On December 21, 2023, Comet Lithium Corporation, closed the transaction. The company issued 1,048,000 common shares at a price of CAD 0.50 per share, and 76,461 "flow-through" common shares at a price of CAD 0.85 per flow-through share, for aggregate gross proceeds of CAD 588,991.85 in its second and final tranche closing. The company paid CAD 6,930 as placement agent fee to Argonaut Securities PTY Limited in the transaction.

The transaction included participation from Vincent Metcalfe, the executive chair of the board of the director of the corporation, purchased 100,000 shares, Vincent Cardin-Tremblay, the vice president, Exploration of the corporation, purchased 20,000 Shares, Sébastien Bellefleur, a director of the corporation, purchased 30,000 shares. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 70 placees, 3 insiders with aggregate existing insider involvement of 150,000 common shares and 5 groups with aggregate pro group involvement of 149,000 flow-through shares.

The company has paid CAD 45,853.50 finder's fee in the transaction.