Further to the TSX Venture Exchange bulletin dated Aug. 4, 2026, and the expiry of the company's rights offering on Aug. 27, 2026, the exchange has accepted for filing the rights offering pursuant to which 170,154,389 shares at a price of 12 cents were issued for gross proceeds of $20,418,526.68. A total of 47,978,114 shares were issued pursuant to the standby commitments.

A total of 1,237,486 non-transferable bonus warrants were issued to four standby guarantors for their standby commitments. Each bonus warrant will be exercisable to acquire one common share of the company at an exercise price of 16.5 cents per share until Aug. 31, 2031.

For further information, please refer to the company's news release dated Aug. 31, 2026.