Further to the TSX Venture Exchange bulletin dated July 11, 2026, and the expiry of the company's rights offering on July 13, 2026, the exchange has accepted for filing the rights offering pursuant to which 240 million common shares of the company at a price of 12.5 U.S. cents were issued for gross proceeds of $30-million (U.S.). A total of 238,289,708 shares were issued pursuant to the standby commitments.

For further information, please refer to the company's short form prospectus dated June 5, 2026, and its news releases dated May 13, 2026, June 5, 2026, July 8, 2026, and July 16, 2026.