Financing type:  non-brokered private placement

Gross proceeds:  $20-million

Offering:  25 million listed shares with 12.5 million warrants attached

Offering price:  80 cents per listed share

Warrant exercise terms:  $1.10 per warrant for a period of 24 months for the date of issuance

Non-cash commissions:  214,230 finders' warrants

Commission terms:  Each non-transferrable finder's warrant is exercisable at $1.10 for a period of 24 months from the date of issuance.

Public disclosure:  Refer to the company's news releases dated July 13, 2026, and July 28, 2026.