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Financings

BWR Exploration Inc. and Electro Metals and Mining Inc. Announce Meeting of Shareholders and Record Date

By The Northwire Desk — AI Analysis Nov 25, 2025 · 10:52 GMX · 1.7 Globex Mining Enterprises Inc.
GMX · Price

Executive Summary

  • BWR Exploration Inc. and Electro Metals and Mining Inc. have scheduled their Annual General and Special Shareholder Meetings for December 31, 2025 to seek approval of a proposed reverse‑takeover (RTO) that will combine the two companies into a new TSX Venture Exchange listed entity, “Electro Metals Corp.”
  • The transaction includes a concurrent financing round: up to $2.25 million via Flow‑Through Units at $0.26 each and up to $1.75 million via Hard‑Dollar Units at $0.20 each, intended to fund exploration activities post‑closing.
  • Closing of the RTO is expected on or about January 31, 2026, after which free‑trading shares of Electro Metals Corp. will be issued to shareholders of both companies.

Key Details

  • Share Exchange Ratio: Post‑consolidation BWR share issued for each Electro share (subject to adjustment) ≈ $0.021 per pre‑consolidation BWR share.
  • Financing Structure – Flow‑Through Units (FT):
  • Price: $0.26 per unit
  • Composition: 1 FT common share + ½ of a Common Share Purchase Warrant
  • Warrant exercise price: $0.35, exercisable for three years from listing date

  • Target raise: $1.6 M – $2.25 M (minimum‑maximum)

  • Financing Structure – Hard‑Dollar Units (HD):

  • Price: $0.20 per unit
  • Composition: 1 common share + 1 Common Share Purchase Warrant
  • Warrant exercise price: $0.25, exercisable for two years from listing date

  • Target raise: $1.6 M – $1.75 M (minimum‑maximum)

  • Closing Schedule: Multiple closings may commence after the shareholder meetings on December 31, 2025, with the final RTO expected to close on or about January 31, 2026.

  • Use of Proceeds: Funds from both FT and HD units will be used for exploration programs on the combined portfolio (e.g., Magusi–Fabie Project in Québec, Little Stull Lake gold project in Manitoba).
  • Shareholder Meetings:
  • BWR Meeting – December 31, 2025 at 8:00 AM, registered address, Toronto.
  • Electro Meeting – December 31, 2025 via Zoom (details to be provided).
  • Zoom Presentation: Scheduled for November 27, 2025 at 10:00 AM (link provided in release).

Notable Quotes

“The conclusion of this transaction will establish a company with strong growth potential anchored by high‑grade copper and gold projects,” – Daryl Hodges, Chairman & CEO, Electro Metals and Mining.

“This transaction will create a new publicly traded company with multiple exploration assets across central Canada… the combination provides a stronger platform to advance these assets through the exploration and development cycle,” – Neil Novak, President & CEO, BWR Exploration Inc.

Read the original news release →

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