On December 19, 2023 the company closed the private placement. The company issued 1,100,000 Flow-Through units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 55,000 and 7,000,000 units for an issue price of CAD 0.035 per unit for gross proceeds of CAD 245,000 aggregate gross proceeds of CAD 300,000. Each Flow-through unit will be comprised of one (1) Flow-through common share and one half of one common share purchase warrant of the company.

Each full warrant will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of CAD 0.10 for a period of 24 months from the date of closing of the placement and each unit will be comprised of one common share and one common share purchase warrant of the company which will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of CAD 0.05 for a period of 36 months from the date of closing of the placement. The transaction included participation from Patrick Levasseur for 1,000,000 units, Robert Gagnon for 143,000 units, Ann Lavasseur for 100,000 Flow-Through units and 143,000 units, Bernard Tourillon for 143,000 units and François Rivard for 100,000 units. The transaction has been approved by the board of directors of the company.

The transaction included participation from 21 placees, including five insiders subscribing for a total of 1,529,000 common shares and 100,000 flow-through shares. The company paid finder's fees of CAD 2,800.35, 80,010 finder's warrants. Each Finder's warrants terms: Each finder's warrant entitles the holder to purchase one common share at the price of five cents for a period of 36 months.