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.
Avanti Helium Closes Second Tranche of Private Placement
Updated: Sep 18