The TSX Venture Exchange has accepted for filing a proposed advance of up to $20-million (U.S.) principal amount in the form of a promissory note dated May 9, 2025, issued to BT Strategic Mineral Assets LP. Maturing nine months from issuance, the advance bears interest rate of 12 per cent per annum. Additionally, the company paid a 2.5-per-cent arrangement fee of the principal amount.

Furthermore, the exchange has approved the issuance of five million bonus warrants to the lender, each exercisable into one common share at 94 cents per share for a period of one year.

For more information, please refer to the company's news release dated May 9, 2025.