Canadian helium exploration company Avanti Helium has signed a multi-year take-or-pay helium offtake deal with an unnamed industrial gas supplier.
Through the three-year deal, which has an option to renew, the buyer has agreed to purchase around 33% of the initial output each month at Avanti’s Sweetgrass helium recovery unit in Montana, and 25% after the plant expands.
Avanti Helium’s Sweetgrass facility in Montana is not yet operational. Production, originally scheduled to start in late 2023 and then pushed to the first half of 2024, is now expected to begin later this year.
The helium recovery unit is built to handle around 10 million cubic feet of raw gas per day and can be expanded to 15 million cubic feet per day. It is expected to recover around 100,000 cubic feet of helium daily at first, with the potential to increase to 150,000 cubic feet per day.
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