Grande Portage Resources Ltd. announced a non-brokered private placement of 5,600,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 1,120,0000 on December 8, 2023. Each unit consists of one common share and half of one common share. Each whole warrant entitles the unit holder to purchase one share at a price of CAD 0.24 per share at any time within 24 months of the closing. As a part of the transaction, the company paid CAD 34,680 in cash and issued 167,470 warrants for finder's fees in conjunction with this non-brokered placement. The broker warrants have the same terms as the subscriber warrants.

On December 12, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange. The transaction included participation from 25 placees.