On November 16, 2022, Basin Uranium Corp. closed the transaction. The company has issued 3,763,966 units for gross proceeds of CAD 564,594.9 in its second tranche.

The company has issued a total of 10,013,236 units and 557,000 flow-through shares for aggregate gross proceeds of CAD 1,602,245. The company issued 897,100 units for gross proceeds of CAD 134,565 pursuant to Regulation D.