Brixton Metals Announces Closing of Final Tranche of Non-Brokered Private Placement

Brixton Metals Corporation (BBB) closed the third and final tranche of its non-brokered private placement on November 13, 2026. The transaction involved the issuance of 147,059 National Flow-Through Shares (FT) and 1,456,339 Critical Mineral Flow-Through Shares (CMFT). Gross proceeds from this final tranche totaled $1,134,000.81, bringing cumulative gross proceeds from the three-tranche offering to $7,158,785.70. The offering was completed on a non-brokered basis, aligning with the previously announced and upsized $8 million offering structure.

Proceeds are designated for Canadian exploration expenses and flow-through mining expenditures, primarily targeting the Thorn Copper-Gold Project in British Columbia and the Langis Silver-Cobalt Project in Ontario. The company paid $66,840.01 in compensation and issued 94,513 non-transferable common share purchase warrants to introducers. These warrants are exercisable at $0.68 per share until November 12, 2028. All securities issued are subject to a statutory hold period of four months and one day, expiring on March 13, 2027.

Brixton Metals Corporation (BBB) has successfully completed a previously announced capital raise, securing approximately $7.2 million in gross proceeds. The financing directly funds the ongoing 60,000-meter drilling program at Langis and the exploration program at Thorn, extending the company's cash runway well into 2027.

The terms of the offering, including pricing at $0.68/$0.71, the warrant structure, and hold periods, are consistent with prior tranches and market conditions for flow-through financings. The completion of the offering removes near-term liquidity pressure and supports the execution of planned metallurgical testing and maiden Mineral Resource Estimate (MRE) reporting in Q1 2027.

Brixton Metals Corporation (BBB) is an exploration-stage company advancing four mineral properties across North America. The Langis Silver Project in Ontario, a past-producing high-grade silver-cobalt mine that yielded 10.4 moz Ag at 25 opt, is currently undergoing a 60,000-meter bedrock drilling program and a dedicated sonic drilling campaign. These efforts aim to define a maiden mineral resource estimate from historic tailings, with recent results including ultra-high-grade intercepts exceeding 12,000 g/t Ag.

In British Columbia, the company is developing the Thorn Copper-Gold Project, a district-scale porphyry and epithermal system. Drilling is targeting the Camp Creek high-sulphidation/porphyry corridor and the Trapper gold target, with maiden resource estimates expected in Q1 2027. Additionally, Brixton Metals has optioned the Hog Heaven Project in Montana to Ivanhoe Electric, who is funding the earn-in program, and the Atlin Goldfields Project in British Columbia to Eldorado Gold, under an agreement that includes planned drilling.