07:09:35 EST Wed 03 Dec 2025
Enter Symbol
or Name
USA
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Brunswick Exploration Inc
Symbol BRW
Shares Issued 247,339,034
Close 2025-12-02 C$ 0.145
Market Cap C$ 35,864,160
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Brunswick Exploration arranges $1.5-million financing

2025-12-02 21:20 ET - News Release

Mr. Killian Charles reports

BRUNSWICK EXPLORATION ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF $1.5M

Brunswick Exploration Inc. has arranged a non-brokered private placement of up to 7.5 million common share of the corporation, to be sold as flow-through (FT) shares within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec), at a price of 20 cents per FT share, for gross proceeds of up to $1.5-million.

Killian Charles, president and chief executive officer of Brunswick Exploration, commented: "After the stellar results from our maiden campaign at Anatacau, we will be returning in early Q1 to begin a 2,500-to-3,000-metre drill program. We see significant potential to continue expanding the known pegmatites and uncover new targets across the project. With the forthcoming resource at Mirage, we believe BRW will have an exciting start to the year across its portfolio in Quebec, Greenland, Saudi Arabia and further afield."

The corporation intends to use the proceeds raised from the offering for the second phase of its drilling campaign at the Anatacau project, located in the Eeyou Istchee-James Bay region of Quebec. Proceeds from the sale of FT shares will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the tax act, and flow through critical mineral mining expenditures, as defined in Subsection 127(9) of the tax act. Such proceeds will be renounced to the subscribers with an effective date not later than Dec. 31, 2025, in the aggregate amount of not less than the total amount of gross proceeds raised from the sale of FT shares.

The offering is scheduled to close on or around Dec. 16, 2025, and is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The FT shares will be subject to a statutory four-month-and-one-day hold period.

About Brunswick Exploration Inc.

BRW is a Montreal-based mineral exploration company focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The corporation is rapidly advancing its extensive portfolio of grassroots lithium properties and projects in Quebec (Mirage and Anatacau), Greenland (Nuuk Lithium) and the Kingdom of Saudi Arabia.

We seek Safe Harbor.

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