On May 1, 2023, C3 Metals Inc. closed the transaction. The company has issued 6,640,000 common shares at an issue price of CAD 0.05 per share for the gross proceeds of CAD 332,000 in its second and final tranche. The company has received CAD 5,000,000 funding till date.

The Company paid certain eligible finder's cash commissions in the aggregate of CAD 93,900.