Financing type:  non-brokered private placement

Gross proceeds:  $7,000,000.20

Offering:  11,666,667 listed shares with 11,666,667 warrants attached

Offering price:  60 cents per listed share

Warrant exercise terms:  85 cents per listed share for a three-year period

Commissions in securities:  700,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 60 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Jan. 16, 2026, and Jan. 21, 2026.