On May 6, 2024, Cascadia Minerals Ltd. closed the transaction. The company has issued 2,015,000 flow-through units at a price of CAD 0.20 per FT Unit for the gross proceeds of CAD 403,000 and 1,232,223 non-flow-through units at a price of CAD 0.18 per non-flow-through unit for gross proceeds of CAD 221,800.14 for total gross proceeds of CAD 624,800.14 in its second and final tranche closing. The company has raised total gross proceeds of CAD 1,518,400.14 in the transaction. Each NFT Warrant shall be exercisable into one additional common share until May 3, 2026, at an exercise price of CAD 0.28 per NFT Warrant. Each FT Warrant shall be exercisable into one additional common share until May 3, 2026, at an exercise price of CAD 0.30 per FT Warrant. The company paid cash finders' fees for the second tranche totaling CAD 25,466 and issued a total of 128,450 finder warrants to a number of finders, including StoneGate Securities Ltd., of Caledon Village, Ontario, Raymond James Ltd., of Vancouver, B.C., Canaccord Genuity Corp., of Vancouver, B.C., and Haywood Securities Inc., of Vancouver, B.C.. Each Finder Warrant shall be exercisable into one common share of company until May 3, 2026, at an exercise price of CAD 0.28 per Finder Warrant. All securities issued as part of the closing of the private placement, including any shares that may be issued pursuant to the exercise of the NFT Warrants, the FT Warrants, and the Finder Warrants, are subject to a hold period in Canada until September 4, 2024. Insiders of the company purchased a total of 30,000 FT Units and 666,667 NFT Units under the second tranche of the private placement.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 29 placees, 4 existing insiders for 30,000 FT units and 766,667 NFT units and 1 pro group for 100,000 FT units. The company has received $61,389 (CAD 83,584.19295) from single investor pursuant to exemption provided under Regulation D.