On September 13, 2023, Canadian North Resources Inc. closed the transaction. The company has issued 750,000 charity flow-through shares at a price of CAD 2.877 per share for gross proceeds of up to CAD 2,157,750 in its second and final tranche closing. The charity flow-through shares issued pursuant to its final closing are subject to a statutory four month hold period, which expires on January 14, 2024.

The company has paid finder's fees of CAD 483,438.04 in the transaction. The transaction included participation of 17 placees. The TSX Venture Exchange has accepted for filing documentation with respect to non-brokered private placement announced on July 27, 2023.