The TSX Venture Exchange has accepted for filing documentation the note purchase agreement dated June 2, 2025, among the issuer, a non-arm's-length party (Subco), and arm's-length parties. Pursuant to the terms of agreement, the investors have purchased convertible promissory notes from Subco in the aggregate principal amounts of $500,000 (U.S.) and $250,000 (U.S.). The principal amounts have been invested in Subco, a portion of which is convertible into equity of the Subco upon reaching certain milestones. The notes will mature 12 months from the date of issuance and will accrue interest at a rate of 12 per cent per annum, payable in cash semi-annually. The issuer may elect to pay up to 9 per cent of interest through the issuance of ordinary shares of Subco, subject to the prior exchange approval. The exchange acknowledges that if certain conditions are met, each note will convert into Subco shares. Any conversion of accrued and unpaid interest is subject to prior exchange approval.

For further information, please reference the company's news releases dated July 3, 2025, and Feb. 16, 2026.