Financing type:  non-brokered private placement

Gross proceeds:  $41,604,000

Offering:  six million listed shares with six million warrants attached

Offering price:  $6.934 per listed share

Warrant exercise terms:  $8.32 per listed share for a five-year period

Disclosure:  Refer to the company's news releases dated May 20, 2025, and May 22, 2025.