On May 4, 2023, the company issued 466,667 traditional flow-through units at an issue price of CAD 0.75 per traditional flow-through unit for gross proceeds of CAD 350,000.25 in the first tranche. No finders’ fees were paid in connection with the First Tranche. The transaction is subject to the final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees including existing insider involvement of two insiders for 333,334 traditional flow-through units.