium production."

Positioned for a tightening North American market

As global helium markets remain tight and U.S. supply security becomes increasingly important, Avanti believes Sweetgrass is uniquely positioned to provide a secure North American source of high-purity helium supply.

Upon commissioning, Sweetgrass is expected to become one of the few new domestic helium production facilities entering the U.S. market in the near term, supporting industries including semiconductors, aerospace, health care, advanced manufacturing and defence.

About Avanti Helium Corp.

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

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