Financing type:  non-brokered private placement

Gross proceeds:  $4.1-million

Offering:  16.4 million listed shares with 8.2 million warrants

Offering price:  25 cents per listed share

Warrant exercise terms:  35 cents per listed share for an 18-month period, subject to an acceleration right

Commissions in securities:  282,000 finders' warrants

Commission terms:  Each non-transferable warrant is exercisable at 25 cents for an 18-month period.

Disclosure:  Refer to the company's news releases dated June 4, 2025, and June 25, 2025.