On June 20, 2024, Equity Metals Corporation closed the transaction. The company announced that 13,760,000 Charity/Premium flow-through units at a price of CAD 0.295 for gross proceeds of CAD 4,059,200. Each FT Unit consists of one flow-through common share and one-half one share purchase warrant, with each whole warrant entitling the holder thereof to purchase one non-flow-through common share for a period of 3 years at a price of CAD 0.295.

The Company paid finders' fees totaling CAD 83,220 and issued an aggregate 414,600 non-transferable finder warrants in connection with the Offering. Each finder warrant is exercisable to purchase one common share for a period of 3 years at a price of CAD 0.20. All securities issued and sold under the Offering are subject to a hold period expiring on October 20, 2024.

The Offering and the payment of finders' fees is subject to TSX Venture Exchange acceptance.