On May 24, 2024, Founders Metals Inc. closed the transaction. The transaction included participation from a UK institution. In connection with the Offering, the company paid a cash finder's fee in the aggregate amount of CAD 600,000 to certain finders.

The Offering remains subject to final acceptance of the TSXV. The company has received $270,196 (CAD 372,062.59396) from single investor pursuant to exemption provided under Regulation D. Sales commission paid $16,211 (CAD 22,322.70911).