Core Viewpoint - Brunswick Exploration Inc. is initiating a non-brokered private placement to raise up to $4 million through the sale of 16 million units at a price of $0.25 per unit, aimed at expanding its lithium exploration efforts in Saudi Arabia and other regions [1][2]. Financing Details - The offering consists of units, each comprising one common share and one half of a common share purchase warrant, with warrants allowing the purchase of shares at $0.35 for 36 months post-closing [2]. - The offering is expected to close around March 18, 2026, subject to necessary approvals [6]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities in Canada, Saudi Arabia, and Greenland, as well as for general corporate purposes and working capital [4]. Insider Participation - Participation by insiders in the offering will be classified as a related party transaction, with the company relying on exemptions from formal valuation and minority shareholder requirements [5]. Company Overview - Brunswick Exploration is focused on grassroots lithium exploration in Canada, Greenland, and Saudi Arabia, with a significant property portfolio underpinned by its Mirage project, which has an inferred mineral resource estimate of 52.2 million tonnes grading 1.08% Li2O [9][10].

MONTREAL, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce it has identified three new high priority lithium targets (area A, B and C in Figure 1) at the Anatacau Main Project, where drilling is currently underway, located in the Eeyou-Istchee James Bay region of Quebec. The Project is strategically situated 22 kilometers east and along strike of a major proven lithium-bearing structural corridor also hostin ...

Core Insights - Surge Battery Metals Inc. has announced positive assay results from the Nevada North Lithium Project, indicating successful step-out drilling that expands the current mineral resource boundary [1][5]. Drilling Program Highlights - The 2025 drilling program consisted of nine holes totaling 4,634.5 feet (1,412.6 meters), achieving objectives such as upgrading mineral resources and gathering essential data for a Pre-Feasibility Study (PFS) [3][6]. - Significant mineralization was confirmed, with hole NNL-037 returning 30.6 meters (100.5 ft) grading an average of 4,196 ppm Lithium, along with notable Rubidium and Cesium values [5][7]. Mineralization Data - Detailed results from the drilling program include: - NNL-029: 42.3 meters (138.4 ft) at 3,306 ppm Li - NNL-031: 70.5 meters (240.3 ft) at 3,432 ppm Li - NNL-034: 50.4 meters (165.3 ft) at 3,134 ppm Li [4][5]. - The program confirmed a positive correlation between high-grade Lithium and elevated levels of Cesium and Rubidium, indicating a uniform mineralizing system across the 4.3 km strike length [5]. Resource Upgrade and PFS Preparation - The infill drilling has increased data density within the existing resource footprint, supporting the upgrade of Inferred resources to Indicated and Measured classifications, which is crucial for the upcoming PFS [6][8]. - Comprehensive data collected includes large-diameter core for metallurgical testing and detailed geotechnical and hydrogeological data [6]. Company Overview - Surge Battery Metals Inc. is focused on securing domestic lithium supply through its Nevada North Lithium Project, which is essential for battery electric storage and electric vehicles [14]. - The project has a pit-constrained Inferred Resource of approximately 11.24 million tons of Lithium Carbonate Equivalent (LCE) grading 3,010 ppm Li [16].

Core Insights - Surge Battery Metals Inc. has entered into two investor relations agreements to enhance marketing and investor awareness regarding the company and its Nevada North Lithium Project [2][3]. Group 1: Investor Relations Agreements - The company has signed a marketing and investor awareness agreement with Freedom Financial Research, LLC, for a fee of US$150,000, which will last approximately 30 days starting February 2026 [2]. - An amended investor awareness agreement with New Era Publishing Inc. has been established, extending the campaign for about three months with a fee of US$75,000, focusing on online marketing and investor awareness [3]. Group 2: Equity Incentive Plan - As of February 5, 2026, the company granted 881,250 restricted share units (RSUs) and 293,750 performance share units (PSUs) under its Equity Incentive Plan [4]. - The vesting schedule for RSUs includes 50% vesting on the first anniversary and the remaining 50% on the second anniversary of the grant date, while PSUs vest upon completion of a definitive feasibility study or on the first anniversary of the grant [5][6]. Group 3: Nevada North Lithium Project - The Nevada North Lithium Project has an inferred resource of approximately 11.24 million tonnes of Lithium Carbonate Equivalent (LCE) with a grade of 3010 ppm Li, and a recent preliminary economic assessment (PEA) reported an after-tax NPV of US$9.17 billion and an IRR of 22.8% at a price of US$24,000 per tonne of LCE [9].

