On April 17, 2024, Nine Mile Metals Ltd. closed the transaction. The company issued 4,090,910 FT Units at an issue price of CAD 0.11 per unit for the gross proceeds of CAD 450,000.1 and 585,000 NFT Units at CAD 0.075 each, for gross proceeds of up to CAD 43,875; aggregate gross proceeds of CAD 493,875.1. The company has paid finders fees of CAD 36,000 and issued 327,272 common share purchase warrants, exercisable to purchase one common share at a price of CAD 0.13 for a period of 24 months. Each FT Unit will be comprised of one common share and one-half Common Share purchase warrant, issued on a non-flow through basis.

Each full FT Warrant will entitle the holder thereof to acquire one common share in the capital of the Company at a price of CAD 0.13 per Common Share for a period of 24 months from date of issuance. Each NFT Unit will be comprised of one common share, and one-half Common Share purchase warrant, issued on a non-flow through basis. Each full NFT Warrant will entitle the holder thereof to acquire one common share in the capital of the company at a price of CAD 0.11 per Common Share for a period of 24 months from date of issuance.