On March 2, 2023, Metallum Resources Inc. closed the transaction. The subscription receipts are subject to a four month hold period, pursuant to securities laws in Canada. The company will make payments totaling CAD 307,959.2 to certain arm's length finders in connection with their assistance with the offering. Out of the total amount received, the company received $797,050 (CAD 585,463.493) pursuant to Regulation D from one investor.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 105 placees including existing insider involvement of five insiders for 32,630,269 and pro group involvement of one pro-group for 2,060,437.