Financing type:  non-brokered private placement

Gross proceeds:  $12.5-million

Offering:  11,363,636 listed shares with 11,363,636 warrants

Offering price:  $1.10 per listed share

Warrant exercise terms:  $1.50 per listed share for a 36-month period

Disclosure:  Refer to the company's news releases dated Jan. 10, 2026, Jan. 19, 2026, and Jan. 23, 2026.