On October 25, 2024, Probity Mining 2024-II Short Duration Flow-Through Limited Partnership initiated an initial public offering (IPO), targeting a maximum of $50 million. The offering includes National, British Columbia, and Québec Class Units, each priced at $10.00 per unit. Funds will be directed toward acquiring Flow-Through Shares of Resource Issuers, focusing on maximizing tax benefits and achieving capital appreciation. The minimum subscription per investor is $5,000 (500 units).

The offering is managed on a best-efforts basis by a syndicate of agents, including iA Private Wealth Inc., Richardson Wealth Ltd., Canaccord Genuity Corp., Raymond James Ltd., Ventum Financial Corp., Wellington-Altus Private Wealth Inc., and Sherbrooke Street Capital (SSC) Inc. Legal matters for the partnership were handled by Getz Prince Wells LLP and Thorsteinssons LLP, while Stikeman Elliott LLP advised the agents. Estimated expenses include $3.38 million in agents' fees and $240,000 in offering expenses, leading to net proceeds of approximately $45.74 million if fully subscribed. The partnership aims to implement a liquidity alternative by March 31, 2026, to enhance investment returns for limited partners.