Financing type:  non-brokered private placement

Gross proceeds:  $15.5-million

Offering:  62 million common listed shares with 62 million warrants

Offering price:  25 cents per listed share

Warrant exercise terms:  34 cents per listed share for a three-year period

Commissions in securities:  349,800 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 35 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated May 20, 2026, May 29, 2026, and June 10, 2026.