Brixton closes $3.99M second tranche of placement

Mr. Gary Thompson reports BRIXTON METALS CLOSES TRANCHE 2 OF ITS PRIVATE PLACEMENT Brixton Metals Corp. completed on Dec. 11, 2025, the second tranche of a non-brokered private placement previously announced on Nov. 14, 2025. The offering consisted of 250,000 national flow-through units at a per FT unit price of eight cents and 56,827,497 non-flow-through units at a per NFT unit price of seven cents for total gross proceeds of $3,997,924.79. Each of the FT units and NFT units consisted of a national flow-through share and common share, respectively, and each of the units also comprised one non-transferable warrant. Each warrant entitles the holder to purchase one additional non-flow-through common share of the company at a per share price of 10 cents until Dec. 11, 2028. The proceeds raised from the sale of the FT units will be used to incur Canadian exploration expenses and flow-through mining expenditures as defined in the Income Tax Act (Canada). The gross proceeds from the NFT units will be used for general corporate purposes. The securities issued to subscribers of the FT units will be subject to a hold period until April 12, 2026, pursuant to applicable Canadian securities laws. The common shares and warrants comprising the NFT units issuable under the offering were offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106. Because the offering of the NFT units was completed pursuant to the listed issuer financing exemption, the securities issued to subscribers for the non-flow-through common shares and warrants underlying the NFT units are not subject to a hold period pursuant to applicable Canadian securities laws. Finders' fees of an aggregate $1,200 in cash and 3,364,649 non-transferable warrants to purchase common shares of the company at a per share price of 10 cents until Dec. 11, 2028, were paid to arm's-length persons who introduced the company to subscribers to the offering. We seek Safe Harbor.