Brunswick Exploration (TSX-V:BRW) has increased the proceeds of a previously reported non-brokered private placement from C$4 million to C$5.5 million ($5.74 million).
The upsized offering consists of the sale of up to 22 million units at C$0.25 per unit. Each full warrant enables the purchase of an additional share at C$0.35 for 36 months after closing.
CEO Killian Charles says the additional funds will accelerate the consolidation of multiple targets across several jurisdictions that the company has identified as high-priority alongside the advancement of its Québec portfolio.
“We look forward to sharing the results of these initiatives as rapidly as possible over the coming weeks,” Charles says.
The offering is expected to close on or about 18 March 2026, subject to customary conditions including receiving necessary regulatory approvals.
Brunswick’s project portfolio in Canada includes the Mirage, Anatacau Main and Anatacau West projects.
Mirage comprises 278 claims with a total surface area of 13,839 hectares located roughly 40km south of the Trans-Taiga Highway in Québec’s James Bay region.
Anatacau Main is one of Brunswick’s highly prospective lithium pegmatite exploration assets. The project is strategically located 22km east of its Anatacau West Project and Rio Tinto’s (ASX:RIO) James Bay Lithium Project.
Write to Aaliyah Rogan at Mining.com.au
Images: Brunswick Exploration
