Financing type:  brokered private placement

Gross proceeds:  $46,001,322.50

Offering:  18,776,050 listed shares

Offering price:  $2.45 per listed share

Commissions in securities:  563,281 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at $2.45 for a 24-month period.

Disclosure:  Refer to the company's news release dated Jan. 20, 2026.