Financing type:  non-brokered private placement

Gross proceeds:  $3,232,500

Offering:  12.93 million listed shares with 6,465,000 warrants attached

Offering price:  25 cents per listed share

Warrant exercise terms:  40 cents per listed share for a two-year period, subject to an acceleration right

Commissions in securities:  74,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 25 cents for a two-year period.

Disclosure:  Refer to the company's news releases dated Dec. 11, 2025, and Jan. 19, 2026.