On January 2, 2024, Grid Metals Corp. closed the transaction. The company now issued 4,000,000 Special Flow-through Shares at a price of CAD 0.18 per share for proceeds of CAD 720,000 and 1,151,143 ordinary flow-through common shares priced at CAD 0.14 per share for proceeds of CAD 161,160.02; aggregate gross proceeds of CAD 881,160.02 in the second and final tranche. Finders fees paid on the closing of the second tranche of the Offering consisted of a cash payment of CAD 1,399 and issuance of 9,996 finders warrants exercisable at CAD 0.15 per share for a period of two years from the closing date. The transaction included participation from certain directors and officers of the Company participated in the Offering purchasing an aggregate total of 1,720,100 Ordinary Flow-Through Shares and Special Flow Through Shares. Closing of the Offering has been conditionally approved by the TSXV, with final acceptance subject to the fulfillment of the customary requirements of the TSXV. Resale of the securities of the Company issued under the Offering will be subject to a hold period pursuant to Canadian securities laws of four months and one day following the closing date of each tranche of the Offering. The company has raised CAD 5,058,780 in the transaction.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 39 placees including existing insider involvement 8 insiders for 21,470,256. The company paid CAD 1,399 as finder's fees in cash and 9,996 warrants. Each warrant entitles the holder to purchase one common share at the price CAD 0.15 for period of two years from the date of issuance.