On December 18, 2023, the company announced that it has raised its first tranche closing. The company issued 5,584,167 common shares at an issue price of CAD 0.75 per share for gross proceeds of CAD 4,188,125. The company paid finder's fees of CAD 285,294 and 380,392 non-transferable finders' options to eligible persons in compliance with applicable securities laws and TSX Venture Exchange.

Each finder's option entitles the holder to acquire one common share at a price of CAD 0.75 for a period of two (2) years following closing. All securities issued pursuant to this Offering will be subject to resale restrictions for a period of four months and one day from closing under applicable securities legislation.