The TSX Venture Exchange has accepted for filing an amended and restated promissory note dated July 28, 2026 (the A&R promissory note), which amends and restates the promissory note dated Feb. 6, 2026, evidencing a secured loan facility in the principal amount of $32-million (U.S.), together with accrued and unpaid interest thereon between the company, as borrower, and Auramet International Inc., an arm's-length lender. Under the A&R promissory note, the maturity date has been extended from Aug. 9, 2026, to Nov. 9, 2026.

In connection with the maturity date extension and pursuant to the terms of the A&R promissory note, the issuer paid an extension fee of $856,288 (U.S.) and issued 5.5 million non-transferable bonus warrants to the lender. Each bonus warrant is exercisable to purchase one common share of the company at a price of $1.52 for a period of one year. All bonus warrants previously issued in connection with the first maturity date extension have been cancelled.

For more information, please refer to the company's news releases dated May 7, 2026, May 12, 2026, June 15, 2026, and July 28, 2026.