AVANTI HELIUM SIGNS HELIUM MARKETING AGREEMENT WITH THE EDELGAS GROUP
The agreement between Edelgas and Avanti paves the way for the marketing and sale of Avanti's helium gas and/or liquid products. With an extensive network and decades of experience in the industrial, specialty, and rare gases sector, Edelgas is well-positioned to effectively promote and distribute Avanti's helium offerings.
Through this agreement, Avanti gains access to Edelgas' established network of end users, encompassing both short-term and long-term contracts. Leveraging their expertise, Edelgas excels in facilitating agreements tailored to meet the diverse needs of multiple end-user buyers. Their track record of successfully managing short and long-term contracts underscores their reliability and ability to deliver value to both Avanti and its customers. As the Company is targeting production in 2024, this collaboration marks a strategic alignment, poised to unlock new opportunities, and help drive growth for Avanti.
"Avanti is pleased to formalize our partnership with Edelgas, following several months of successful collaboration," stated
Avanti also announces that it will enter into agreements to settle amounts owing for services of approximately
Closing of the transaction is subject to customary closing conditions, including the approval of the
Avanti Helium is focused on the exploration, development, and production of helium across western
For corporate and shareholder inquiries, please contact:
Investor Relations
Phone: 403-394-0409
Email: investors@avantihelium.com
Website: www.avantihelium.com
The information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release, including statements relating to the completion of the financing transaction described herein, including satisfaction of the conditions to closing, statements relating to the expectation that the Company will enter into helium purchase agreement in accordance with the terms of the offtake LOI, the expected use of proceeds from the financing transaction, the expectation that the Company will be able to complete the transactions herein and begin receiving cashflow from the Sweetgrass project in Q2, 2024, and the expected impacts to the Company's business that are disclosed herein which relate to the completion of these transactions. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: the Company's ability to satisfy the closing conditions for the financing transaction, the Company negotiating and entering into the helium purchase agreement, on terms favorable to the Company, or at all, and timely completion of the infrastructure work, , risks associated with helium exploration, development, production, marketing and transportation, volatility in helium prices, risks relating to the Company's ability to access sufficient capital from production and external sources, risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information. Please see the public filings of the Company at www.sedarplus.ca for further information and risks applicable to the Company.
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