The TSX Venture Exchange has accepted for filing a proposed advance of up to $32-million (U.S.) principal amount in the form of a promissory note dated Feb. 6, 2026 (the advance), issued to Auramet International Inc. (the lender). Maturing three months from issuance, the advance accrued interest rate of 12 per cent per annum. Additionally, the company was required to pay a 2.5-per-cent arrangement fee of the principal amount.

Furthermore, the exchange has approved the issuance of 1.75 million bonus warrants to the lender, each exercisable into one common share at $2.03 per share for a period of one year from issuance.

For more information, please refer to the company's news release dated Feb. 6, 2026, and May 7, 2026.