Brunswick Exploration increases private placement to $5.5 million

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF, FRANKFURT: 1XQ) increased its non-brokered private placement from $4 million to $5.5 million due to investor demand, according to a company statement.

The Montreal-based mineral exploration company will sell up to 22 million units at $0.25 per unit. Each unit consists of one common share and half of one common share purchase warrant. The full warrants allow holders to buy one common share at $0.35 within 36 months of closing.

The offering is conducted under the listed issuer financing exemption of National Instrument 45-106. Securities issued under this exemption to Canadian residents are expected to be immediately tradeable under Canadian securities legislation.

"With these additional funds, we will accelerate the consolidation of multiple targets across several jurisdictions that we have identified as high-priority alongside the advancement of our Quebec portfolio," said Killian Charles, president and CEO.

The offering is expected to close around March 18, 2026, subject to regulatory approvals including TSX Venture Exchange approval. An amended offering document is available on the company's SEDAR+ profile and website.

Brunswick Exploration focuses on lithium exploration in Canada, Greenland and Saudi Arabia. The company's Mirage project contains an inferred mineral resource estimate of 52.2 million tonnes grading 1.08% Li2O.

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