Financing type:  brokered private placement

Offering:  $115-million (U.S.) ($159,321,000 (Canadian)) principal amount of convertible debenture, convertible into 34,938,816 listed shares

Conversion price:  $3.2895 (U.S.) ($4.56 (Canadian)) per non-flow-through convertible debenture

Maturity date:  five years

Interest rate:  5.5 per cent per annum

Disclosure:  Refer to the company's news releases dated Aug. 1, 2025, Aug. 20, 2025, and Aug. 22, 2025.