On May 1, 2024, Volt Lithium Corp. closed the transaction. Each warrant is exercisable into one common share until May 1, 2026. The securities issued under the strategic investment are subject to a hold period equal to four months and a day from the date of closing of the strategic investment, which expires on September 2, 2026. The transaction included participation from single investor.

On May 10, 2024, the company announced that the transaction has been approved by the TSX Venture Exchange.