Financing type:  brokered private placement

Gross proceeds:  $20,000,000.09

Offering:  25 million non-flow-through listed shares with 12.5 million warrants attached; 16,666,667 flow-through listed shares; 18,181,818 additional flow-through listed shares; 14,814,815 additional flow-through listed shares with 24,831,650 warrants attached

Offering price:  30 cents per flow-through listed share; 20 cents per non-flow-through listed share; 33 cents per additional flow-through listed share; 27 cents per additional flow-through listed share

Warrant exercise terms:  30 cents per listed share for a three-year period

Commissions in securities:  Red Cloud Securities Inc. (lead), Canaccord Genuity Corp., Haywood Securities Inc. and SCP Resource Finance LP, 4,091,975 warrants (aggregate)

Commission terms:  Each non-transferable warrant is exercisable at 20 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Sept. 11, 2025, and Oct. 3, 2025.