On May 31, 2024, American Salars Lithium Inc. closed the transaction. The company issued 2,900,000 units at a price CAD 0.2 per unit for the gross proceeds of CAD 580,000. Each unit comprised one common share and one-half of one whole common share purchase warrant, with each warrant being exercisable for the purchase of an additional common share at a price of CAD 0.25 per share for a 12-month period.

The company also paid finders' fees of 10% cash totaling CAD 43,100 and issued 215,000 warrants to eligible finders. The securities are subject to a four-month-and-one-day hold period.