On September 15, 2023, Recharge Resources Ltd. closed the transaction. The company issued 3,510,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 877,500 and 454,800 flow-through units at a price of CAD 0.33 per FT unit for the gross proceeds of CAD 150,084; for aggregate total gross proceeds of CAD 1,027,584 in the transaction. The combined total gross proceeds to be raised from the first tranche financing and the second tranche financing will be CAD 3,000,084.