On December 27, 2023, Spod Lithium Corp. closed the transaction. The company amended the terms of the transaction, and issued 10,694,444 units at an issue price of CAD 0.135 per unit for gross proceeds of CAD 1,443,749.94.

All securities issued in connection with the transaction are subject to a four-month hold period, which will expire on April 28, 2024. The company did not pay any finder's fees in connection with the transaction.