Avanti Helium shares were higher Thursday morning after the company said it signed an agreement to develop a helium recovery plant to process the raw gas from its helium pool in Montana.
At 9:52 a.m. ET, shares were trading nearly 17% higher at 77 Canadian cents (58 cents).
The Toronto-listed helium exploration and development company said it signed a midstream agreement with IACX Resources Montana, a subsidiary of IACX Energy to build, finance and operate a helium recovery plant to process the raw gas from Avanti’s Sweetgrass helium pool.
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IACX will be tasked with building, financing and operating the helium recovery plant on site near the Sweetgrass pool.
Initially, the plant is expected to process 10 million cubic feet of raw gas a day, with the option of increasing production to 15 million cubic feet a day.
Avanti expects initial production early in the first quarter of next year, it said.
As part of the agreement, Avanti will pay a monthly fee for seven years with an option to renew annually for the life of the pools.
Write to Adriano Marchese at adriano.marchese@wsj.com
On a frosty morning in late December, Marce Hoffman backs two huge draft horses out of a barn at the historic 320 Ranch south of Big Sky.
“Step up, step up,” Hoffman instructs the horses as he maneuvers them toward a waiting sled. It’s time to take the animals out for a turn on a trail they’ll know well by the end of the winter season. They’ll tread the path up to seven days a week during the holidays and five days a week after that. The animals strain in their harnesses, eager to pull and run.
“They’re fresh. They won’t be fresh come New Year’s, though; they’ll be all muscled up, ready to go,” said Hoffman.
The 320 has a long history. It was homesteaded as two separate ranches more than 125 years ago.
“1912 they combined them to form 320 acres That’s how the ranch became known as the 320,” explained Hoffman as he practiced the history lesson he gives while narrating the ride through the high, narrow valley the ranch is nestled in, just outside the boundary of Yellowstone National Park.
In 1936, Bozeman doctor Carolyn McGill purchased the ranch.
Hoffman said, “She fell in love with this area on different hunting trips, trips down into the Yellowstone Park.”
You might recognize McGill’s name from somewhere else.
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“Caroline started the Museum of the Rockies in Bozeman; was actually called the McGill Museum when it first opened up,” said Hoffman.
Current owner Dave Bass purchased the ranch in 1985.
Hoffman explained that’s when the ranch really began to grow into a tourist Mecca. He said, “He (Bass) bought it up from a 20 gust capacity over 200 that we have today.” He pointed to cabins that drifted by, framed by the mountains and the Gallatin River. It’s the view guests get as they take a one-hour trail ride in the sleighs. Hoffman ticked off the sights: “You get to see Cinnamon Mountain, Burnt Top Mountain. We’ll be able to see the Spanish Peaks when we go along the Gallatin here. Looking back you’ve got a view of Monument.”
As he drives onto a flat, straight stretch of the trail, the horses get frisky. “These guys are gonna air out right here,” he cautioned, just as the horses break into a run. It demonstrated the challenge of managing big Percheron horses around guests.
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“Our number one priority is keeping everybody safe. So we always have to be constantly looking at the equipment. As far as the people, probably the hardest part is herding them up and getting them on the sleighs,” Hoffman laughed as he allowed that it is probably harder to manage the passengers than the animals.
Sitting next to him, Head Wrangler Logan McDaniel said she enjoyed working at the ranch.
“I like, of course, to drive and work with the horses but also meeting people from all around the world. You get to meet people from all different parts of life, all kind of different places,” she said. “They’re here for vacation. You get to kind of realize a little bit of people’s life story. It’s pretty cool just to meet different people.”
And the horses?
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Hoffman said, “We’re looking for good disposition, you know. We’re not looking for heavy pullers we’re just looking for horses that are pretty docile and easy-going horses. They’re not gonna win any pulling competitions here.”
But these workhorses are no slouches.
“We’ll pull 18 people no problem and these guys are big horses,” said Hoffman.
He said that translates to about 18 hands and nearly 2,000 pounds each. As the horses cool down after their workout, Hoffman wiped them down and explained how these animals cope with the harsh winters at the ranch.
“You know those horses are on hay, you know free choice grass hay and water. They do pretty well. We’ve got a lean-to for them to get out of the wind. But for the most part, you know, they’re pretty hearty animals,” he said.
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By late afternoon, as dusk descends on the ranch, guests begin to wander toward a pair of the big sleighs. They board the blanket covered seats for a ride out to the other end of the valley where a wood-floored canvass tent awaits. It’s heated and features a bar serving snacks, hot cocoa, cider, and more. A fire crackles in a pit surrounded by seats outside. After a bit of rest, the passengers will climb back into the sleds for a ride back to the ranch restaurant.