Core Viewpoint - Surge Battery Metals Inc. is increasing its non-brokered private placement due to strong investor demand, raising the total expected proceeds to $25 million for its Nevada North Lithium Project [1][4]. Group 1: Offering Details - The LIFE Offering will now consist of 22,222,000 Offered Units at a price of $0.90 per unit, generating gross proceeds of $19,999,800, up from the initial $15,000,000 [1]. - A Concurrent Offering will issue up to 5,555,780 Offered Units at the same price, aiming for gross proceeds of up to $5,000,202 [1][2]. - In total, the Company aims to raise up to $25,000,002 through the issuance of up to 27,777,780 Offered Units [1]. Group 2: Use of Proceeds - Proceeds from the Offerings will be allocated to costs related to the preliminary feasibility study and definitive feasibility study for the Nevada North Lithium Project, as well as general working capital [2]. Group 3: Regulatory and Compliance - The LIFE Offering is made under the listed issuer financing exemption and will not be subject to a statutory hold period, while the Concurrent Offering will have a four-month hold period [3]. - The Offerings are subject to approval from the TSX Venture Exchange [5]. Group 4: Company Positioning - Surge Battery Metals is focused on securing domestic lithium supply through its Nevada North Lithium Project, which is crucial for electric vehicle production [8]. - The increase in financing reflects strong investor confidence in the project and aims to strengthen the Company's balance sheet for future development [4].

Core Viewpoint - Surge Battery Metals Inc. is initiating a non-brokered private placement called the LIFE Offering, aiming to raise $15,000,030 through the sale of 16,666,700 Offered Units, which will support the Nevada North Lithium Project and general working capital [1][3]. Group 1: Offering Details - The Offered Units are priced at $0.90 each and consist of one common share and one-half of a common share purchase warrant, with each full warrant allowing the purchase of one common share at $1.35 for three years post-issuance [1]. - The LIFE Offering is expected to close around February 3, 2026, and is subject to TSX Venture Exchange approval [1][4]. - The offering is made under the National Instrument 45-106, allowing participation from Canadian investors outside Quebec, and the securities will not be subject to a statutory hold period [2]. Group 2: Use of Proceeds - Proceeds from the LIFE Offering will be allocated to costs related to the preliminary feasibility study for the Nevada North Lithium Project, a definitive feasibility study, and general working capital [1][3]. Group 3: Company Positioning - Surge Battery Metals is focused on securing domestic lithium supply through its Nevada North Lithium Project, which is essential for electric vehicle production [6]. - The financing is viewed as a strong endorsement of the company's strategy and its project development efforts [3].

Core Insights - Surge Battery Metals Inc. has announced that its joint venture, Nevada North Lithium LLC, received an initial funding of CA$3,000,000 from Evolution Mining Limited, increasing Evolution's ownership in the venture to 25.85% [1] - Surge Battery Metals USA Inc. retains a majority ownership interest of 74.15% in the joint venture [1] Company Overview - Surge Battery Metals is a Canadian mineral exploration company focused on securing domestic lithium supply through the Nevada North Lithium Project, which aims to explore high-grade lithium essential for electric vehicle production [2] - The company is listed on the TSX Venture Exchange in Canada and the OTCQX Market in the US, positioning itself as a key player in lithium exploration [2]

