On October 20, 2023, Cullinan Metals Corp. closed the transaction. The company amended the terms of the transaction and issued 754,717 Quebec flow-through units at a price of CAD 0.265 per Quebec flow-through unit for gross proceeds of up to CAD 200,000 and 200,000 non-flow-through units at a price of CAD 0.2 per per unit for gross proceeds of up to CAD 40,000 for the aggregate gross proceeds of CAD 240,000.