On April 17, 2024, Metallis Resources Inc. closed the transaction. The company issued 7,910,691 common shares at a price of CAD 0.065 per share for the gross proceeds of CAD 514,194.915. Insiders and management participated for CAD 56,550 in the financing.

The company has received regulatory approval from the TSX Venture Exchange for the financing, and all shares issued on closing are subject to a regulatory trading hold period expiring four months plus one day from date of issuance.