On July 25, 2022, Canadian Metals Inc. closed the transaction. The company amended the terms of the transaction. The company issued 1,950,000 units at a price of CAD 0.10 per unit and 1,247,300 common shares , issued on a flow-through basis, at a price of CAD 0.13 per share for total cumulative gross proceeds of CAD 357,149.

Certain insiders of the company subscribed for a total of 100,000 Units under the private placement. The company paid finder fee of CAD 9,598.68 in cash and issued 73,836 non-transferable finder's warrants entitling the holder thereof to purchase one share at an exercise price of CAD 0.20 per share for a period of 24 months from the closing date.