Financing type:  non-brokered private placement

Offering:  $4.5-million principal amount of convertible debenture, convertible into 56.25 million common listed shares with 56.25 million warrants attached, subject to a forced conversion clause

Conversion price:  eight cents per listed share

Maturity date:  Feb. 23, 2029

Interest rate:  3.45 per cent per annum

Warrant exercise terms:  12 cents per listed share for a five-year period, subject to an acceleration right

Disclosure:  Refer to the company's news releases dated Feb. 19, 2026, and Feb. 23, 2026.