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AVANTI HELIUM ANNOUNCES BINDING MIDSTREAM AGREEMENT FOR HELIUM PRODUCTION FOR SWEETGRASS HELIUM POOL
AVANTI HELIUM ANNOUNCES BINDING MIDSTREAM AGREEMENT FOR HELIUM PRODUCTION FOR SWEETGRASS HELIUM P...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM ANNOUNCES BINDING MIDSTREAM AGREEMENT FOR HELIUM PRODUCTION FOR SWEETGRASS HELIUM POOL\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: LEFT; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n July 27, 2023\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to announce that it has signed a midstream agreement to commercialize and achieve cashflow at the Sweetgrass Pool within its Greater Knappen asset.\n \n \n \n Helium Recovery Plant\n \n \n \n Avanti has signed a binding midstream agreement with IACX Resources Montana LLC a subsidiary of industry leader IACX Energy (\"IACX\") to build, finance and operate a Helium recovery plant to process the raw gas from Avanti's Sweetgrass Helium pool.\n \n \n The plant is expected to initially process 10 MMcf/d of raw gas with the option to increase production to 15 MMcf/d. The initial components for the plant are expected to start being delivered on site in Q4, 2023 with initial production expected in early Q1, 2024.\n \n \n \"We are very pleased to have entered into the arrangement with IACX, a proven Helium midstream operator,\" commented\n \n Chris Bakker\n \n , Avanti CEO. \"Having IACX construct and operate the plant de-risks execution for Avanti. We are also pleased to have arrived at fee terms that drastically reduce our need for capital. I would like to thank the entire Avanti team for the huge amount of work done to bring the Company to this tremendously positive turning point.\"\n \n \n Developing the Helium recovery plant independently posed a major capex and expertise requirement for Avanti, but through the IACX transaction, and the liqu...