On February 10, 2023, First American Uranium Inc. closed the transaction. The company has issued 8,575,000 units for gross proceeds of CAD 857,500 in the transaction. Each warrants will be exercisable at a price of CAD 0.15 on or before February 9, 2025.

The company has paid eligible finder a cash commission in the amount of CAD 2,100, being up to 7% of the aggregate proceeds from the sale of units to purchasers introduced by the finder and issued an aggregate of 21,000 non-transferable share purchase warrants.