Core Viewpoint - Surge Battery Metals Inc. has established a joint venture with Evolution Mining Limited to advance the Nevada North Lithium Project, marking a significant step in lithium asset development in the U.S. [10] Group 1: Joint Venture Agreement - Surge Battery Metals USA Inc. and Evolution Mining Limited have entered into a joint venture agreement to develop the Nevada North Lithium Project [1] - The joint venture will be implemented through Nevada North Lithium, LLC, focusing on completing a Preliminary Feasibility Study (PFS) [2] Group 2: Contributions and Ownership - Surge US has contributed all its mining claims and mineral rights for the NNLP, while Evolution has contributed its 75% mineral interest in an 880-acre private land portion and additional mineral rights in over 21,000 acres [3] - Surge US will initially hold a 77% ownership interest in the joint venture, with Evolution holding 23% [5] - Evolution is obligated to fund up to CAD$10,000,000 for the PFS, with an initial CAD$3,000,000 expected by December 5, 2025 [5] Group 3: Governance and Management - The joint venture will be governed by an Operating Committee, consisting of five appointees, with Surge US appointing three and Evolution appointing two [6] - Surge US will act as the general manager of the NNLP as long as it holds more than a 50% ownership interest [7] Group 4: Strategic Importance - The partnership aims to accelerate the development of one of the most promising lithium assets in the U.S., addressing the growing demand for critical battery metals [10] - Surge Battery Metals is positioned as a key player in securing domestic lithium supply through its engagement in the Nevada North Lithium Project [15]

Core Viewpoint - Arbor Metals Corp. has successfully closed a non-brokered private placement, raising $1,000,000 through the issuance of 5,000,000 units at a price of $0.20 per unit, aimed at funding exploration and development projects in Quebec [1][2]. Group 1: Financial Details - The Offering consists of 5,000,000 units priced at $0.20 each, resulting in gross proceeds of $1,000,000 [1]. - Each unit includes one common share classified as a "flow-through share" and one-half of a share purchase warrant, with each whole warrant exercisable at $0.25 until November 19, 2028 [1]. - The Company issued 500,000 shares and 250,000 Finders' Warrants to an arms-length party for introducing the investor, with Finders' Warrants also exercisable at $0.25 until November 19, 2028 [3]. Group 2: Project Focus - Proceeds from the Offering will be directed towards the Jarnet Lithium Project and the Ernest REE Project, both located in Quebec [2]. - The Jarnet and Corvette Lake lithium projects are contiguous to the Corvette-FCI property, which has confirmed significant lithium mineralization through diamond drilling [5]. - The Kemlee Lake Lithium project is strategically located near Rock Tech Lithium Inc.'s claims and shares geological similarities with the Georgia Lake deposit, targeting spodumene-bearing pegmatites [6]. Group 3: Company Overview - Arbor Metals Corp. is a mining exploration company focused on developing high-value mineral projects globally, emphasizing advanced mineral exploration and quality project management [4].

Core Insights - Brunswick Exploration Inc. has announced positive inaugural drilling results from its Anatacau Main Project in Quebec, revealing multiple large spodumene-bearing pegmatites with rich lithium mineralization [1][3][4] Drilling Results - The drilling campaign included six diamond drill holes totaling 750 meters, with all holes intercepting mineralized pegmatites [15] - Significant intercepts include drill hole AN-25-05, which showed 1.31% Li2O over 120.7 meters, with a true thickness estimated between 65% and 85% [5][9] - High cesium values were also noted, with up to 1.46% Cs2O over 1 meter in some intervals [5][9] Project Potential - The Anatacau Main Project is located along a major deformation corridor similar to the neighboring Galaxy deposit owned by Rio Tinto, which has a resource of 54.3 million tonnes at 1.30% Li2O [3][4] - The company controls over 18 kilometers of this prospective corridor, indicating significant exploration potential [3][4] - The mineralized pegmatite dykes exhibit excellent continuity in mineralogy and grade, with several high-grade zones identified [9] Geological Context - The largest pegmatite outcrop at the Anais showing has been extended to over 170 meters in strike length and remains open in all directions [8] - The host rocks consist of greywacke and amphibolite, with pervasive lithium alteration observed, suggesting significant lithium-bearing fluids along the deformation corridor [10] Future Plans - A maiden resource estimate for the Mirage project is forthcoming, alongside an inaugural drill campaign in Greenland and other growth opportunities [4] - A geometallurgical study is underway, with results expected in early 2026 [11]