View ValuationQuantum eMotion 향후 성장Future 기준 점검 2/6Quantum eMotion 의 수익은 연간 17.7% 감소할 것으로 예상되는 반면, 연간 수익은 144.7% 로 증가할 것으로 예상됩니다. EPS는 연간 4.5% 만큼 성장할 것으로 예상됩니다.핵심 정보-17.7%이익 성장률4.47%EPS 성장률Semiconductor 이익 성장30.4%매출 성장률144.7%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트27 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Apr 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Revenue is less than US$1m (CA$11k revenue, or US$8.2k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$15m net loss in 2 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (€266k sold).공시 • Apr 21Quantum eMotion Corp., Annual General Meeting, Jun 18, 2026Quantum eMotion Corp., Annual General Meeting, Jun 18, 2026. Location: quebec, montreal CanadaRecent Insider Transactions • Mar 16Independent Director recently sold €266k worth of stockOn the 12th of March, Tullio Panarello sold around 100k shares on-market at roughly €2.66 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €872k more than they bought in the last 12 months.New Risk • Jan 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Significant insider selling over the past 3 months (€590k sold).Recent Insider Transactions • Nov 23Independent Director recently sold €160k worth of stockOn the 19th of November, Tullio Panarello sold around 100k shares on-market at roughly €1.60 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €304k. Insiders have been net sellers, collectively disposing of €614k more than they bought in the last 12 months.Recent Insider Transactions • Nov 06Independent Director recently sold €98k worth of stockOn the 3rd of November, Wayne Teeple sold around 32k shares on-market at roughly €3.06 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €304k. Insiders have been net sellers, collectively disposing of €454k more than they bought in the last 12 months.Recent Insider Transactions • Oct 18Independent Director recently sold €304k worth of stockOn the 15th of October, Tullio Panarello sold around 200k shares on-market at roughly €1.52 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €356k more than they bought in the last 12 months.New Risk • Jun 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m.공시 • Jun 03Quantum eMotion Corp. announced that it has received CAD 12 million in fundingOn June 2, 2025, Quantum eMotion Corp. closed the transaction.공시 • May 30Quantum eMotion Corp. announced that it expects to receive CAD 6 million in fundingQuantum eMotion Corp. announced a best effort private placement to issue 4,000,000 units at an issue price of CAD 1.5 for the proceeds of CAD 6,000,000 on May 29, 2025. Each unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share at a price of CAD 1.82 for a period of 3 years following the closing date. It is expected that closing of the offering will take place on or about June 2, 2025. Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals. Agent will receive an aggregate cash fee equal to 6.0% of the gross proceeds of the Offering. In addition, the Corporation will issue to the Agent non-transferable warrants representing 4.0% of the aggregate number of Units issued pursuant to the Offering. Each Agent Warrant will entitle the holder to purchase one common share of the Corporation at price of CAD 1.66 for a 30-month period from the date of issuance.공시 • May 27Quantum eMotion Finalizes QRNG Hybrid Chip Design, Commences Manufacturing with TSMCQuantum eMotion Corp. announced the successful completion and validation of its first-generation Quantum Random Number Generator (QRNG) chip design. The 65-nm CMOS finalized design has been submitted for fabrication to Taiwan Semiconductor Manufacturing Company (TSMC), a leading global semiconductor foundry. This development marks a significant milestone for QeM. The finalized design--an advanced microsystem based on the quantum electron tunneling effect--has passed all simulations and lab testing, confirming its capability to produce purely random bits at exceptional speeds, all within a single compact chip package. Fabrication is now underway using standard TSMC CMOS process, allowing for scalability and rapid market deployment. The chip integrates critical components such as an ultra-low-noise wideband amplifier and a high-precision analog-to-digital converter, both successfully prototyped and validated by academic teams at ÉTS Montréal and the Institut Quantique at Université de Sherbrooke. Testing confirmed that the circuits preserved the integrity of quantum randomness, a fundamental requirement for cybersecurity applications. The device is designed to generate more than 1 Gbit/sec of true quantum random numbers with built-in self-diagnostic capabilities and is intended for seamless implementation on printed circuit boards with minimal external components.