On June 18, 2023, FE Battery Metals Corp. closed the transaction. The company has amended the terms of the transaction.

The company has issued 800,000 flow-through shares at an issue price of CAD 0.65 per share for gross proceeds of CAD 520,000 in its second and final tranche, bringing the total funds received in the transaction to CAD 1,214,615. In connection to the transaction, a finder's fee of 6% cash will be paid to eligible finders in accordance with the policies of the Canadian Securities Exchange. The transaction is subject to obtaining all required approvals, including from the CSE and any other regulatory approval.

The securities will be subject to a four-month hold period plus one day under applicable securities laws.