On June 21, 2024, Quebec Precious Metals Corporation close the transaction. The company has issued 3,200,000 hard units at a price CAD 0.05 per hard unit for the gross proceeds of CAD 160,000 and 1,154,091 flow-through units at a price CAD 0.088 per flow-through unit for gross proceeds CAD 101,560.008, for total gross proceeds of CAD 261,560.008 in its second and final tranche closing. In total, the company has issued an aggregate of 6,900,000 Hard Units at a price of CAD 0.05 per hard unit for gross proceeds of CAD 345,000 and an aggregate of 1,154,091 FT Units at a price of CAD 0.088 per FT unit for gross proceeds of CAD 101,560.008, for total gross proceeds of CAD 446,560.008.

All securities are subject to a four-month hold period commencing on the closing date. The Placement remains subject to the final approval of the TSX Venture Exchange. Insiders of the company have participated in the Placement and subscribed for an aggregate of 200,000 Hard Units for CAD 10,000 and 240,000 FT Units for CAD 21,120.

In connection with the Placement, the company paid in respect of certain subscriptions a finders fee or commission of CAD 7,000. In addition, the finders received 140,000 non-transferable compensation warrants, with each such warrant being exercisable at a price of CAD 0.10 per common share of the company for a period of 36 months from the closing of the Placement.