On July 8, 2024, Alaska Energy Metals Corporation, closed the transaction. The company announced that the transaction has been oversubscribed. The company issued 22,255,429 special warrants at a price of CAD 0.15 per special warrant for the gross proceeds of CAD 3,338,314.

As a part of the transaction, the company paid aggregate cash finder?s fees of approximately CAD 181,261 to certain finder. As additional compensation the Company issued an aggregate of 1,208,409 non-transferable broker warrants to such finders. Each broker warrant is exercisable for one share at the exercise price of CAD 0.20 for a period of three years.