On December 6, 2022, the company closed the transaction. The company issued 1,801,802 common shares at a price of CAD 3.33 per share for gross proceeds of CAD 6,000,001, to returning investor NexGen Energy Ltd., 940,000 charity flow through common shares at a price of CAD 5.35 per share for gross proceeds of CAD 5,029,000 to a syndicate of underwriters led by PI Financial Corp., and including Canaccord Genuity, Haywood Securities Inc., Raymond James Ltd., Sprott Capital Partners LP, and TD Securities Inc, 600,000 non-flow through common shares at a price of CAD 3.33 per non flow through share for gross proceeds of CAD 1,998,000 and unsecured convertible debenture for gross proceeds of CAD 5,350,000 to Queen's Road Capital Investment Ltd. for total gross proceeds of CAD 18,327,001. Pursuant to applicable securities laws, all securities issued in connection with the financing have a four month hold period expiring on April 7, 2023.

On December 21, 2022, the company announced that TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placement. t. The transaction included participation from 13 placees and total existing insider involvement 1,866,802 for four placees for common shares and one placee for convertible debenture. PI Financial Corp. received CAD 193,242.50, Canaccord Genuity Corp. received CAD 38,648.50. Haywood Securities Inc. received CAD 38,648.50, Raymond James Ltd. receive CAD 38,648.50, Sprott Capital Partners LP received CAD 38,648.50, TD Securities Inc. received CAD 38,648.50.