Financing type:  brokered private placement

Gross proceeds:  $8.05-million

Offering:  20,125,000 special warrants (Each special warrant will automatically convert into one unit of Idex, with each unit comprising one common share in the capital of the company and one-half of one common share purchase warrant on the day receipt is issued for a final short form prospectus or a prospectus supplement to a final short form base shelf prospectus is filed, in either case qualifying the distribution of the securities to be issued upon exercise of the special warrants; and (b) the date that is four months and a day the following date of issuance of the special warrants.

Offering price:  40 cents per special warrant

Warrant exercise terms:  60 cents per listed share for a two-year period

Non-cash commissions:  1,123,050 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 40 cents for a two-year period.

Public disclosure:  Refer to the company's news release dated May 5, 2026.