Avanti Gold to Raise US$10.7 Million for Expanded Exploration at Misisi Gold Project, DRC

Avanti Gold, a Canada-based exploration company, has announced plans to raise C$15 million (US$10.7 million) through a private placement, marking a decisive step in advancing its Misisi Gold Project in the Democratic Republic of Congo (DRC). The financing, expected to close by October 20, 2025, is designed to accelerate ongoing exploration and expand the company’s resource base within one of Central Africa’s most prospective gold regions. Pending shareholder and regulatory approval, this capital raise underscores investor confidence in both Avanti’s technical progress and the broader growth potential of the DRC’s evolving gold industry.

Under the proposed transaction, Avanti will issue 30 million new shares at C$0.50 per share, with proceeds directed toward intensified exploration at Misisi. The project currently hosts an estimated 3.1 million ounces of gold, and the new funding will enable a 5,000-meter diamond drilling program planned for 2025. This campaign will target the expansion of high-grade zones and improve the geological understanding of the project’s mineralization, particularly at the Akyanga deposit, a key component of the Misisi complex previously valued at approximately C$2.5 million during earlier exploration phases.

The Misisi project represents a cornerstone in Avanti’s African growth strategy, located within a geologically rich belt known for hosting world-class gold deposits. The DRC government has actively encouraged large-scale gold development as part of its broader initiative to diversify the mining economy beyond copper and cobalt. Avanti’s expansion plan aligns closely with this policy direction, positioning the company to benefit from supportive regulatory conditions and growing international interest in Congolese gold.

Beyond strengthening Avanti’s project pipeline, the financing will also enhance operational momentum by funding additional technical studies, infrastructure planning, and community engagement programs. With the successful completion of this raise, Avanti aims to accelerate the transition from exploration to resource definition, paving the way for potential feasibility studies and future production planning.

If fully executed, this capital infusion could prove transformative, not only for Avanti Gold but also for the DRC’s gold sector as a whole. It would reinforce the country’s efforts to attract responsible investment and establish itself as a continental leader in gold production, complementing its already dominant position in base and battery metals. For Avanti, the Misisi project could become a flagship asset capable of anchoring long-term regional operations and contributing meaningfully to the DRC’s mining-driven economic diversification.

Mini-Glossary

• Private Placement: A method of raising capital by selling shares directly to a small group of investors rather than through a public offering.
• Diamond Drilling: A core drilling technique that uses a diamond-tipped bit to collect continuous rock samples for geological analysis.
• Deposit: A naturally occurring concentration of minerals that has economic potential for extraction.
• Resource Base: The total quantity of a mineral identified through exploration and geological studies.
• Feasibility Study: A comprehensive technical and financial evaluation conducted to determine whether a mining project is viable for development.
• Mining-Driven Economic Diversification: A national strategy to expand economic output by developing multiple mineral sectors rather than relying on a single commodity.