On June 29, 2023, Genius Metals Inc. closed the transaction. The company amended the terms of the transaction and issued 17,190,000 units at a price of 0.05 per unit for gross proceeds of CAD 859,500 with each such unit comprising one common share and one common share purchase warrant entitling the holder thereof to purchase one common share at an exercise price of CAD 0.10 for a period of 24 months, and 4,055,333 common shares issued as flow-through shares at a price of CAD 0.06 per flow-through share for gross proceeds of CAD 243,320 for total gross proceeds of CAD 1,102,820. In connection with the transaction, the corporation paid finders' fees in the amount of CAD 6,650 to certain arm's-length third parties who assisted the corporation by introducing subscribers to the transaction. Four directors, two officers and one advisor of the corporation have participated in the transaction and were issued an aggregate of 2,220,000 common shares units and 600,333 flow-through shares in the transaction.

TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 61 placees including existing insider involvement of six insiders for 1,820,333 common shares