On January 12, 2023, Canadian Metals Inc. closed the transaction. The company issued 5,528,556 non flow-through unit at a price of CAD 0.0316 per non flow-through unit for proceeds of CAD 174,702 in its second and final tranche closing. In connection with the second tranche, the company paid cash finder's fees of CAD 7,896.00 to eligible finders.

No insiders of the company participated in the second tranche.