18:02:31 EDT Sat 10 Jun 2023
Enter Symbol
or Name

Avanti Helium Corp
Symbol AVN
Shares Issued 77,086,622
Close 2023-02-28 C$ 0.69
Recent Sedar Documents

Avanti Helium tests up to 1.2% He at WNG 10-21 well

2023-03-01 11:03 ET - News Release

Mr. Chris Bakker reports


Avanti Helium Corp. has received the lab results from the gas analysis from the Flathead Cambrian zone at its WNG 10-21 helium appraisal well in Greater Knappen, Montana.

The lab results showed the gas consisted of 1.15 per cent to 1.2 per cent helium, with approximately 97.5 per cent nitrogen, and minor showings of methane and CO2 (carbon dioxide) making up the remainder. Additional gas samples will be sent to a more specialized lab to determine if there are any additional noble gases.

"With helium percentages in the 1.15- to 1.2-per-cent range, combined with great flow rate and surface pressure, our WNG 10-21 continues to deliver incredible results," said Chris Bakker, Avanti chief executive officer.

The company also announces that the board of directors has granted incentive stock options to acquire up to an aggregate of 2.3 million common shares. Of the options granted, 1.06 million have been granted to directors and executives of the company. The options are exercisable at a price of 80 cents, have a term of five years and may be subject to certain vesting provisions as determined by the board of directors.

About Avanti Helium Corp.

Avanti Helium is focused on the exploration, development and production of helium across Western Canada and the United States. Avanti's professional oil and gas exploration and production team is actively targeting helium trapped in structures to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries.

We seek Safe Harbor.

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