Financing type:  non-brokered private placement

Gross proceeds:  $4,151,250

Offering:  3,075,000 listed shares with 1,537,500 warrants

Offering price:  $1.35 per listed share

Warrant exercise terms:  $1.90 per listed share for a two-year period

Commissions in securities:  141,614 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at $1.90 for a two-year period.

Disclosure:  Refer to the company's news releases dated Nov. 24, 2025.