On March 24, 2022, Silver Sands Resources Corp. closed the transaction. The company has amended the terms of the transaction.

The company issued up to 13,450,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,345,000 in the transaction. The transaction included participation from Eric Sprott. The warrants are subject to an acceleration right that allows the company to give notice of an earlier expiry date if the company's share price on the Canadian Securities Exchange.

The securities issued are subject to a four month hold period as required by applicable securities laws and the policies of the Canadian Securities Exchange. The Company has paid 8% cash finders' fees totaling CAD 45,600 and issued 456,000 finder's warrants at the same terms. The transaction was oversubscribed.