As previously disclosed (see news releases dated February 18, 2026, and March 18, 2025), the Company, NM Energy Holding Canada Corp. and Verdera entered into (i) a Share Purchase Agreement, dated March 17, 2025, pursuant to which, among other things, the Company was issued 50,000,000 non-voting preferred shares of Verdera (the "Consideration Shares") and (ii) a Side Letter dated April 4, 2025, by and between the Company and Verdera, pursuant to which Verdera agreed to register the common shares issuable on conversion of the Consideration Shares under the Securities Act of 1933, as amended (the "Securities Act") and the Company agreed, subject to the satisfaction of certain conditions, including, but not limited to, the effectiveness of a resale registration statement of Verdera, to elect to convert 35,000,000 Consideration Shares into Verdera common shares (the "Distribution Shares") and set a record date for, and complete, the Company's distribution of such shares to the Company's shareholders by way of stock dividend or similar distribution. Verdera has informed the Company that the Securities and Exchange Commission has declared the resale registration statement effective. As such, the Company has declared a pro rata distribution of the Distribution Shares, determined by dividing the Distribution Shares by the number of common shares of the Company outstanding on September 25, 2026, rounded down to the nearest whole Distribution Share. The distribution will be payable on September 30, 2026, to shareholders of record on September 25, 2026. Certain of the Distribution Shares are subject to contractual restrictions on transfer until November 20, 2026, and February 20, 2027.