On June 21, 2024, Cascadia Minerals Ltd. closed the transaction. The company announced that it has received 4,550,000 charity flow-through units at an issue price of CAD 0.42 per CFT Unit for the gross proceeds of CAD 1,911,000 and 2,150,000 charity flow through units for critical minerals exploration in British Columbia at an issue price of CAD 0.475 per BC CFT Unit for the gross proceeds of CAD 1,022,200 and up to 725,000 traditional flow-through common shares at a price of CAD 0.42 for the gross proceeds of CAD 304,500 for the total gross proceeds of CAD 3,236,750. The transaction was led by Michael Gentile and increased his position to 9.99% on a partially diluted basis.

Each CFT Unit and BC CFT Unit comprises one common share and one-half of one common share purchase warrant, each common share and one-half of one Warrant. All Warrants were issued on a non-flow-through basis, and shall be exercisable into one additional common share until June 21, 2027 at an exercise price of CAD 0.45 per Warrant. The company paid CAD 88,360 and issued a total of 294,480 finder warrants to StoneGate Securities Ltd. and Consultant Financier Integritas Inc., of Montreal, Quebec.

Each Finder Warrant shall be exercisable into one common share of Cascadia until June 21, 2027, at an exercise price of 0.45 per Finder Warrant.