On October 24, 2023, Edison Lithium Corp. closed the transaction. The closing of the transaction remains subject to the final acceptance by 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 24 placees existing insider involvement of six insiders for 920,000 and pro group involvement of one pro group for 100,000. The company paid finder's fees of CAD 42,336 in cash and issued 352,800 warrants. Each warrant entitles the holder to purchase one common share at the price of CAD 0.20 for period of two years from the date of issuance. The transaction included participation from 24 investors including existing six insiders for 920,000 units and one pro group for 100,000 units.