On July 15, 2024, Millennial Potash Corp. closed the transaction. The company issued 2,050,000 units at a price of CAD 0.25 per unit for gross proceeds CAD 512,500 in the transaction in its second and final tranche.

The company paid commissions on the second tranche of the private placement totaling CAD 18,340 and 73,360 finders' warrants will be paid in connection with closing the private placement. The finders' warrants are exercisable for three years from the date of issuance at a price of CAD 0.35 per share. The shares, including shares underlying the finders' warrants, are subject to a four month hold period expiring on November 13, 2024.

The transaction included participation from certain insiders of the company for 882,000 units.