On December 22, 2023, First Tellurium Corp. closed the transaction. The company issued 335,000 units for an issue price of CAD 0.10 per unit for gross proceeds of CAD 33,500 in it's second and final tranche.

No commissions or finders fees were paid in connection with the Second Tranche closing. The company has received $35,704 (CAD 48,916.2652) from 3 investors pursuant to exemption provided under Regulation D.