On March 1, 2024, Nine Mile Metals Ltd. closed the transaction. The company has now issued 3,253,968 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 195,238.08. The The common shares and warrants issued in the Private Placement are subject to a four month and a day hold period.

A commission of CAD 2,400 and 40,000 warrants were paid by the company to a finder in connection with a portion of the Private Placement. The company issued CAD 33,901 proceeds of securities pursuant to Regulation D. The transaction will include participation from two non accredited investors.