Financing type:  non-brokered private placement

Gross proceeds:  $2,877,000

Offering:  685,000 listed shares with 342,500 warrants

Offering price:  $4.20 per listed share

Warrant exercise terms:  $5.65 per listed share for a three-year period

Disclosure:  refer to the company's news release(s) dated Jan. 12, 2026, and Jan. 27, 2026