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AVANTI HELIUM UNDERWAY WITH PRODUCTION DEVELOPMENT
AVANTI HELIUM UNDERWAY WITH PRODUCTION DEVELOPMENT Canada NewsWire CALGARY,...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI HELIUM UNDERWAY WITH PRODUCTION DEVELOPMENT\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 July 28, 2023\n \n \n /CNW/ -\n \n Avanti Helium Corp.\n \n (TSXV: AVN) (OTC: ARGYF) (\"Avanti\" or the \"Company\") is pleased to report that following the announcement of the agreement for third-party construction and ownership of the Helium Recovery Unit (HRU) to produce the Sweetgrass discovery (please see press release dated\n \n July 27, 2023\n \n ), the Company is now able to aggressively move forward to achieve its commercial production.\n \n \n \"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,\" commented\n \n Chris Bakker\n \n , Avanti CEO. \"In securing the HRU, Avanti will be able to deliver on its commitments to offtake customers.\"\n \n \n \n Offtake Agreements\n \n \n \n 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.\n \n 1\n \n \n \n \n Surface Lease and Easements\n \n \n \n Avanti has taken the necessary 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.\n \n \n \n Financial Flexibility\n \n \n \n The HRU solution also moves forward Avanti's discussions for non-dilutive financing options. Managing dilution and providing best value for existing shareholders remains the primary focus for management. Avanti is in discussions with multiple parties regarding possible royalty funding arrangements as well as possible debt instruments. Moving closer to cash flow via the HRU and offtake discussions greatly improves the Company's ability to negotiate an attractive arrangement.\n \n \n \n About Avanti Helium Corp\n \n \n \n Avanti Helium is...