On December 15, 2023 the company announced that it has raised CAD 882,005.13 in its first tranche. The company paid finder's fees CAD 60,725.35 and issued 209,396 finder's warrants entitling the holder thereof to acquire one non-flow-through common share at an exercise price of CAD 0.29. An aggregate of 173,190 of the Finder's Warrants bear an expiration date of December 15, 2025, and the remaining 36,206 Finder's Warrants bear an expiration date of December 15, 2026.

All securities issued pursuant to the Private Placement are subject to a statutory four month hold period expiring April 16, 2024.