On April 11, 2024, Silver Storm Mining Ltd. closed the transaction. The company issued 42,114,091 units at a issue price of CAD 0.11 per unit for gross proceeds of CAD 4,632,550.01 under second and final tranche. In aggregate under the Offering, the Company issued 55,454,546 Units at a price of CAD 0.11 per Unit for gross proceeds of CAD 6,100,000.

The Second Tranche included a CAD 3,000,000 investment from current significant shareholder by Eric Sprott. Each Unit will consist of one common share and one half of one common share purchase warrant. Each Warrant shall be exercisable to acquire one additional Common Share at an exercise price of CAD 0.16 until twenty-four months from the date of issuance.

The company has paid cash commission in the aggregate amount of CAD 231,502, being up to 7.0% of the gross proceeds raised under the Offering from investors introduced to the Company by such finders and issued 1,127,515 non-transferable common share purchase warrants of the Company being equal to 7.0% of the Units sold under the Offering from investors introduced to the Company from such finders. Each Finder?s Warrant entitles the holder to purchase one Common Share at a price of CAD 0.11 for a period of 24 months from the date of issuance. The Offering is subject to final approval from the TSX Venture Exchange.

The company has received $46,467 (CAD 63,565.59) from 4 investors pursuant to exemption provided under Regulation D.