On August 11, 2023, NGEx Minerals Ltd. closed the transaction. The Company sold an aggregate of 13,178,460 common shares at a price of CAD 6.50 per Common Share for gross proceeds of CAD 85,659,990. In connection with the Private Placement, the Company paid a 5.0% finder's fee in cash on a portion of the Private Placement. The Common Shares issued under the Private Placement will be subject to a hold period expiring on December 12, 2023.

On August 25, 2023, the company announced that the transaction has been accepted by the TSX Venture Exchange .