Financing type:  non-brokered private placement

Gross proceeds:  $7-million

Offering:  17.5 million postconsolidated common share units of the company with 17.5 million common share purchase warrants attached

Offering price:  40 cents per unit

Warrant exercise terms:  60 cents per postconsolidated common share for a three-year period

Commissions in securities:  $102,046 cash, 498,750 finders' shares and 738,365 finders' warrants (seven finders)

Commission terms:  Each non-transferable warrant is exercisable at 60 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated July 15, 2025, July 18, 2025, Aug. 5, 2025, and Aug. 20, 2025.