On November 5, 2021, GPM Metals Inc. closed the transaction. The transaction included participation from six placees including Patrick Sheridan, 988,000 units and aggregate of 2,500,000 units. All of the securities issued and issuable in the transaction are subject to a statutory hold period expiring on March 6, 2022. The transaction remains subject to the receipt of applicable final regulatory approvals. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.