Brixton Metals Corporation
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Brixton Metals Corporation Announces Share Consolidation
Globenewswire· 2026-02-17 12:30
Core Viewpoint - Brixton Metals Corporation has announced a consolidation of its common shares, with a ratio of one post-consolidation share for every ten pre-consolidation shares, following shareholder approval [1][2]. Group 1: Share Consolidation Details - The consolidation was approved at the Annual General and Special Meeting of Shareholders held on February 4, 2026 [2]. - Post-consolidation shares will begin trading on the TSX Venture Exchange on February 20, 2026, under the existing symbol "BBB" [2]. - After the consolidation, Brixton will have approximately 71,323,542 common shares issued and outstanding [3]. Group 2: Fractional Shares and Shareholder Instructions - No fractional shares will be issued; fractional interests less than 0.5 will be rounded down, while those 0.5 or greater will be rounded up [3]. - The Company's transfer agent, TSX Trust Company, will send a letter of transmittal to registered shareholders with instructions for exchanging pre-consolidation share certificates [4]. Group 3: Company Overview - Brixton Metals is a Canadian exploration company focused on advancing its mining projects, including the flagship Thorn copper-gold-silver-molybdenum Project and other projects in the USA and Canada [5].
Brixton Metals Defines New Exploration Targets at Thorn Through Geochemical Sampling
Globenewswire· 2026-02-06 12:30
Core Insights - Brixton Metals Corporation has announced significant results from its exploration activities at the Thorn Project, including new mineralization targets identified through soil and rock sampling [1][5][7] - The company is set to drill all four of its projects in 2026, marking a milestone for Brixton [3][24][25] - A ten-for-one share consolidation has been approved, which will result in a new share count of approximately 71.3 million shares outstanding [5][27][28] Exploration and Sampling Results - The soil and rock sampling program at the Thorn Project identified multiple new exploration targets, including the Cirque East Target with assays showing up to 2.16% copper and 39 g/t silver [5][9] - The 95th South Target revealed high-grade silver mineralization with assays returning up to 642 g/t silver, 1.47% copper, 3.56% lead, and 1.97% zinc [5][13] - A total of 770 soil samples and 195 rock samples were collected during the 2025 exploration season, leading to the identification of several new porphyry exploration targets [7][8] Drilling Activities - Drilling at the Thorn Project in 2025 included 3,223 meters at Camp Creek and 6,272 meters at Trapper, with results from these drillholes being presented in the news release [7][16][17] - The Camp Creek Corridor is noted for hosting multiple centers of porphyry-style mineralization, with ongoing work aimed at refining field results for potential drilling in 2026 [8][10] - The Trapper Gold Target showed gold mineralization associated with silver and base metals, with drilling comprising 6,272 meters across 30 holes [16] Corporate Developments - The Annual General and Special Meeting held on February 4, 2026, resulted in the election of new directors and the re-election of incumbent directors [27] - The company is actively drilling at its Langis Silver Project, with 3,000 meters completed in 2026 and assay results pending [24] - Brixton's Hog Heaven and Atlin Goldfields Projects are also under drilling agreements, with plans to commence drilling in May 2026 [25]
Brixton Metals Defines New Exploration Targets at Thorn Through Geochemical Sampling
Globenewswire· 2026-02-06 12:30
Core Insights - Brixton Metals Corporation has announced the results from its regional prospecting soil and rock sampling program and remaining drill results from the 2025 field season at the Thorn Project, indicating significant exploration progress and potential for mineralization [1][3][5]. Exploration and Drilling Updates - The company identified multiple new exploration targets through geochemical sampling, including the Cirque East Target with assays returning up to 2.16% copper and 39 g/t silver, and the 95th South Target with high-grade silver mineralization yielding up to 642 g/t silver [5][7][13]. - Drilling activities in 2025 included 3,223 meters at Camp Creek, 6,272 meters at Trapper, 2,670 meters at Catalyst, and 601 meters at Tempest, with ongoing drilling expected to continue in 2026 [7][15][16]. - The Camp Creek Corridor hosts multiple centers of porphyry-style mineralization, with significant findings from the 2025 exploration season expanding the surface footprint of the Catalyst and Tempest Targets [8][9]. Corporate Developments - At the Annual General and Special Meeting on February 4, 2026, shareholders approved a ten for one share consolidation, resulting in a new post-consolidation share count of 71.3 million shares outstanding, aimed at enhancing share price appreciation [5][27][28]. - The company is actively drilling its Langis Silver Project and has commenced drilling at the Hog Heaven Project under an Earn-in Agreement with Ivanhoe Electric, as well as the Atlin Goldfields Project under an Option Agreement with Eldorado Gold [23][25]. Future Plans - Drilling at the Thorn Project is expected to commence in May 2026, with results to be released as they become available [22]. - The company anticipates that the current strong metals market and the simultaneous drilling of all four projects will provide greater opportunities for growth [5][27].
