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AVANTI HELIUM PROVIDES UPDATE ON SWEETGRASS PROJECT IN GREATER KNAPPEN
AVANTI HELIUM PROVIDES UPDATE ON SWEETGRASS PROJECT IN GREATER KNAPPEN Canada NewsWire ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM PROVIDES UPDATE ON SWEETGRASS PROJECT IN GREATER KNAPPEN\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 17, 2023\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to provide an operational update on its Sweetgrass Project within its Greater Knappen asset.\n \n \n \n Land Secured for Helium Recovery Plant\n \n \n \n Avanti is pleased to announce it has secured 40 acres of land in\n \n Liberty County, Montana\n \n which is expected to be the site of the Company's Helium Recovery Unit (HRU) that will process raw gas from the WNG 10-21, and WNG 11-22 wells. The site is located ~3-4 miles from the Company's\n \n Sweetgrass\n \n pool and is adjacent to an all-season public road. Avanti has signed a 25-year lease with an option to renew and has also secured all pipeline easements from the wells to the site. The lease agreement is subject to customary closing conditions.\n \n \n \n Helium Recovery Plant\n \n \n \n In addition to securing the land, the Company has completed the review of proposals from several midstream and Helium Recovery Unit manufacturers. The Company expects to move forward and enter into a definitive agreement with respect to development of the HRU in the coming weeks. The Company is targeting to have the HRU in place and on stream in Q4 2023.\n \n \n \n Liquefaction Tolling Agreement\n \n \n \n The Company is also pleased to announce it has signed a Helium liquefaction tolling agreement with Paradox Midstream LLC for 150 Mcf/d of helium gas to be liquified at Paradox's\n \n Lisbon\n \n gas plant located in\n \n Southern Utah\n \n . The liquefaction tolling agreement will commence upon completion of the Helium Recovery Unit, expected in Q4 2023.\n \n \n \"Having drilled one of the most significant helium wells in\n \n North America\n \n in decades, Avanti's focus has shifted to extracting best-in-class returns from production and commercial arrangements,\" commented\n \n Chris Bakker...