On December 21, 2021, Canada Silver Cobalt Works Inc. closed the transaction. The company issued 5,904,578 flow-through shares for gross proceeds CAD 1,358,052.94, and 8,595,883 Québec flow-through common shares for gross proceeds of CAD 2,063,011.92 for aggregate proceeds of CAD 3,421,064.86 on best efforts basis. The transaction included participation from 10 placees.

In addition, the Company paid to GloRes Securities Inc. a cash finder's fee of CAD 87,500 and 367,753 finder's warrants, CAD 72,487 and 308,421 warrants to Canaccord Genuity Corp, CAD 72,487 and 308,421 to Research Capital Corp. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.