On December 29, 2023, Rock Tech Lithium Inc. closed the transaction. The company amended the terms of the transaction, and issued 4,478,754 units at an issue price of CAD 1.30 per unit for gross proceeds of CAD 5,822,380.2. The unit shares and the warrants are subject to a four month hold period, expiring on April 30, 2024. Each unit will consist of one common share and one half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 1.69 per warrant share for a period of 24 months following the date of issuance.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 13 placees.