Financing type:  non-brokered private placement

Gross proceeds:  $12-million

Offering:   30 million listed shares with 15 million warrants

Offering price:  40 cents per listed share

Warrant exercise terms:   60 cents per listed share for a three-year period

Commissions in securities:  1,463,625 warrants

Commission terms:  each non-transferable warrant is exercisable at 60 cents for a three-year period

Disclosure:  refer to the company's news release(s) dated Dec. 23, 2025, and Jan. 15, 2026