On December 28, 2023, Vital Battery Metals Inc. closed the transaction. The company issued 1,673,000 flow-through units for gross proceeds of CAD 752,850. The company has paid finder?s fees of CAD 34,987.50 and issued 77,750 finder?s warrants to an arm?s-length party, entitling the holder to acquire one share at a price of CAD 0.45 per share for a period of 24 months.

All securities issued pursuant to the private placement will be subject to a hold period expiring April 29, 2024.