On November 28, 2023, Latitude Uranium Inc. closed the transaction. The company issued 27,272,728 flow-through units for gross proceeds of CAD 6,000,000 in the transaction which includes fully exercised 4,545,455 underwriters an option. Each warrant entitles the holder to purchase one common share at any time on or before November 28, 2025.

The company paid the underwriters a cash commission of CAD 360,000 and issued 1,636,363 non-transferable broker warrants. Each broker warrant is exercisable to acquire one common share at a price of CAD 0.30 per share for a period of 24 months after the closing date of the offering.