On January 25, 2024, Intrepid Metals Corp., closed the transaction. The company issued 9,911,765 units at a price of CAD 0.34 for the gross proceeds of CAD 3,370,000.1 in its second tranche closing. As a part of the transaction, the company paid CAD 109,330.54 in cash and 321,560 in finder?s warrants. Each finder?s warrant is non-transferable but otherwise has the same terms as the Warrants. The company has raised CAD 513,600.26 ($380,886) from 6 investors pursuant to regulation D. All securities issued in the second tranche of the Offering are subject to a statutory hold period that expires on May 25, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 78 placees, 3 existing insiders for 343,038 units and 10 pro groups for 877,100 units. The company has paid finder's fees of CAD 111,429.70 in cash and issued 321,560 warrants. Each finder warrant entitles the holder to purchase one common share at the price of CAD 0.45 for a period of two years from the date of issuance.