Financing type:  non-brokered private placement

Gross proceeds:  $12,454,488

Offering:  38,920,275 listed shares with 19,460,135 warrants

Offering price:  32 cents per listed share

Warrant exercise terms:  50 cents per listed share for a three-year period, subject to an acceleration right

Commissions in securities:  1,628,023 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 50 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Dec. 2, 2025, Dec. 23, 2025, and Jan. 19, 2026.