Arvana signs non-binding LOI to acquire Luxcor gold assets in Arizona for shares and $3M working capital

ARVANA INC

Arvana (AVNI) enters LOI to acquire Luxcor's gold mining claims and processing mill in La Paz County, Arizona.
Consideration includes restricted common shares valued at $0.50/share, net revenue split from gold production, and $3M working capital commitment.
The LOI is non-binding, subject to due diligence and execution of a definitive agreement.
CEO Ruairidh Campbell cites growth strategy and precious metals demand as rationale for entry into mining.

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