Financing type:  non-brokered private placement

Gross proceeds:  $10-million

Offering:  15,625,000 listed shares

Offering price:  64 cents per listed share

Non-cash commissions:  802,557 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 64 cents for a two-year period.

Public disclosure:  Refer to the company's news release dated May 20, 2026.