On April 25, 2024, Sun Summit Minerals Corp. closed the transaction. The company issued 25,000,000 non-flow-through units at a price of CAD 0.10 per non-flow-through unit for gross proceeds of CAD 2,500,000. Each warrant entitles the holder to acquire one common share until April 25, 2026. The company paid aggregate cash finder's fees of CAD 21,805 and granted an aggregate of 218,050 non-transferable finder warrants to arm's length finders of the company in connection with the private placement. Each finder warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.10 per share until April 25, 2026. The transaction included participation from Sharyn Alexander, President of the company for 50,000 units, Brian Lock, Executive Chairman of the company for 50,000 units, and Richard Billingsley for 220,000 units.

The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 58 placees and three insiders for 770,000 and four pro groups for 780,000