On November 8, 2023, CMC Metals Ltd. closed the transaction. The company issued 3,571,400 flow-through units at a price of CAD 0.07 per unit for the gross proceeds of CAD 249,999.96, subject to TSX Venture Exchange approval. Each flow-through unit will consist of one common share and one transferable non-flow-through share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one non-flow-through common share of the company at a price of CAD 0.10 per warrant share for a period of 24 months from the closing date of the offering. The transaction included participation from one placee for 3,571,400 units.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee.