Avanti Secures Up to $10 Million to Advance Sweetgrass Helium Project

Avanti Helium Corp., based in Calgary, Alberta, has entered into a definitive investment agreement with RiverFort Global Opportunities PCC Ltd. of Gibraltar for a secured convertible credit facility with an aggregate face value of up to $10 million. The financing remains subject to acceptance by the TSX Venture Exchange (TSXV) and the fulfillment of customary closing conditions.

The agreement marks a significant step for Avanti as it works to bring its helium assets into commercial production. The company expects the financing to strengthen its near-term liquidity while creating a longer-term institutional capital platform to support development, infrastructure investment and future expansion of its industrial gas business.

Avanti expects the initial drawdown under the facility to fund remaining site work and accelerate development of the Sweetgrass Project toward first production. The staged financing structure is intended to provide capital as project milestones are achieved, giving the company greater flexibility as it moves from construction into production and cash generation.

According to Avanti, helium remains a strategically important industrial gas because of its applications across semiconductor manufacturing, aerospace, healthcare and defense. Rising demand from these sectors has increased the importance of securing reliable North American helium supplies.

Avanti Chief Executive Officer Chris Bakker described the financing as a pivotal milestone that provides the company with the capital required to pursue first helium production. He said the facility will allow Avanti to execute its development plans while maintaining flexibility for disciplined long-term growth and strategic capital allocation.

RiverFort also highlighted Avanti's progress toward production. Liam Bulmer, Head of Investments at RiverFort, said the company has several important project components already in place, including drilled helium wells, a processing plant secured for transportation to the Sweetgrass site and a foundational offtake agreement announced on August 7, 2025.

RiverFort said its financing structure is designed to provide capital in stages as the project develops. The investment reflects its view that Avanti has a defined pathway from construction to commercial production, cash flow generation and eventual expansion.

The financing could therefore help reduce development delays and improve Avanti's ability to transition Sweetgrass into an operating helium asset. Successful execution would also strengthen the company's position in the North American industrial gas market and potentially support future production growth.

Impact on Product and Chemical Commodity Prices:

The immediate impact on helium is likely to be modestly positive because the financing improves Avanti's ability to advance Sweetgrass toward commercial production, potentially adding future North American supply. However, the facility does not represent immediate helium output, so near-term prices may remain largely driven by existing supply-demand conditions. If Sweetgrass reaches production as planned, additional regional supply could ease tightness and place mild downward pressure on helium prices over the medium term. For chemical commodities tracked by ChemAnalyst, the effect should remain limited because helium is a specialized industrial gas. Semiconductor, aerospace and healthcare demand could nevertheless provide underlying price support.