On April 11, 2023, US Critical Metals Corp. closed the transaction. The company amended the terms of the transaction.

The company issued 7,140,100 units at a price of CAD 0.35 per unit for a gross proceeds of CAD 2,499,035. Each unit consists of one common share and one common share purchase warrant. Each Warrant entitles the holder thereof to acquire one common share at a price of CAD 0.55 per common share for a period of 36 months from the closing date.

The agent received a cash commission of CAD 143,613.05, a corporate finance fee of 85,714 common shares, an advisory fee of CAD 2,000 cash and 5,800 warrants, and 410,323 broker warrants, each exercisable to acquire one common share at the offering price for a period of 36 months from the closing date of the transaction. The transaction was approved by the board of directors of the company. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered privateplacement.

The transaction included participation from 34 placees including existing insider involvement of four existing insiders for 242,800 and pro group involvement of four pro groups for 205,600. The transaction included participation from individual investor, Johnathan Dewdney of 142,800 units at a price of for gross proceeds of CAD 49,980.