The TSX Venture Exchange has accepted for filing documentation relating to a stock purchase agreement dated Dec. 12, 2025, between the company and a non-arm's-length vendor. Pursuant to the terms of the agreement, the company will complete the acquisition of all of the outstanding shares of BRS Inc. BRS is a leading uranium-focused engineering, mine development, construction management and geology consulting firm based in Wyoming. In consideration for the acquisition of the BRS, the company will make a total cash payment of $5-million (U.S.) to the vendor. On closing, the company will pay $1.5-million (U.S.), with an additional $1.5-million (U.S.) payable on the first anniversary of closing and $2-million (U.S.) on the second anniversary of closing.

The transaction is non-arm's length in nature. No finders' fees are payable.

For further information, refer to the company's news releases dated Dec. 18, 2025, and May 8, 2026, which are available under the company's profile on SEDAR+.