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Avanti Helium Secures Up to US $10 Million Institutional Growth Financing To Support Its Transition Into Commercial Helium Production And Long-Term Expansion
- ARGYF
- AVN
CALGARY, AB, Aug. 24, 2026 /CNW/ — Avanti Helium Corp. (TSXV: AVN) (OTCQB: ARGYF) (“Avanti” or the “Company“) is pleased to announce that it has entered into a definitive investment agreement with RiverFort Global Opportunities PCC Ltd. (“RiverFort“) for a secured convertible credit facility with an aggregate face value of up to US$10 million (the “Facility“), subject to acceptance of the TSX Venture Exchange (“TSXV“) and the satisfaction of customary closing conditions.
The financing represents an important milestone for Avanti as the Company advances toward commercial helium production. Management believes the Facility establishes a long-term institutional capital platform that provides financial flexibility to execute the Company’s near-term development objectives while supporting its broader long-term growth strategy. The initial drawdown is expected to provide the necessary funding to allow the Company to finalize site work and advance the Sweetgrass Project toward production.
The Facility is expected to provide financial flexibility to support Avanti’s transition into commercial production while establishing a long-term capital platform to support disciplined growth, strategic infrastructure investment and future expansion as the Company continues to build its industrial gas business.
The Company believes this financing is well aligned with its current stage of development, providing access to institutional growth capital as Avanti advances toward commercial production while maintaining the financial flexibility to pursue disciplined long-term growth initiatives. Helium remains a critical input for the semiconductor, aerospace, healthcare and defense sectors.
Chris Bakker, Chief Executive Officer, commented: “This financing is a pivotal milestone for Avanti and provides the capital we need to deliver first helium production. As we advance toward commercial production, it provides us with the financial flexibility to execute our development plans while also supporting our long-term growth strategy.
We’re pleased to be partnering with RiverFort and appreciate their confidence in our assets, our team and our vision for the Company. Our objective has always been to build a sustainable industrial gas business through disciplined capital allocation and long-term value creation, and we believe this financing provides an important foundation for the next phase of Avanti’s growth.”
Liam Bulmer, Head of Investments at RiverFort, added: “We are pleased to support Avanti with a structured financing solution as the Company advances the Sweetgrass Project toward commercial production. Avanti has several key building blocks in place, including helium wells drilled, a processing plant secured for transport to site and a foundational offtake agreement (see news release dated August 7, 2025).
