On December 8, 2022, Manganese X Energy Corp. closed the transaction. The transaction included participation from overall nine placees, including James Richardson, Chief Financial Officer and Director of the company for 150,000 flow-through units.

The company has paid finders' fee of CAD 147,841.91 and issued 642,789 finders' warrants. All securities issuable in connection with the Offering are subject to a statutory four-month hold period that expires April 16, 2023. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.