11:42 AM EDT, 10/16/2025 (MT Newswires) -- Avanti Helium ( ARGYF ) said Thursday that it raised $375,000 in the second and final tranche of its non-brokered private placement of units, bringing the total raised to $1.54 million.

The company issued 1.5 million units at $0.25 apiece for the second tranche. Each unit consists of one share and half a 12-month warrant to buy a share at $0.40.

Proceeds from the offering will be used for developing Avanti's projects and general working capital.

Avanti shares are up $0.005, to $0.29, on the TSX Venture Exchange.