Financing type:  non-brokered private placement

Offering:  $1,187,500 (U.S.) ($1,617,018.75 (Canadian)) principal amount of convertible debentures, convertible into 7,887,896 listed shares with 3,943,948 detachable warrants

Conversion price:  20.5 Canadian cents per listed share

Maturity date:  Feb. 20, 2028

Interest rate:  20 per cent per annum

Warrant exercise terms:  25.26 Canadian cents per listed share for a two-year period

Disclosure:  Refer to the company's news releases dated Feb. 17, 2026, and Feb. 20, 2026.