On July 5, 2024, MTB Metals Corp. closed the transaction. The company issued 6,350,000 flow through units at an issue price of CAD 0.04 per FT Unit for the gross proceeds of CAD 254,000 and 2,250,000 non-flow-through units at a price of CAD 0.04 per NFT Unit for the gross proceeds of CAD 90,000; aggregate gross proceeds of CAD 344,000.

Each NFT Unit consists of one common share and one Share purchase warrant. Each NFT Unit Warrant entitles the holder thereof to purchase one Share for a period of 24 months from the date of issuance at an exercise price of CAD 0.08 per NFT Unit Warrant Share. Each FT Unit consists of one flow-through common share and one-half of one Share purchase warrant.

Each FT Unit Warrant entitles the holder thereof to purchase one Share for a period of 18 months from the date of issuance at an exercise price of CAD 0.08 per FT Unit Warrant Share. The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued in connection with the Offering are subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

Lawrence Roulston and Mark Brown purchased or acquired direction or control over a total of 1,500,000 NFT Units and 1,625,000 FT Units as part of the Offering.