Brunswick Exploration Closes Upsized Non-Brokered Private Placement of $2.1 M

Core Viewpoint - Brunswick Exploration Inc. has successfully closed a non-brokered private placement, raising approximately $2,121,542 through the sale of 12,123,097 flow-through shares at a price of $0.175 per share, which positions the company for an aggressive start to 2026 with upcoming drilling programs and resource estimates [1][2]. Group 1: Financial Details - The private placement generated gross proceeds of approximately $2,121,542 from the sale of 12,123,097 common shares [1]. - The company paid finder's fees totaling $62,726.24 to third parties in connection with the offering [2]. - Insiders participated in the offering, acquiring a total of 314,200 flow-through shares, which qualifies as a related party transaction under Regulation 61-101 [3]. Group 2: Future Plans and Developments - The company anticipates the release of the maiden resource estimate for the Mirage project in early January, followed by an expanded drilling program at the Anatacau discovery [2]. - Plans include prospecting in Saudi Arabia and further drilling at Mirage, both expected to commence in the second quarter of 2026 [2]. Group 3: Company Overview - Brunswick Exploration is a mineral exploration company based in Montréal, focusing on grassroots exploration for lithium, a critical metal for global decarbonization and energy transition [6]. - The company is advancing its portfolio of lithium properties and projects located in Quebec, Greenland, and Saudi Arabia [6].