On June 24, 2024, Power Nickel Inc., closed the transaction. The company issued 16,049,998 flow-through units at a price of CAD 1.25 per FT Unit for gross proceeds CAD 20,062,497.50. The transaction included participation from new investor, Terra Capital, Robert Friedland and Rob McEwen, returning investor, CVMR Corporation.

As a part of the transaction, the company paid paid finder's fees on the financing, including 265,027 finder warrants exercisable for a period of 18 months from closing into a common share at CAD 1.25 per common share and cash commissions and advisory fees of CAD 387,239.64 as permitted by the policies of the TSXV and applicable securities laws.