Palladium One Mining Inc. announced a private placement of 7,439,071 common shares at a price of CAD 0.11 per share for a gross proceeds of CAD 818,297.80 on May 15, 2023. The transaction included participation from returning investor, Glencore plc for 9.99% stake. All common shares issued are subject to a four-month hold period from the closing date.

No fees were paid in connection with the transaction.