On April 19, 2024, Almonty Industries Inc., closed the transaction. The company issued closed three tranches of its non-brokered private placement through the sale of 4,263,263 Canadian Units at a price of CAD 0.55 per unit for the gross proceeds of CAD 2,344,794.65. The company issued 227,400 Canadian Units at a price of CAD 0.55 per unit for the gross proceeds of CAD 125,070 in its third tranche.