공시 • Apr 29Quantum eMotion Corp., Annual General Meeting, Jun 26, 2025Quantum eMotion Corp., Annual General Meeting, Jun 26, 2025. Location: quebec, montreal CanadaNew Risk • Feb 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (66% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€86.7m market cap, or US$90.2m).공시 • Feb 25Quantum eMotion Corp. announced that it has received CAD 10 million in fundingOn February 24, 2025, Quantum eMotion Corp. closed the transaction. The company announced that it has issued 13,333,333 units at issue price of CAD 0.75 for gross proceeds of CAD 9,999,999.75.공시 • Feb 21Quantum eMotion Corp. announced that it expects to receive CAD 6 million in fundingQuantum eMotion Corp. announced a best efforts brokered private placement, led by A.G.P. Canada Investments ULC, on behalf of itself and a syndicate of agents (hereinafter referred to collectively as the "Agents"), to issue 8,000,000 units at an issue price of CAD 0.75 per unit for gross proceeds of CAD 6,000,000 on February 20, 2025. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle its holder to acquire one additional common share at a price of CAD 1.10 for a period of 3 years following the Closing Date. It is expected that closing of the Offering will take place on or about February 24, 2025. Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals. As consideration for their services, the Agents will receive an aggregate cash fee equal to 6.5% of the gross proceeds of the Offering. In addition, the Corporation will issue to the Agents non-transferable warrants representing 5.0% of the aggregate number of Units issued pursuant to the Offering. Each Agent Warrant will entitle its holder to purchase one common share of the Corporation at price of CAD 0.88 for a 30-month period from the date of issuance.이익 및 매출 성장 예측BST:34Q0 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CAD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20276-15-9-9112/31/20261-12-7-713/31/20260-11-5-5N/A12/31/20250-11-4-4N/A9/30/2025N/A-8-3-3N/A6/30/2025N/A-7-3-3N/A3/31/2025N/A-6-2-2N/A12/31/2024N/A-3-2-2N/A9/30/2024N/A-3-2-2N/A6/30/2024N/A-3-2-2N/A3/31/2024N/A-2-2-2N/A12/31/2023N/A-2-2-2N/A9/30/2023N/A-3-2-2N/A6/30/2023N/A-3-2-2N/A3/31/2023N/A-3-2-2N/A12/31/2022N/A-3-2-2N/A9/30/2022N/A-2-2-1N/A6/30/2022N/A-2-2-1N/A3/31/2022N/A-2-2-1N/A12/31/2021N/A-2-2-1N/A9/30/2021N/A-2-1-1N/A6/30/2021N/A-1-1-1N/A3/31/2021N/A-1-1-1N/A12/31/2020N/A-100N/A9/30/2020N/A-100N/A6/30/2020N/A-1-1-1N/A3/31/2020N/A-1-1-1N/A12/31/2019N/A-1N/A-1N/A9/30/2019N/A-1N/A-1N/A6/30/2019N/A-1N/A-1N/A3/31/2019N/A-1N/A-1N/A12/31/2018N/A-1N/A-1N/A9/30/2018N/A-1N/A-1N/A6/30/2018N/A-1N/A-1N/A3/31/2018N/A-2N/A-1N/A12/31/2017N/A-1N/A-1N/A9/30/2017N/A-1N/A-1N/A6/30/2017N/A-1N/A0N/A3/31/2017N/A-1N/A0N/A12/31/2016N/A0N/A0N/A9/30/2016N/A0N/A0N/A6/30/2016N/A0N/A0N/A3/31/2016N/A0N/A0N/A12/31/2015N/A0N/A0N/A9/30/2015N/A0N/A0N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 34Q0 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: 34Q0 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: 34Q0 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: 34Q0 의 수익(연간 144.7%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 34Q0 의 수익(연간 144.7%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 34Q0의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 20:58종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Quantum eMotion Corp.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Brian KinstlingerAlliance Global Partners
New Risk • Apr 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Revenue is less than US$1m (CA$11k revenue, or US$8.2k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$15m net loss in 2 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (€266k sold).
공시 • Apr 21Quantum eMotion Corp., Annual General Meeting, Jun 18, 2026Quantum eMotion Corp., Annual General Meeting, Jun 18, 2026. Location: quebec, montreal Canada
Recent Insider Transactions • Mar 16Independent Director recently sold €266k worth of stockOn the 12th of March, Tullio Panarello sold around 100k shares on-market at roughly €2.66 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €872k more than they bought in the last 12 months.
New Risk • Jan 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Significant insider selling over the past 3 months (€590k sold).
Recent Insider Transactions • Nov 23Independent Director recently sold €160k worth of stockOn the 19th of November, Tullio Panarello sold around 100k shares on-market at roughly €1.60 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €304k. Insiders have been net sellers, collectively disposing of €614k more than they bought in the last 12 months.
