Brunswick Exploration Announces Non-Brokered Private Placement of $1.5M

Executive Summary

• Brunswick Exploration Inc. announced a non‑brokered private placement of up to 7,500,000 flow‑through common shares at $0.20 per share, targeting gross proceeds of up to $1,500,000.
• Proceeds will fund the second phase of the drilling campaign at the Anatacau lithium project in Québec and be used for eligible Canadian exploration expenses and flow‑through critical mineral mining expenditures.
• The offering is expected to close on or around December 16, 2025, subject to customary conditions including TSX‑V approval; the shares carry a statutory four‑month‑plus‑one‑day hold period.

Key Details

• Offering Size: Up to 7,500,000 common shares (flow‑through shares).
• Price per Share: $0.20 CAD.
• Maximum Gross Proceeds: $1,500,000 CAD.
• Use of Proceeds:
• Second phase drilling at the Anatacau project (2,500–3,000 m program).
• Eligible Canadian exploration expenses under subsection 66.1(6) of the Income Tax Act.
• Flow‑through critical mineral mining expenditures under subsection 127(9) of the Income Tax Act.
• Renunciation: Subscribers will receive renunciation certificates equal to at least the total gross proceeds, effective no later than December 31, 2025.
• Closing Date: Expected on or around December 16, 2025, pending required approvals (including TSX‑V).
• Hold Period: Statutory four months and one day from issuance.
• Regulatory Restrictions: Shares are not registered in the United States and may only be offered/sold there pursuant to applicable exemptions.

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 meters drill program… 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 & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the company's SEDAR filings.