Financing type:  brokered private placement

Gross proceeds:  $15-million

Offering:  9,375,000 listed shares with 4,687,500 warrants attached

Offering price:  $1.60 per listed share

Warrant exercise terms:  $2.25 per listed share for a three-year period

Commissions in securities:  546,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at $1.60 for a three-year period.

Disclosure:  Refer to the company's news releases dated Jan. 15, 2026, and Jan. 30, 2026.