Brunswick receives exploration licence in Saudi Arabia

Executive Summary

• Brunswick Exploration Inc. has been awarded an exploration licence in the Kingdom of Saudi Arabia (KSA), marking its entry into the country as the first hard-rock lithium company to launch a systematic, countrywide exploration program there.
• The new initiative complements the company's existing projects in Canada (Mirage project, expecting a maiden resource in early Q1 2026) and Greenland (inaugural drill program planned for 2026).
• The KSA licence area covers 8,467 hectares, selected based on favorable geology and geochemistry, with a prospecting campaign scheduled to commence in the first half of 2026.

Key Details

• Licence Award: Brunswick Exploration was awarded an exploration licence in Saudi Arabia, pending final government approval and completion of administrative requirements.
• Location: The licence area is located approximately 150 kilometres from Buraydah and 450 kilometres east of Riyadh, the capital.
• Access: The area is accessible via major highways and smaller roads throughout the property.
• Licence Size: The total licence area covers 8,467 hectares.
• Selection Criteria: The area was chosen based on preferred geology, geochemistry, and interpreted satellite imagery.
• Strategic Context: Saudi Arabia is establishing itself as a major lithium processing hub under "Saudi Vision 2030," aiming to diversify beyond oil and gas. The jurisdiction has a supportive government, well-established mining laws, and active participation from major miners like Barrick, Ivanhoe Electric, Tinka Resources, and Power Metallic.
• Operational Synergy: CEO Killian Charles noted that prospecting in Saudi Arabia during its colder months allows the company to generate results year-round, complementing the seasonal constraints of their Canadian and Greenland operations.
• Upcoming Schedule: A prospecting campaign in Saudi Arabia is planned to commence in H1 2026.
• Other Project Updates:
  • Canada (Mirage Project): A maiden mineral resource estimate (MRE) is expected in early Q1 2026.
  • Greenland (Nuuk Lithium): An inaugural drill program is planned for 2026.
  • New Discovery: The company highlighted a new discovery neighbouring Rio Tinto's Galaxy project.

Notable Quotes

• Killian Charles, President and CEO: "Following the completion of our grassroots campaign in Greenland, we have continuously sought to utilize and leverage our unique lithium exploration expertise and Saudi Arabia is an underexplored jurisdiction for lithium with exceptional potential."
• Killian Charles, President and CEO: "Importantly, prospecting in Saudi Arabia is preferentially executed during the seasonally colder months in Canada and Greenland, allowing BRW to generate prospecting results twelve months of the year."