Brixton Metals Corporation (TSX-V: BBB, OTCQX: BBBXF) completed a non-brokered private placement raising gross proceeds of $4,048,899.84, the company announced April 10.

The offering consisted of 1,110,000 national flow-through shares priced at $1.35 per share and 1,771,111 critical mineral flow-through shares at $1.44 per share.

Proceeds from the national flow-through shares will fund Canadian exploration expenses and flow-through mining expenditures as defined under Canada's Income Tax Act. The critical mineral flow-through share proceeds will be used for flow-through critical mineral mining expenditures under the same legislation.

The company stated exploration expenditures will primarily support exploration and drilling activities at its Thorn Copper-Gold Project in British Columbia and the Langis Silver-Cobalt Project in Ontario.

In connection with the offering, Brixton paid $30,000 and issued 20,833 non-transferable compensation warrants to an arm's length party who introduced a subscriber. Each warrant allows the purchase of one common share at $1.44 until April 10, 2028.

All securities issued under the placement are subject to a four-month and one-day hold period expiring August 11, 2026, pursuant to Canadian securities laws.

The information was provided in a company press release statement.