On August 16, 2021, Project One Resources Ltd. closed the transaction. The company issued 5,418,000 units for gross proceeds of CAD 1,354,500 in the transaction. The transaction included participation from management of the company for CAD 400,000. The transaction is subject to approval from Canadian stock Exchange. The company paid cash finder's fees of CAD 40,725 and issued 162,900 warrants. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date. The transaction was oversubscribed.