Taking in the view around them, Hoffman and McDaniel reflected on their jobs. Hoffman said, “There’s a lot of people that never seen a horse or been around horses, so it’s a good opportunity to you know, to introduce them to the horses.”
McDaniel added, “It’s cool watching people fall in love with the horses. That’s why I kind of do this. It’s to see people fall in love with horses like I do.”
MISSOULA — Montana State’s path to Frisco, Texas, for the FCS national championship has been built by Treasure State natives.
For Rylan Ortt, Adam Jones and Zac Crews, that road started with the decision to become Bobcats — and spurn the hometown Montana Grizzlies — after playing high school football at Missoula Sentinel.
“Rylan was the first guy to grow up a Griz fan and make that jump over to Bozeman for a lot of different reasons,” Sentinel football coach Dane Oliver told MTN Sports. “And so that kind of laid the foundation. And I know Zac and Adam both looked up to Rylan.
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“You know how recruiting works, if they’re having a positive experience wherever they’re at, it helps when they hear from a kid that they trust and know.”
Ortt joined Montana State in 2019 after a stellar Sentinel career playing quarterback and throwing the javelin. As the Spartans’ QB, Ortt threw for 2,098 yards and rushed for 750 yards as a senior in 2018.
In the javelin, he won the 2019 Class AA state championship with a throw of 208 feet, 8 inches.
Once in Bozeman, Ortt transitioned to safety. He redshirted in 2019, and the 2020 season was canceled due to the COVID-19 pandemic. In the four years since, he has emerged as one of the leaders on a defense full of Montana guys.
This season, he leads the Bobcats with 75 total tackles. He’s also caught one interception and forced and recovered a fumble.
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“He sacrificed a lot for our (Sentinel) program just having to play quarterback,” said Oliver, who played for the Grizzlies and was a member of their last national title team in 2001. “And hopefully that’s helped him being a safety, and maybe the knowledge you gain from the quarterback perspective has allowed him to have success at that level.”
While Ortt has been a stalwart in MSU’s secondary, Jones has had a breakout season on offense. He burst onto the scene in the Bobcats’ season-opening come-from-behind win at FBS New Mexico when he rushed for 167 yards, including a 93-yard touchdown that sparked the fourth-quarter comeback.
Jones this season has become the most prolific freshman runner in program history, rushing for 1,134 yards and 14 touchdowns. Against Idaho in the quarterfinals of the FCS playoffs, Jones accounted for 95 yards and four touchdowns with starting running back Scottre Humphrey sidelined.
“He’s got all the traits of what it takes to be great,” Oliver said of Jones. “You know, (Jones is successful) maybe a little earlier than I expected. I think the thing that Adam had going for him (in high school) was he was a three-sport athlete. You know, he was a heck of a baseball player, did hockey and football.
“He was always physical. … He’s got the hockey nature, so he’s not afraid of contact. But he’s put on some weight. He can finish runs, always falls forward, he’s got great vision. He’s got all the qualities of a back.”
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Jones, Crews and fellow Cats Dylan Rollins and J.J. Dolan each played a part in helping Sentinel win Class AA state football championships in 2020 and 2021. Prior to the 2020 title, the Spartans’ last championship came in 1972.
Crews, a sophomore, has turned into a contributor on the defensive line with 24 total tackles and 2.5 sacks.
Dolan is a redshirt freshman, and Rollins, the 2020 Gatorade Montana player of the year and a 2021 Sentinel grad, is a freshman after beginning his college career at BYU and serving an LDS mission.
Now they’re all part of an MSU program aiming to end its own drought and win its first national championship since 1984.
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“It’s fun to see them go on to be successful, not just the ones that play college football,” Oliver said. “It’s made me realize why I do this. It takes a lot of time and energy to coach high school football.
“So, just to see them grow into young men and have success and be fulfilled in it, whatever career they choose, and those guys are doing it on a public stage, and so obviously super rewarding for myself and all our staff to see the success they’re having.”
Montana State (15-0) will play North Dakota State (13-2) for the FCS national championship on Jan. 6.
After a thrilling 2024 season, FCS football will crown a champion when North Dakota State and Montana State battle on a Monday night. As the Bison and Bobcats near the pinnacle of the sport, let’s take a look back at their journeys.
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North Dakota State
Regular season
North Dakota State finished the regular season 10-2, losing its first game to Colorado out of the FBS and its final game to South Dakota out of the MVFC. The season-ending loss prevented the Bison from winning the MVFC outright, but it didn’t matter as NDSU still got the No. 2 overall seed in the playoffs.
