On November 21, 2023, Abaxx Technologies Inc. closed the transaction. The company issued 3,665,218 common shares for gross proceeds of CAD 21,075,003.5 in the transaction. The transaction included participation from world?s largest institutional investors and top commodity infrastructure portfolio managers including new institutional shareholders from Canoe Financial, K2 Asset Management and the multiple additional leading global institutional investors.

The shares issued are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation.