Financing type:  brokered and non-brokered private placement

Offering:  $12-million principal amount of convertible debentures, convertible into 26,666,667 listed shares

Conversion price:  45 cents per listed share

Maturity date:  Dec. 31, 2029

Interest rate:  10 per cent per annum

Commissions in securities:  Bloom Burton Securities Inc. (lead), 240,000 warrants; Research Capital Corp., 100,000 warrants; Leede Financial Inc., 60,000 warrants

Commission terms:  Each non-transferable warrant is exercisable at 45 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated Dec. 17, 2025, and Dec. 23, 2025.