Avanti Helium underway with production development
by CM staff
The company is engaged in discussions with several potential liquid helium offtake customers, both domestic and foreign
CALGARY — Avanti Helium Corp., announced the agreement for third-party construction and ownership of the Helium Recovery Unit (HRU) to produce the Sweetgrass discovery. The company is now able to aggressively move forward to achieve its commercial production.
“As the major pieces are being put in place for Avanti to becoming a helium producer, we look forward to helium offtake contracts and generating cash flows,” said Chris Bakker, Avanti CEO. “In securing the HRU, Avanti will be able to deliver on its commitments to offtake customers.”
The company is engaged in discussions with several potential liquid helium offtake customers, both domestic and foreign. The geopolitical tensions that exacerbated “Helium Shortage 4.0” remain a concern for buyers and demand for helium sourced from secure jurisdictions remains high.
Avanti has taken the steps and confirms the 40-acre surface lease for the HRU and pipeline easements to connect the Sweetgrass wells to the facility are in-place.
The HRU also moves forward Avanti’s discussions for non-dilutive financing options.
