The TSX Venture Exchange has accepted for filing documentation pertaining to the letter of intent dated March 14, 2025, between the company and an arm's-length party. Pursuant to the terms of the letter of intent, the company will acquire all of the issued and outstanding common shares of seller, based on an exchange ratio of one company share for every 4.52 seller shares. In total, the company will issue 4,954,613 shares at a price of 25.5 cents per share. According to the terms of the letter of intent, the company will invest in the seller for a total amount of $150,000 based on an unsecured convertible debenture, bearing simple interest at 8.0 per cent per annum and maturing two years from the closing of the convertible debenture financing.

For further details, please refer to the company's news release dated April 7, 2025.