On December 19, 2023, company that it will now issue 53,792,847 flow-through units at an issue price of CAD 0.065 per unit for the gross proceeds of CAD 3,496,535.055 and 3,200,000 non flow-through units at an issue price of CAD 0.065 per unit for the gross proceeds of CAD 208,000; aggregate gross proceeds of CAD 3,704,535.055 in the transaction. Each FT Unit consists of one flow-through common share and one-half of a common share purchase warrant, each full Warrant being exercisable for one additional common share at an exercise price of CAD 0.13 for 12 months from the date of issue. Each NFT Unit consists of one common share and one common share purchase warrant, each NFT Warrant being exercisable for an additional common share of the Company at an exercise price of CAD 0.13 for 24 months from the date of issuance.

The transaction included participation from 3 insiders for 453,846 FT Units for the gross proceeds of CAD 29,499.99. All securities issued pursuant to the FT Financing and the NFT Financing will be subject to a four-month and one-day hold period. The transaction is subject to TSX Venture Exchange.