Private placement -- brokered

Financing type:  brokered private placement

Gross proceeds:  $40.25-million

Offering:  5,031,250 listed shares

Offering price:  $8 per listed share

Commissions in securities:  nil

Private placement -- non-brokered

Financing type:  non-brokered private placement

Gross proceeds:  $15-million

Offering:  1,875,000 listed shares

Offering price:  $8 per listed share

Commissions in securities:  nil

Disclosure:  Refer to the company's news releases dated Oct. 16, 2025, and Oct. 28, 2025.