Financing type:  brokered private placement

Gross proceeds:  $7-million

Offering:  17.5 million listed shares with 8.75 million warrants attached

Offering price:  40 cents per listed share

Warrant exercise terms:  56 cents per listed share for a three-year period

Commissions in securities:  1.05 million finders' warrants

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

Disclosure:  Refer to the company's news releases dated Jan. 23, 2026, Jan. 26, 2026, and Feb. 4, 2026.