Financing type:  non-brokered private placement

Gross proceeds:  $27.5-million

Offering:  5.5 million listed shares with 5.5 million warrants attached

Offering price:  $5 per listed share

Warrant exercise terms:  $7 per listed share for a two-year period

Commissions in securities:  62,500 finders' shares and 62,500 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at $7 for a two-year period.

Disclosure:  Refer to the company's news releases dated Dec. 22, 2025, Dec. 29, 2025, Jan. 21, 2026, and Jan. 28, 2026.