Cascadia Minerals Ltd. announced that it will issue units for gross proceeds of CAD 2,000,000 in seed round of funding on April 6, 2023. The transaction will include participation from new investor, Hecla Mining Company. Each unit would contain one common share of company and one warrant.

Each warrant would entitle the company to purchase one additional share for a period of five years at the same price as a unit. The investor will own 19.9% of company issued and outstanding common shares following completion of the transaction.