On December 29, 2023, Stelmine Canada Ltd. closed the transaction. The company has now issued 236,470 FT Units at a price of CAD 0.085 per FT Unit for the gross proceeds of CAD 20,099.95 in its third and final tranche closing. The company issued a total of 8,238,822 FT Units at a price of CAD 0.085 per FT Unit for the total gross proceeds of CAD 700,300 in the transaction. Each Warrant will entitle the holder to acquire one additional common share at a price of CAD 0.14 per common share for 24 months. In connection with the final tranche, the company has paid finder's fees of CAD 1,005. In connection with the Offering, the company paid finder's fees of CAD 40,030 in cash and issued 144,117 finder's warrants. The transaction included participation from 3 insiders for an amount of CAD 22,200.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 15 placees including existing insider involvement of 3 insiders for 261,176 flow-through shares and pro group involvement of 2 pro groups for 6,558,824 flow-through shares. The company paid finder's fees of CAD 40,030 and issued 144,117 finder's warrants.