Recent Insider Transactions • Nov 06Independent Director recently sold €98k worth of stockOn the 3rd of November, Wayne Teeple sold around 32k shares on-market at roughly €3.06 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €304k. Insiders have been net sellers, collectively disposing of €454k more than they bought in the last 12 months.
Recent Insider Transactions • Oct 18Independent Director recently sold €304k worth of stockOn the 15th of October, Tullio Panarello sold around 200k shares on-market at roughly €1.52 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €356k more than they bought in the last 12 months.
New Risk • Jun 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m.
공시 • Jun 03Quantum eMotion Corp. announced that it has received CAD 12 million in fundingOn June 2, 2025, Quantum eMotion Corp. closed the transaction.
공시 • May 30Quantum eMotion Corp. announced that it expects to receive CAD 6 million in fundingQuantum eMotion Corp. announced a best effort private placement to issue 4,000,000 units at an issue price of CAD 1.5 for the proceeds of CAD 6,000,000 on May 29, 2025. Each unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional common share at a price of CAD 1.82 for a period of 3 years following the closing date. It is expected that closing of the offering will take place on or about June 2, 2025. Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals. Agent will receive an aggregate cash fee equal to 6.0% of the gross proceeds of the Offering. In addition, the Corporation will issue to the Agent non-transferable warrants representing 4.0% of the aggregate number of Units issued pursuant to the Offering. Each Agent Warrant will entitle the holder to purchase one common share of the Corporation at price of CAD 1.66 for a 30-month period from the date of issuance.
공시 • May 27Quantum eMotion Finalizes QRNG Hybrid Chip Design, Commences Manufacturing with TSMCQuantum eMotion Corp. announced the successful completion and validation of its first-generation Quantum Random Number Generator (QRNG) chip design. The 65-nm CMOS finalized design has been submitted for fabrication to Taiwan Semiconductor Manufacturing Company (TSMC), a leading global semiconductor foundry. This development marks a significant milestone for QeM. The finalized design--an advanced microsystem based on the quantum electron tunneling effect--has passed all simulations and lab testing, confirming its capability to produce purely random bits at exceptional speeds, all within a single compact chip package. Fabrication is now underway using standard TSMC CMOS process, allowing for scalability and rapid market deployment. The chip integrates critical components such as an ultra-low-noise wideband amplifier and a high-precision analog-to-digital converter, both successfully prototyped and validated by academic teams at ÉTS Montréal and the Institut Quantique at Université de Sherbrooke. Testing confirmed that the circuits preserved the integrity of quantum randomness, a fundamental requirement for cybersecurity applications. The device is designed to generate more than 1 Gbit/sec of true quantum random numbers with built-in self-diagnostic capabilities and is intended for seamless implementation on printed circuit boards with minimal external components.
공시 • Apr 29Quantum eMotion Corp., Annual General Meeting, Jun 26, 2025Quantum eMotion Corp., Annual General Meeting, Jun 26, 2025. Location: quebec, montreal Canada
New Risk • Feb 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (66% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€86.7m market cap, or US$90.2m).
공시 • Feb 25Quantum eMotion Corp. announced that it has received CAD 10 million in fundingOn February 24, 2025, Quantum eMotion Corp. closed the transaction. The company announced that it has issued 13,333,333 units at issue price of CAD 0.75 for gross proceeds of CAD 9,999,999.75.
공시 • Feb 21Quantum eMotion Corp. announced that it expects to receive CAD 6 million in fundingQuantum eMotion Corp. announced a best efforts brokered private placement, led by A.G.P. Canada Investments ULC, on behalf of itself and a syndicate of agents (hereinafter referred to collectively as the "Agents"), to issue 8,000,000 units at an issue price of CAD 0.75 per unit for gross proceeds of CAD 6,000,000 on February 20, 2025. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle its holder to acquire one additional common share at a price of CAD 1.10 for a period of 3 years following the Closing Date. It is expected that closing of the Offering will take place on or about February 24, 2025. Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals. As consideration for their services, the Agents will receive an aggregate cash fee equal to 6.5% of the gross proceeds of the Offering. In addition, the Corporation will issue to the Agents non-transferable warrants representing 5.0% of the aggregate number of Units issued pursuant to the Offering. Each Agent Warrant will entitle its holder to purchase one common share of the Corporation at price of CAD 0.88 for a 30-month period from the date of issuance.