FCS playoffs
North Dakota State fought off an early scare from Abilene Christian in the second round to win by 20 points. In the quarterfinals, the Bison beat Mercer 31-7 in a game they controlled from start to finish.
Semifinal round
In the semifinals, North Dakota State defeated South Dakota State for the second time this year to advance to the championship game. Click or tap here for more on the thrilling finish.
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Bison schedule
Opponent
Win/Loss
Score
Record
Ranking (AFCA)
at Colorado
L
31-26
0-1
No. 2
vs. Tennessee State
W
52-3
1-1
No. 2
at ETSU
W
38-5
2-1
No. 2
vs. Towson
W
41-24
3-1
No. 2
at No. 15 Illinois State
W
42-10
4-1
No. 2
vs. No. 6 North Dakota
W
41-17
5-1
No. 2
at Southern Illinois
W
24-3
6-1
No. 2
vs. No. 1 South Dakota State
W
13-9
7-1
No. 2
at Murray State
W
59-6
8-1
No. 1
vs. Northern Iowa
W
42-19
9-1
No. 1
vs. No. 14 Missouri State
W
59-21
10-1
No. 1
at No. 4 South Dakota
L
29-28
10-2
No. 1
vs. (15) Abilene Christian
W
51-31
11-2
No. 4
vs. (7) Mercer
W
31-7
12-2
No. 4
vs. (3) South Dakota State
W
28-21
13-2
No. 4
Key players this season
QB Cam Miller
RB CharMar Brown
RB TK Marshall
WR Bryce Lance
WR Braylon Henderson
TE Joe Stoffel
OL Mason Miller
OL Grey Zabel
DL Eli Mostaert
DL Kody Huisman
DL Loshiaka Roques
LB Logan Kopp
DB Darius Givance
K Griffin Crosa
North Dakota State has a reloaded roster under first-year head coach Tim Polasek. The Bison have the Jerry Rice Award winner CharMar Brown in the backfield along top-three Walter Payton Award finalist Cam Miller. The trenches are stout yet again with NFL prospect Grey Zabel on offense and All-American Eli Mostaert on defense.
Montana State
Regular season
Montana State finished the regular season 12-0 with the longest regular-season win streak in the FCS. Only two Bobcat games — an FBS win over New Mexico State and a Big Sky win over UC Davis — were within one possession.
FCS playoffs
Montana State’s dominance continued in the playoffs. The Bobcats didn’t play a close game in the first two rounds, averaging 50.5 points scored and a 32.5 margin of victory.
Semifinal round
In the semifinals, Montana State held off South Dakota to advance to the championship game. Tommy Mellott led the way offensively with 134 passing yards and a touchdown plus 125 rushing yards and two touchdowns. Click or tap here for more from the game.
Bobcat schedule
Opponent
Win/Loss
Score
Record
Ranking (AFCA)
at New Mexico
W
35-31
1-0
No. 4
at Utah Tech
W
31-7
2-0
No. 3
vs. Maine
W
41-24
3-0
No. 3
vs. Mercyhurst
W
52-13
4-0
No. 3
at Idaho State
W
37-17
5-0
No. 3
vs. Northern Colorado
W
55-17
6-0
No. 3
vs. No. 8 Idaho
W
38-7
7-0
No. 3
Portland State
W
44-14
8-0
No. 3
at Eastern Washington
W
42-28
9-0
No. 2
vs. Sacramento State
W
49-7
10-0
No. 2
at No. 4 UC Davis
W
30-28
11-0
No. 2
vs. No. 10 Montana
W
34-11
12-0
No. 2
vs. UT Martin
W
49-17
13-0
No. 1
vs. Idaho
W
52-19
14-0
No. 1
vs. South Dakota
W
31-17
15-0
No. 1
Key players this season
QB Tommy Mellott
RB Scottre Humphrey
RB Adam Jones
WR Taco Dowler
WR Ty McCullouch
TE Rohan Jones
OL Marcus Wehr
OL Conner Moore
OL Titan Fleischmann
OL Cole Sain
DL Brody Grebe
DL Paul Brott
LB McCade O’Reilly
LB Danny Uluilakepa
DB Andrew Powdrell
DB Rylan Ortt
P Brendan Hall
Montana State is an experienced group with a mix of young talent. Adam Jones was the runner-up for the Jerry Rice Award while senior Tommy Mellott is a top-three Walter Payton Award finalist. Brody Grebe leads the defense; he finished ninth in Buck Buchanan Award voting.
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