On December 24, 2021, Altan Nevada Minerals Limited closed the transaction. The company has issued 7,125,926 common shares for a total gross proceeds of CAD 471,259. The company has paid finders' fees in cash to Canaccord Genuity (Australia) Ltd. CAD 12,000, Parkwise Corp.

Pty. Ltd. CAD 2,400, Avalancia Pty. Ltd. CAD 3,600, International Research Corp.

Pty. Ltd. CAD 6,255.56 and Research Capital Corp. CAD1,200.

The shares issued under the offering will be subject to a statutory hold period expiring on April 25, 2022. The transaction included participation from 25 placees including pro group involvement of 1 placee for two million. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.