07:36 AM EDT, 09/29/2025 (MT Newswires) -- Avanti Helium ( ARGYF ) , which rose 12.5% last Friday, over the weekend said it raised $1.17 million in the first tranche of its non-brokered private placement of units. The company issued 4.57 million units at $0.28 each.

Each unit consists of one share and one-half of a 12-month warrant exercisable at $0.40 a share. Chief executive Chris Bakker subscribed for 1.76 million units, which were purchased in the first tranche, a statement said.

Proceeds will be used for the company's projects and general working capital requirements.