Financing type:  brokered private placement

Gross proceeds:  $15-million

Offering:  12.5 million listed shares with 6.25 million warrants attached

Offering price:  $1.20 per listed share

Warrant exercise terms:  $1.80 per listed share for a three-year period

Commissions in securities:  728,730 warrants

Commission terms:  each non-transferable warrant is exercisable into a common share at $1.20 for a three-year period

Disclosure:  refer to the company's news releases dated Nov. 24, 2025, and Dec. 11, 2025