RE:AGM Looks like they are leaning toward a midstreamer...
The Company also sought out and evaluated engaging mid-stream facility for the processing of gaseous helium. The advantage of using helium specific mid-stream operators would allow the Company to better manage and mitigate construction and operating risks, while focusing on its core competencies. It is also believed that entering into an agreement with a mid-stream operator would dramatically reduce equity capital requirements as the midstream company would provide the capital equipment for a fixed fee for service, which for Avanti would be classified as a right-of-use asset. A midstream company may also accelerate establishment to a facility over a Company built facility, and thus, accelerate advancement to potential helium sales and potential cash inflows. In the coming months, the Company expects to finalize a decision on whether to enter into an agreement for a gaseous mid-stream facility or construct its own facility in Montana.