Financing type: brokered private placement
Gross proceeds: $21,368,670.70
Offering: 7,928,523 flow-through (FT) listed shares; 17,791,250 listed shares with 8,895,625 warrants attached
Offering price: 90 cents per FT listed share; 80 cents per listed share
Warrant exercise terms: $1.30 per listed share for a period of three years for the date of issuance
Non-cash commissions: 971,043 finders' options and 71,666 finders' warrants
Commission terms: Each compensation option entitles the holder to purchase one broker's unit at an exercise price of 80 cents per broker's unit, with each broker's unit comprising one common share and one-half of one common share purchase warrant. Each broker's warrant is exercisable at $1.30 for a period of three years from the date of issuance.
Each non-transferrable finder's warrant is exercisable at 90 cents for a period of three years from the date of issuance.
Public disclosure: Refer to the company's news releases dated Jan. 30, 2026, Feb. 20, 2026, Feb. 25, 2026, March 6, 2026, and April 30, 2026.
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