Further to the TSX Venture Exchange bulletin dated June 12, 2025, and the expiry of the company's rights offering on July 21, 2025, the exchange has accepted for filing the rights offering pursuant to which 29,887,022 units at a price of 11 cents were issued for gross proceeds of $3,287,572.42. Each unit consists of one share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one share of the company at 18 cents for a two-year period.

For further information, please refer to the company's news releases dated June 9, 2025, and July 22, 2025.