Graphite One Inc has closed the transaction on September 14, 2023.The company issued 2,802,690 units at a price of CAD 0.97 per unit for gross proceeds of CAD 2,718,609 with Bering Straits Native Corporation.No finder's fee was paid on this Private Placement and all securities issued in connection with the Private Placement will be subject to a four month + one (1) day hold period ending January 14, 2024.The Company has also granted Bering Straits an option to invest a further US$6.0 million in common shares of the Company at any time before September 13, 2024 (the "Option"). If and when the Option and the Warrants are exercised, Bering Straits would have invested a total of US$10.4 million in Graphite One, based on the current exchange rate.