Objective: To develop a bremsstrahlung target and megavoltage (MV) x-ray irradiation platform for ultrahigh dose-rate (UHDR) irradiation of small-animals for the Advanced Rare Isotope Laboratory (ARIEL) electron linac (e-linac) at TRIUMF. Approach: An electron-to-photon converter design for UHDR radiotherapy (RT) was centered around optimization of a tantalum-aluminum (Ta-Al) explosion-bonded target. Energy deposition within a homogeneous water-phantom and the target itself were evaluated using EGSnrc and FLUKA MC codes, respectively, for various target thicknesses (0.5-1.5 mm), beam energies (Ee-=8,10 MeV) and electron (gaussian) beam sizes (2σ=2-10 mm). Depth dose-rates in a 3D-printed mouse phantom were also calculated to infer the compatibility of the 10 MV dose distributions for FLASH-RT in small-animal models. Coupled thermo-mechanical FEA simulations in ANSYS were subsequently used to inform the stress-strain conditions and fatigue life (N) of the target assembly. Main Results: Dose-rates of up to 128 Gy s-1 at the phantom surface, or 85 Gy s-1 at 1-cm depth, were obtained for a 1x1 cm2 field size, 1-mm thick Ta target and 7.5 cm source-to-surface distance using the nominal treatment-beam configuration (Ee-=10 MeV,2σ=5 mm,P=1 kW); furthermore, removal of the collimation assembly and using a shorter (3.5 cm) SSD afforded dose-rates >600 Gy s-1, albeit at the expense of field conformality. Target temperatures were maintained below the tantalum, aluminum and cooling-water thresholds of 2000, 300 and 100 °C, respectively, while the aluminum strain behavior remained everywhere elastic and helped ensure N>3000 thermal cycles could be tolerated over the prescribed 5 yr life of the target. Significance: Effective design iteration, target cooling and failure mitigation have thus culminated in a robust target compatible with intensive transient (FLASH) and steady-state (diagnostic) applications. The ARIEL UHDR photon source will facilitate FLASH-RT experiments concerned with sub-second, pulsed or continuous beam irradiations at dose rates in excess of 40 Gy s-1.