The TSX Venture Exchange has accepted for filing documentation with respect to a mineral property purchase agreement dated Nov. 28, 2025, as amended, between the company and Storm Exploration Inc. Pursuant to the agreement, the company has acquired a 100-per-cent interest in the Miminiska property, located in the Thunder Bay mining district of Ontario.

Consideration

Cash:  $3,525,000 in aggregate cash payments, payable as follows: $200,000 deposit; $1.8-million on closing; $1-million on the three-month anniversary of closing; and $525,000 on the nine-month anniversary of closing

Shares:  7.5 million common shares issued on closing at a deemed price of 20 cents per share; up to 3,937,500 common shares issuable on the nine-month anniversary of closing, subject to a value of $787,500

In connection with the transaction, the company has entered into an exploration agreement with the Eabametoong First Nation. The exploration agreement includes annual fees of 6 per cent (cash) and 2 per cent (shares) of exploration expenditures, and milestone share payments totalling $200,000 payable over three years.

For further details, please refer to the company's news releases dated Dec. 1, 2025, and Feb. 13, 2026, available on SEDAR+.