Financing type:  non-brokered private placement

Gross proceeds:  $4.6-million

Offering:  20 million flow-through listed shares with 10 million warrants attached

Offering price:  23 cents per flow-through listed share

Warrant exercise terms:  40 cents per listed share for a three-year period

Commissions in securities:  495,400 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 40 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Nov. 10, 2025, and Dec. 18, 2025.