Brixton Metals Commences Drilling At Its Langis Silver Project
Globenewswire· 2026-01-13 12:30
Core Viewpoint - Brixton Metals Corporation has initiated drilling activities at its Langis Silver Project, capitalizing on strong silver prices to enhance shareholder value and aiming to establish a maiden mineral resource estimate [1][3]. Project Overview - The Langis Silver Project is located in Ontario's Cobalt Camp, approximately 500 km north of Toronto, and is fully funded for a 2026 drilling campaign [1][15]. - The project has excellent infrastructure, including all-season road access, power, rail connections, and a refiner [1]. Drilling Campaign Details - The 2026 phase one drill campaign will consist of approximately 15,000 meters of shallow near-surface drilling, focusing on expanding and infilling established high-grade silver zones, as well as exploring new mineralization areas [4][9]. - Historical drilling has shown significant silver mineralization, with rock grab samples returning up to 182,065 g/t silver and multiple intercepts exceeding 1,000 g/t Ag [4][7]. Mineralization Insights - Silver mineralization at Langis occurs in various forms, including native silver in veins and disseminated forms, often associated with minerals like calcite, hematite, and gold [4][15]. - The project has identified mineralization near geological contacts, with many areas remaining untested, indicating high discovery potential [6][15]. Historical Context - The Langis Mine historically produced 10.4 million ounces of silver at an average grade of 777.5 g/t silver from 1908 to 1989, with reported recoveries between 88% and 98% [15]. - The Cobalt Camp has collectively produced over 500 million ounces of silver, highlighting the area's rich mining history [15]. Company Background - Brixton Metals Corporation is focused on advancing its mining projects, including the Langis Silver Project, and trades on the TSX-V under the ticker symbol BBB [17].
Brixton Metals Concludes Its December Private Placement for a Total of $12.2 Million
Globenewswire· 2025-12-18 20:29
Core Viewpoint - Brixton Metals Corporation has successfully completed the third and final tranche of a non-brokered private placement, raising a total of approximately $12.2 million across all tranches, with plans to utilize the proceeds for a winter drill campaign at its Langis Silver Project in Ontario, amid rising silver prices [1][2][3]. Group 1: Private Placement Details - The third tranche consisted of 35,714,285 Non Flow-Through (NFT) Units priced at $0.07 each, generating gross proceeds of $2,499,999.95 [2]. - Cumulative gross proceeds from all three tranches amounted to $12,196,193.80, with the first and second tranches raising $5,698,269.06 and $3,997,924.79, respectively [2]. - Each NFT Unit includes a Common Share and a non-transferable Warrant, allowing the purchase of an additional Common Share at $0.10 until December 18, 2028 [3]. Group 2: Project and Financial Outlook - A portion of the proceeds will be directed towards a winter drill campaign at the Langis Silver Project, which has historical production of 10.4 million ounces of silver with high recovery rates [3]. - The company plans to drill up to 15,000 meters as part of a phase one program starting in January 2026, following promising results from previous drilling [3]. - Current silver prices have reached an all-time high of $66 per ounce, positioning the company to attract silver investors [3]. Group 3: Regulatory and Compliance Information - The NFT Units were offered under the Listed Issuer Financing Exemption, meaning the securities are not subject to a hold period under Canadian securities laws [4]. - The company’s Qualified Person, Gary R. Thompson, has verified and approved the technical information disclosed in the announcement [5].
Brixton Metals Reports the Balance of its 2025 Drill Results at the Trapper Gold Target
Globenewswire· 2025-12-16 12:30
VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce updated and complete assay results from the Trapper Gold Target at its wholly owned Thorn Project in northwestern British Columbia. This release includes multi-element results for all remaining holes from the 2025 campaign, as well as updated intervals for previously reported drill holes where only gold was disclosed. A total of 6272m was dr ...
