On July 11, 2023, Emperor Metals Inc. closed the transaction. The company has issued 2,018,750 flow-through units and 4,211,665 non-flow-through units in the transaction for gross proceeds of CAD 828,400.04. The company received its second and final tranche.

The company issued 143,750 flow-through shares at an issue price of CAD 0.16 per unit for gross proceeds of CAD 23,000, and 591,667 non-flow-through units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 71,000.04; for an aggregate gross proceeds of CAD 94,000.04 in the tranche. In connection with the second tranche, the company has paid a total of CAD 840 in cash and issued 6,000 finder's warrants. All securities issued are subject to a hold period until November 12, 2023.