On March 31, 2026, Rio Grande had 44,899,037 outstanding shares, of which 5,152,557 shares were held by the Company, represented a 11.48% interest ( March 31, 2025 – 19.95% interest).  Due to the reduction in share ownership and resulting significant influence, the shares were revalued and reclassified as marketable securities.

* determined based on the quoted market price.

As at March 31, 2026, the Company presented its investments in Rio Grande as non-current assets as it is management’s intention to hold these securities for at least 12 months.