The TSX Venture Exchange has accepted for filing the company's proposal to issue 1,901,648 bonus shares at 29.49 cents pursuant to a second loan amendment to a loan agreement dated Nov. 7, 2024 (original agreement dated Oct. 27, 2023), between the company and an arm's-length party, Auramet International Inc., and Auramet Capital Partners LP. Pursuant to the amendment, the term of an existing $15-million (U.S.) principal amount secured loan will be extended until May 29, 2025, and continue to bear an interest rate of 15 per cent per annum.

For further details, please refer to the company's news release dated Jan. 15, 2025.