On December 29, 2023, MTB Metals Corp. closed the transaction. The company issued 3,200,000 flow-through units at a price of CAD 0.10 per unit for the gross proceeds of CAD 320,000. Each FT Unit consists of one flow-through common share and one common share purchase warrant. Each Warrant entitles the holder thereof to purchase one common share for a period of three from the date of issuance at an exercise price of CAD 0.18 per Warrant Share. In connection with the Offering, the Company issued 224,000 finder's warrants and paid a cash commission of CAD 22,400 to certain arm's length finders, including Qwest Investment Fund Management Ltd and Red Cloud Securities Inc. Each Finder's Warrant entitles the holder thereof, to purchase one additional Warrant Share at a price of CAD 0.18 for a period of three years from the date of issuance. The Offering remains subject to final acceptance from the TSX Venture Exchange. All securities issued in connection with the Offering are subject to a four-month hold period from the closing dates under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 2 placees.