On January 3, 2024, Nevada Organic Phosphate Inc. closed the transaction. The company issued 3,450,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 172,500 in its final tranche. Together with proceeds from the first tranche of the private placement, the company raised an aggregate of CAD 277,500 and issued an aggregate of 5,550,000 units.

Fees of CAD 1,500 were paid and 30,000 finder's units were issued to certain finders in connection with the Second Tranche. Together with the first tranche of the private placement, the company paid aggregate finder's fees of CAD 10,000 and issued 200,000 finder's units.