#Canada #Calgary #helium production #Sweetgrass #Avanti Helium

Exciting Development for Avanti Helium

Avanti Helium Corp. (TSXV: AVN) has recently achieved a significant milestone in the progression of its Sweetgrass Helium Project located in Montana. The company announced the advancement of an initial payment installment, which is crucial for commencing final plant modifications, disassembly, and relocation of its helium processing facility. This assessment marks a pivotal transition from late-stage development to the verge of production, aiming for the first helium production by mid-2026.

The processing plant, which was previously erected and operational, is set to undergo specific modifications tailored to the Sweetgrass project before being moved to the Montana site for installation and commissioning. With this milestone now in action, Avanti anticipates a substantial acceleration of project activities in the weeks ahead, which include necessary plant modifications and optimization, logistical disassembly, and infrastructural integration.

Key Activities Ahead

As per the timeline, Avanti's strategy includes simultaneous execution of various critical tasks aimed at ensuring a streamlined transition to production. This will involve:

• - Final Plant Modifications and Optimization: Each component of the processing plant will be meticulously upgraded to align with the unique requirements of the Sweetgrass project.
• - Plant Disassembly and Transport Logistics: Coordination of transport logistics will ensure all parts of the facility are safely and timely relocated.
• - Montana Lease Site Preparation and Civil Work: Preparation of the site for optimal plant installation will commence immediately.
• - Facility Pad Construction and Infrastructure Tie-Ins: Work to lay the foundation needed for the facility's operation will run concurrently.
• - Piping, Metering, and Compression Installation: Installation of vital components to ensure an efficient operation during commissioning.
• - Final Commissioning and Startup Preparation: Ensuring readiness for operations once the facility is officially live.

This coordinated strategy aims to shorten the timeline necessary for producing helium, thereby minimizing risks associated with the final development phase.

Immediate Plans for Montana

Alongside the movements regarding plant relocation, Avanti is preparing to start site development and construction in Montana without delay. Ground crews and construction contractors are gearing up for construction efforts that will include:

• - Site Grading and Lease Preparation: Initial preparations to ensure fit for facility installation.
• - Civil Earthworks and Pad Construction: Necessary civil works to accommodate the helium processing facility will move forward promptly.
• - Building and Utility Installation: Installing utilities essential for the operational integrity of the site.
• - Wellsite Integration and Inlet Infrastructure: Establishing connections that will be critical for the plant operations.
• - Final Pipeline and Facility Connections: Ensuring that all necessary pipelines and connections are in place.

CEO Chris Bakker emphasized the significance of these developments, stating that advancing the initial payment signals a pivotal move into the execution phase, solidifying the path to mid-year production.

The Market Context

As the global helium market experiences tightening supply and increasing demand within the U.S., Avanti believes that the Sweetgrass project is uniquely positioned to serve as a reliable North American source of high-purity helium. The facility is expected to contribute significantly to various industries, including semiconductor manufacturing, aerospace, healthcare, and advanced manufacturing, following its commissioning.

Conclusion

Avanti Helium's focused approach on the Sweetgrass Helium Project not only aims at establishing a steady supply of this critical element but also positions the company as a key player in the helium market amidst rising demand.

For further information and updates, you can visit Avanti's website at www.avantihelium.com.