Financing type:  brokered and non-brokered private placement

Gross proceeds:  $8,865,390.20

Offering:  10,715,000 flow-through listed shares with 10,715,000 warrants attached; 12,277,430 non-flow-through listed shares with 12,277,430 warrants attached; 30,602,500 additional flow-through listed shares with 30,602,500 warrants attached

Offering price:  21.0 cents per flow-through listed share; 14.0 cents per non-flow-through listed share; 16.0 cents per additional flow-through listed share

Warrant exercise terms:  20 cents per listed share for a three-year period; 20 cents per listed share for a three-year period; 20 cents per listed share for a three-year period

Commissions in securities:  Red Cloud Securities Inc., 2,597,063 warrants

Commission terms:  Each non-transferable warrant is exercisable at 14 cents for a three-year period.

Disclosure:  Refer to the company's news releases dated Dec. 3, 2025, and Dec. 18, 2025.