On December 30, 2022, IBC Advanced Alloys Corp. closed the transaction. The company has issued 11,269,444 units for gross proceeds of CAD 1,217,100 led by returning investor Lind Global Fund II LP, a fund managed by The Lind Partners, LLC for 6,944,444 units for gross proceeds of CAD 750,000.

Each warrant entitles the holder to acquire one common share of the company at a price of CAD 0.135 until December 30, 2024. The company raised investment pursuant to regulation D