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Avanti Helium Closes Second Tranche of Private Placement

Updated: Sep 18, 2023

Avanti Helium closed the second tranche of its private placement, issuing 150k units at C$0.60/unit, resulting in gross proceeds of C$90k. Combined with the first tranche which closed in Aug'23, the company has raised a total of C$1mm. These funds will be used for the Helium Recovery Plant in Montana and general working capital, supporting the company towards commercial production and exploring non-dilutive financing options.

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