Financing type:  non-brokered private placement

Gross proceeds:  $1,785,008.94

Offering:  4,083,383 flow-through listed shares with 2,041,692 warrants attached; seven million non-flow-through listed shares with seven million warrants attached

Offering price:  18 cents per flow-through listed share; 15 cents per non-flow-through listed share

Warrant exercise terms:   22 cents per listed share for a three-year period, subject to an acceleration right; 22 cents per listed share for a three-year period, subject to an acceleration right

Commissions in securities:  857,604 warrants

Commission terms:  326,671 of the non-transferable warrants are each exercisable at 18 cents for a three-year period, subject to an acceleration right; 530,933 of the non-transferable warrants are each exercisable at 15 cents for a three-year period, subject to an acceleration right

Disclosure:  refer to the company's news releases dated Dec. 29, 2025, and Jan. 2, 2026