Loan value:  $4.65-million

Bonus securities:  18.6 million warrants

Warrant terms:  Each non-transferable warrant is exercisable at 10 cents for a three-year period, subject to an acceleration right and the provisions for earlier termination.

Commissions in securities:  1.2 million finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 10 cents for a three-year period, subject to an acceleration right.

Disclosure:  Refer to the company's news releases dated Dec. 22, 2025, Jan. 22, 2026, and Feb. 3, 2026.