On February 6, 2024, Canada Nickel Company Inc. closed the transaction. The company issued 15,593,802 common shares at an CAD 1.57 per share for gross proceeds of CAD 24,482,269.14. The investor now holds 8.7% of the issued and outstanding common shares of the Company.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee and the company paid CAD 374,109 as finder's fees in connection with the transaction.