CALGARY, AB, January 6, 2025 – Avanti Helium Corp. (TSXV: AVN) (OTC: ARGYF) (“Avanti” or the “Company”) is pleased to report an expansion of its previously announced non-brokered private placement financing (the “Offering”). The Offering, comprised of units (“Units”) priced at $0.09 each, has increased from 5,555,555 Units to a maximum of 13,363,333 Units, resulting in potential gross proceeds of up to $1,202,700.

Each Unit in the Offering includes one common share (“Share”) and one Share purchase warrant (“Warrant”). Each Warrant allows the holder to acquire an additional Share at $0.15 per Share within three years of issuance.

Chris Bakker, the Company’s Chief Executive Officer and a director, will purchase 2,944,444 Units for $265,000. This participation constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates exemption from the valuation and minority shareholder approval requirements of MI 61-101, Sections 5.5(a) and 5.7(a), as Mr. Bakker’s participation is projected to remain under 25% of the Company’s fair market capitalization.

The Offering’s net proceeds will fund ongoing project costs and general working capital.

The Company may pay finders’ fees in cash or Company securities.

All securities issued under the Offering, including those from warrant exercises, are subject to a four-month and one-day hold period from the issuance date.

The Offering is expected to close around January 13, 2025, subject to TSX Venture Exchange approval.

This announcement does not constitute a securities offering in the United States. The securities offered are not, and will not be, registered under the U.S. Securities Act of 1933 or applicable state securities laws. Sales within the United States require registration under the U.S. Securities Act and state securities laws, or an applicable exemption.

About Avanti Helium Corp.

Avanti focuses on helium exploration, development, and production across western Canada and the United States. Avanti’s team actively targets helium trapped in geological formations to meet growing global demand for this critical element used in advanced technology, medical, and space exploration industries. For more information, visit the Company’s website at .

Forward-Looking Statements

This news release includes forward-looking statements based on current assumptions. These statements reflect management’s current beliefs, intentions, and expectations and are not guarantees of future performance. All forward-looking statements are inherently uncertain, and actual results may differ due to various factors beyond the Company’s control, including: timing of helium recovery plant development and initial production; benefits from midstream and liquefaction agreements; securing financing for plant infrastructure; exploration, development, production, marketing, and transportation risks; helium price volatility; capital access; risks related to the Company’s limited operating history; and environmental and regulatory compliance. Actual results may differ materially. Except as required by securities laws, the Company does not undertake to update forward-looking information. See the Company’s public filings for further information and risks.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for this release’s accuracy or adequacy. 

SOURCE Avanti Helium Corp.