On June 20, 2024, Silver One Resources Inc., closed the transaction. The company issued 21,099,138 units at a price of CAD 0.28 per unit for the gross proceeds of CAD 5,907,758.64. Each Unit is comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at CAD 0.40 per Share for a period of three years from the date of issue.

The shares issued under the offering will be subject to restrictions on resale until October 21, 2024. The company paid finders a fee totaling CAD 78,120.48 and issued finders a total of 237,006 finder's warrants. Each finder's warrant is exercisable at a price of CAD 0.40 per share for a period of three years from the date of issue.