The company will offer to shareholders of record on Nov. 18, 2025, transferable rights to purchase shares of the company. One right will be issued for each share held. One right and one cent are required to purchase one share. The rights offering will expire on Dec. 12, 2025. As at Nov. 7, 2025, the company had 1,487,151,720 shares issued and outstanding.

Effective at the opening, Nov. 18, 2025, the shares of the company will trade ex rights. The company is classified as a mining company. The rights will not be listed for trading.

Summary

Basis of offering:  one right exercisable for one share at one cent per share

Record date:  Nov. 18, 2025

Shares trade ex rights:  Nov. 18, 2025

Rights called for trading:  not applicable

Rights trade for cash:  not applicable

Rights expire:  Dec. 12, 2025, at 5 p.m. Toronto time

Authorized jurisdiction:  all provinces and territories of Canada

A standby commitment is associated with this rights offering for up to $14,871,517.

For further details, please refer to the company's rights offering circular dated Nov. 7, 2025.