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Avanti Helium Corp V.AVN

Alternate Symbol(s):  V.AVN.WT | V.AVN.WT.A | ARGYF

Avanti Helium Corp. is a Canada-based gas exploration company. The Company is focused on helium exploration and development resources across Western Canada and the United States. Its projects include Greater Knappen Project and Leader Project. The Greater Knappen Project has identified key areas for helium exploration in Southern Alberta and Montana. The project covers an area of approximately 78,000 acres of prospective helium acreage within the Greater Knappen area. The asset has multiple helium target intervals in Devonian and Cambrian. The Leader project area, located in southwest Saskatchewan, contains three helium exploration permits for a total of approximately 63,000 acres. The permits were identified and acquired, based on the Company’s detailed geological models and technical assessment. Its targeted zones are the Devonian Souris River and Cambrian Deadwood SS with known helium concentrations up to 1.4% and nitrogen up to approximately 98%.


TSXV:AVN - Post by User

Comment by Greygoat420on Jun 27, 2024 11:32am
58 Views
Post# 36108968

RE:RE:RE:RE:RE:New Press Release - Avanti Helium Announces Resignation of Director

RE:RE:RE:RE:RE:New Press Release - Avanti Helium Announces Resignation of DirectorLatest target for production is end of Q3/early Q4, six months later than original estimated production date.  From the last MD&A issued at the end of April, there was no mention that IACX had shipped any of the modules for the HRU to site.  Based on the recently revised target date, IACX won't ship any equipment to site until late July or early August.  This is based on previous PRs that stated IACX would ship equipment in December of '23 for production in early Q1 of 2024. Not sure why the delay, but maybe IACX held back on the fabricaton of the HRU modules until they were more confident that Avanti would actually sell what was being produced (i.e. absence of a signed offtake agreement, but have now signed an agreement with Edelgas to help market and sell Avanti's production).  There's no point building the HRU if you can't get paid for the production.   
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