On January 17, 2024, Silver Range Resources Ltd. closed the transaction. The company amended the terms of the transaction and issued 500,000 units at a price of CAD 0.10 per unit for the gross proceeds of CAD 50,000 in its final tranche. All of the securities issued pursuant to the final tranche, including any common shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until May 13, 2024. An insider of Silver Range subscribed for 100,000 units pursuant to the final tranche. The transaction included participation from eight investors including four existing insiders 600,000 units. The company paid CAD 600 as finders' fees in the transaction.

On January 19, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.