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Avanti Helium Corp V.AVN.WT


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

Avanti Helium Corp. is a Canada-based pure play helium exploration company. The Company is focused on the exploration, development, and production of helium 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. In Alberta, it has a project in Aden and in NW Montana, there are four project areas: Sweetgrass, Keith, Kicking Horse and Police Coulee. Leader Project consists of several permit areas; each permit is in different areas in Southwestern Saskatchewan. The permit areas are Maple Ridge, Fox Valley, Burstall, Abbey and Kyle. It covers approximately 91,000 acres of helium prospective land.


TSXV:AVN - Post by User

Post by Greygoat420on Sep 04, 2024 10:49am
340 Views
Post# 36207955

Production Delays

Production DelaysThis stock will continue to drift lower in the next few months. Quarterly MD&A was posted to SEDAR on August 30th. Management are now looking for production to start in early 2025. That's right, another delay.  Until they sign some supply/sales agreements, IACX will not start building the MWPP.  Management have pis*** away any confidence that the market had that they will ever be able to start production. From previous news releases Avanti is now going to be over one year behind the original schedule that Bakker had announced back in October/November 2023. You can't keep moving the goalpost. Also, Stonecastle liquidated their entire holding of Avanti in June and July. They only hold warrants now which are worthless and will likely expire. This latest non-brokered deal smells like desperation to keep the lights on for another few months. 
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