On January 24, 2024, Nuclear Fuels Inc closed the transaction. The company amended the terms of the transaction and issued 12,720,000 units at a price of CAD 0.60 per unit for gross proceeds of approximately CAD 7,632,000. In consideration for the services provided by the underwriters in connection with the offering, the company paid the underwriters a cash commission of CAD 413,204.88 and issued to the underwriters an aggregate of 620,024 compensation options.

Each compensation option is exercisable into one common share of the company at a price of CAD 0.60 per share until January 24, 2027. The company raised CAD 2,020,475.997 pursuant to Regulation D in the transaction from 7 investors.