On March 5, 2024, South Star Battery Metals Corp closed the transaction. The company issued 2,485,209 shares at a price of CAD 0.72 per share for the gross proceeds of CAD 1,789,350.48 in its second tranche closing. In connection with the second tranche, the Company paid CAD 46,250 in cash and issued 44,452 Shares in equity as finder?s fees.

A director and an officer of the Company participated in the Private Placement for an aggregate amount of CAD 57,600. The transaction included participation from 22 placees and 13 insiders with total existing insider involvement of 4,917,636 shares. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement