---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-23-000348"
form_type: "8-K"
ticker: "AVNI"
cik: "0001113313"
company_name: "ARVANA INC"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:39:05.872530+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001607062-23-000348
- form_type: 8-K
- ticker: AVNI
- cik: 0001113313
- company_name: ARVANA INC
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113313/000160706223000348/0001607062-23-000348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113313/000160706223000348/avni062923form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-23-000348
- JSON: https://secwatch.observer/filing/0001607062-23-000348.json
- Plain text: https://secwatch.observer/filing/0001607062-23-000348.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.