On February 23, 2022, Bearing Lithium Corp closed the transaction. The company issued 8,500,000 Common Shares at an issue price of CAD 0.25 per share for gross proceeds of CAD 2,125,000. In aggregate, company issued 16,000,000 common shares for gross proceeds of CNY 4,000,000.

The transaction included participation from two insiders for 1,280,000 shares. The company paid finder's fee of CAD 65,250 and issue to the finder's an aggregate of 266,000 non-transferable finders warrants.