Further to the TSX Venture Exchange bulletin dated Sept. 25, 2023, the exchange has accepted for filing a proposed amendment dated Dec. 15, 2023, to a promissory note dated Sept. 18, 2023, issued to Auramet International Inc. (the lender), whereby the new maturity date is extended until Jan. 18, 2024. In connection with the extension of the maturity, the company is required to pay the lender $185,519.00 (U.S.) extension fee (1.5 per cent of the repayment amount) and the interest rate is increased to 15 per cent per month commencing Dec. 18, 2023.

Furthermore, the exchange has approved the issuance of 350,000 bonus warrants to the lender, each exercisable into one common share at $1.19 per share until Sept. 18, 2024, as part of the amendment.

For more information, please refer to the company's news releases dated Sept. 6, 2023, Sept. 18, 2023, Dec. 18, 2023, and Jan. 2, 2024.