On September 25, 2023, Grounded Lithium Corp., closed the transaction. The company has issued 6,957,454 units at a price of CAD 0.11 for the gross proceeds of CAD 765,320. Each unit includes one common share and one-half of one common share purchase warrant.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 14 placees, 6 existing insiders for 2,136,816 units and 5 pro groups for 2,368,181 units.