On January 14, 2022, Lomiko Metals Inc. closed the transaction. The transaction included participation from 26 placees, Belinda Labette, chief executive officer, for 625,000 units, Gordana Slepcev, chief operating officer, for 500,000 units and Vince Osbourne, chief financial officer, for 250,000 units, a pro group consisting of one place for 1,500,000 units. The company paid a finder fee to PI Financial Corp. 25,600 in cash and 320,000 finder's warrants, Glores Securities Inc. CAD 7,500 in cash and 93,750 finder's warrants. Each non-transferable finder's warrant is exercisable into one common share of the company at a price of CAD 0.11 per share for a two-year period.

On January 25, 2022, the TSX Venture Exchange has accepted for filing documentation with respect to the transaction.