On January 23, 2024, Battery X Metals Inc., closed the transaction. The company issued 4,271,500 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 427,150. As a part of the transaction, the company paid a cash finder fee of CAD 6,732.00 and a total of 55,320 finder units of the company.

Each finder unit comprises one common share in the capital of the company and one transferable common share purchase warrant of the company. Each finder warrant is exercisable to acquire an additional common share of the company at a price of CAD 0.20 per finder warrant share until January 24, 2026.