On November 9, 2022, Vital Battery Metals Inc. closed the transaction. The company has amended the terms of the transaction. The company has issued 9,200,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 2,300,000.

The company has paid finderÆs fees of CAD 58,975 nd issued 235,900 finderÆs warrants to armÆs-length parties, entitling the holder to acquire one share at a price of CAD 0.35 per share for a period of 24 months. All securities issued pursuant to the transaction will be subject to a hold period expiring March 9, 2023.