Debenture value:  up to $30-million (U.S.), of which a tranche of $18,125,000 (U.S.) was disbursed on Jan. 30, 2026

Bonus securities:  68,905,000 warrants

Warrants terms:  Each non-transferable warrant is exercisable to acquire one common share at 15 cents during the first 36 months and at 20 cents for the remaining 24 months, subject to an acceleration clause.

Disclosure:  Refer to the company's news releases dated Dec. 22, 2025, and Jan. 30, 2026.