On December 22, 2023, Namibia Critical Metals Inc., closed the transaction. Insiders of the company acquired CAD 257,000 of the private placement. Each whole warrant is exercisable for one common share at a price of CAD 0.10 until December 22, 2025.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 14 placees and three insiders for 4,283,333 common shares. The company has raised $33,750 (CAD 45,000) from 2 investors pursuant to an exemption provided under regulation D.