MONTREAL, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce that it has restarted drilling at the Anatacau Main Project, located in the Eeyou-Istchee James Bay region of Quebec. The drill program will aim to expand the Anais lithium discovery following a previous intercept of 120 meters at 1.31% Li₂O. Strategically located 22 kilometers east and along strike of Rio Tinto’s Galaxy Project and Brunswick’s Anata ...

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].

Core Viewpoint - Brunswick Exploration Inc. has confirmed a historical spodumene pegmatite and discovered a second one at its Paamiut project in Greenland, positioning itself as the only company actively exploring for lithium in the region [1][2]. Group 1: Project Developments - The Paamiut project has confirmed a historical spodumene-bearing pegmatite and discovered a second dyke, located approximately 26 kilometers from the coastal community of Paamiut, which is about 260 kilometers south of Nuuk [3]. - The spodumene pegmatites at Paamiut are approximately 3-6 meters wide and 40-60 meters long, with lithium mineralization primarily consisting of spodumene, varying from 5-30% [4]. - The company believes there is potential for additional spodumene pegmatites within the greenstone belt surrounding the Paamiut project [4]. Group 2: Exploration Strategy - Brunswick Exploration has completed first-pass prospecting on all western Greenland licenses while advancing both the Nuuk and Paamiut projects, although additional time was not available for prospecting at the Hinksland License in Eastern Greenland [5]. - The company is planning a maiden drill program at the Nuuk project and is evaluating next steps at Paamiut [2]. Group 3: Corporate Updates - Mr. Mathieu Savard has resigned as a director to focus on his role as CEO of Vior Inc., and the company expressed gratitude for his contributions [6]. - Brunswick Exploration is rapidly advancing one of the extensive grassroots lithium property portfolios in Canada and Greenland, including the Mirage Project [11].

Company Overview - Brunswick Exploration Inc. is a Montreal-based mineral exploration company focused on grassroots exploration for lithium in Canada, which is essential for global decarbonization and energy transition [5]. Recent Developments - Brunswick Exploration has consolidated its ownership of eight mining claims at the Mirage project, now owning 100% of these claims following a purchase agreement with General Partnership Osisko Baie James dated August 15, 2025 [1]. - To facilitate this acquisition, Brunswick has renounced its option to acquire a 90% undivided interest in the Plex property, as per the third amendment to the option agreement with Osisko Baie James on the same date [2]. - As part of the termination of the Plex Property Option, Osisko Baie James will pay Brunswick Exploration $1,000,000 within 30 days of the publication of a technical report that presents a minimum of 1 million ounces of gold in measured, indicated, and/or inferred resources [3]. Shareholder Compensation - The company has granted 821,425 deferred share units (DSUs) to its non-executive directors in lieu of board fees, with a fair market value of $0.14 per DSU, vesting one year from the grant date [4].