Avanti Helium Corp. announced it has secured 40 acres of land in Liberty County, Montana which is expected to be the site of the Company's Helium Recovery Unit (HRU) that will process raw gas from the WNG 10-21, and WNG 11-22 wells. The site is located ~3-4 miles from the Company's Sweetgrass pool and is adjacent to an all-season public road.

Avanti has signed a 25-year lease with an option to renew and has also secured all pipeline easements from the wells to the site. The lease agreement is subject to customary closing conditions. In addition to securing the land, the Company has completed the review of proposals from several midstream and Helium Recovery Unit manufacturers.

The Company expects to move forward and enter into a definitive agreement with respect to development of the HRU in the coming weeks. The Company is targeting to have the HRU in place and on stream in Fourth Quarter 2023.