Brixton Metals Closes Tranche 2 Of Its Private Placement
Globenewswire· 2025-12-11 22:03
Core Viewpoint - Brixton Metals Corporation has successfully completed the second tranche of a non-brokered private placement, raising a total of approximately $3.998 million [1][2]. Group 1: Offering Details - The Offering included 250,000 National Flow-Through Units priced at $0.08 each and 56,827,497 Non-Flow-Through Units priced at $0.07 each, resulting in total gross proceeds of $3,997,924.79 [2]. - Each FT Unit and NFT Unit consists of a National Flow-Through Share and a Common Share, respectively, along with one non-transferable warrant that allows the holder to purchase an additional Common Share at $0.10 until December 11, 2028 [3]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated to incur "Canadian exploration expenses" and "flow through mining expenditures" as defined in the Income Tax Act (Canada), while proceeds from the NFT Units will be used for general corporate purposes [4]. Group 3: Securities and Regulations - The securities issued for the NFT Units are not subject to a hold period due to the offering being completed under the Listed Issuer Financing Exemption [5]. - A finder's fee of $1,200 in cash and 3,364,649 non-transferable warrants was paid to individuals who introduced subscribers to the Offering [6].
Brixton Metals Closes Tranche 1 Of Its Private Placement
Globenewswire· 2025-12-03 12:30
Core Viewpoint - Brixton Metals Corporation has successfully completed the first tranche of a non-brokered private placement, raising total gross proceeds of approximately $5.7 million [1][2]. Group 1: Offering Details - The Offering included 30,062,500 National Flow-Through Units at $0.08 each, 37,761,989 Critical Mineral Flow-Through Units at $0.085 each, and 1,192,857 Non Flow-Through Units at $0.07 each [2]. - The total gross proceeds from the Offering amounted to $5,698,269.06 [2]. Group 2: Unit Composition - Each type of unit (FT Units, CMFT Units, and NFT Units) consists of a share and a non-transferable warrant, allowing the purchase of an additional common share at $0.10 until December 2, 2028 [3]. Group 3: Use of Proceeds - Proceeds from FT Units will be allocated to Canadian exploration expenses and flow-through mining expenditures, primarily for drilling at the Thorn Copper-Gold Project and the Langis Silver-Cobalt Project [5]. - Gross proceeds from CMFT Units will be used for flow-through critical mineral mining expenditures as defined by Canadian tax law [5]. - Proceeds from NFT Units will be utilized for general corporate purposes [5]. Group 4: Insider Participation - An insider participated in the Offering, contributing $29,999.90, which is classified as a Related Party Transaction under TSX Venture Exchange Policy [4]. Group 5: Securities Regulations - Securities issued to subscribers of FT Units and CMFT Units will be subject to a hold period until April 3, 2026, in accordance with Canadian securities laws [6]. - NFT Units offered to Canadian residents are exempt from a hold period due to the Listed Issuer Financing Exemption [7]. Group 6: Finder's Fees - Finder's fees totaling $88,246.14 and 1,051,481 non-transferable warrants were paid to individuals who introduced subscribers to the Offering [8].
Brixton Metals Makes Copper-Gold-Silver Porphyry Discovery at the Tempest Target on its Thorn Project
Globenewswire· 2025-12-01 19:29
Core Insights - Brixton Metals Corporation has discovered a second copper-gold porphyry system at the Tempest Target within its Thorn Project in British Columbia, confirming the presence of mineralization associated with porphyritic rocks [1][3][11] Exploration Results - The first drill hole at Tempest (THN25-356) returned 90.00 meters of 0.33% CuEq, including 16.55 meters of 0.63% CuEq and 27.22 meters of 0.42% CuEq [4][7] - The assay results indicate the presence of copper, gold, silver, and molybdenum mineralization, with significant intervals showing well-defined mineralization [11][12] Geological Context - The Tempest area features a flat landscape covered by landslide and glacial deposits, with mineralized porphyry outcrops identified through detailed mapping and geophysical surveys [9][10] - The identified porphyries include fine-grained feldspar-rich and medium-grained dioritic types, suggesting a multiphase porphyry system [11][12] Future Exploration Strategy - Brixton plans to continue exploration in the Camp Creek Corridor, focusing on the relationship between the Catalyst and Tempest systems, which may indicate significant near-surface mineralization potential [19] - The company has adopted a scale-focused drilling strategy to assess the lateral continuity and size potential of the mineralized systems [19] Company Overview - Brixton Metals is a Canadian exploration company focused on advancing its mining projects, including the Thorn Project, which is its flagship [25]
Brixton Metals Announces Non-Brokered Private Placement of up to $18 Million
Globenewswire· 2025-11-14 12:30
Not for distribution to United States Newswire Services or for dissemination in the United StatesVANCOUVER, British Columbia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce a non-brokered private placement offering (the “Offering”) of any combination of National Flow-Through Units (“FT Units”) at a price of $0.08 per FT Unit, Critical Mineral Flow-Through Units (the “CMFT Units”) at a price of $0.085 per CMFT Unit, ...