On October 14, 2022, Benchmark Metals Inc. closed the transaction. The company issued a total of 26,520,000 units for a gross proceeds of CAD 11,138,400, and 19,759,300 flow-through units for a gross proceeds of CAD 9,484,464; for aggregate total gross proceeds of approximately CAD 20,622,864 in the transaction. The placement agent has utilized over-allotment option.

The company has issued 4,166,600 flow-through units for gross proceeds of CAD 1,999,968 in its second and final tranche. The transaction involved participation from 44 investors with five insiders of the company subscribing for 4,970,000 units and 552,500 flow-through units. The transaction also involved participation from and aggregate pro group of one investor for 100,000 flow-through units.