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Avanti Advances on Sweetgrass Pool with an Offtake Agreement

Avanti Helium is progressing with the construction of the Helium Recovery Unit (HRU) site and pipeline work connecting wells to the HRU site on the Sweetgrass pool project in Greater Knappen. Avanti now expects completion by late Q1/early Q2'24, which is delayed from the previous target of production and sales from Sweetgrass in Q4’23. Additionally, the company has signed a non-binding Letter of Intent for a potential helium purchase and sale agreement, positioning itself favourably in a tight global helium market.

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Avanti Helium closed a C$1.2mm private placement for its Helium Recovery Plant (HRU) in Montana. The placement consists of 3mm units priced at C$0.40/unit, each comprising of one common share and one

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