On August 28, 2023, Jervois Global Limited closed the transaction. The company has received $5.1 million in its second and final tranche closing. Each unsecured convertible note entitles the noteholder, up to maturity in Q3 2028, to be issued a fully paid ordinary share in the company at a conversion price of $0.0605 per share.

Conditional TSXV approval of the second tranche of the note offering was received, specifying the requirements for final TSX-V approval, however, that final approval has not yet been issued.