On December 22, 2023, Fokus Mining Corporation closed the transaction. The company paid CAD 1,880 cash commissions to Canaccord Genuity Corp. Each warrant entitles the holder to acquire one additional common share at a price of CAD 0.06 until December 22, 2027.

The company raised CAD 161751.89 ($120,682) from 9 investors pursuant to regulation D. The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 21 placees.