Brunswick Exploration arranges $1.5-million financing

Executive Summary

• Brunswick Exploration Inc. announced a non-brokered private placement of up to 7.5 million flow-through (FT) common shares at $0.20 per share, raising gross proceeds of up to $1.5 million.
• The company intends to use the proceeds to fund the second phase of its drilling campaign at the Anatacau project in Quebec, specifically targeting the expansion of known pegmatites and new targets.
• The offering is scheduled to close around December 16, 2025, subject to TSX Venture Exchange approval, with proceeds renounced to subscribers for Canadian exploration and critical mineral mining tax credits.

Key Details

• Transaction Structure: Non-brokered private placement of up to 7.5 million common shares.
• Share Type: Flow-through (FT) shares under the Income Tax Act (Canada) and Taxation Act (Quebec).
• Price: $0.20 per FT share.
• Gross Proceeds: Up to $1.5 million.
• Use of Proceeds: Second phase of the drilling campaign at the Anatacau project (Eeyou Istchee-James region, Quebec).
• Tax Renunciation: Proceeds will be renounced to subscribers for Canadian exploration expenses (Subsection 66.1(6)) and flow-through critical mineral mining expenditures (Subsection 127(9)), with an effective date not later than December 31, 2025.
• Closing Date: Scheduled on or around December 16, 2025.
• Conditions: Subject to necessary approvals, including TSX Venture Exchange approval.
• Hold Period: Statutory four-month-and-one-day hold period applies to the FT shares.
• Strategic Context: CEO Killian Charles noted the company plans to return to Anatacau in early Q1 for a 2,500-to-3,000-metre drill program to expand pegmatites and uncover new targets, alongside an upcoming resource update at the Mirage project.

Notable Quotes

• "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." — Killian Charles, President and CEO