On July 19, 2022, CAVU Energy Metals Corp. closed the transaction. The company has issued 1636,666 flow-through units for gross proceeds of CAD 491,000 in its second and final tranche.

The company has issued 3,333,332 flow-through units for total proceeds of CAD 999,999.80. The second tranche included participation from insiders of the company for 33,333 flow-through units.