Brunswick Exploration (TSX-V:BRW) CEO Killian Charles says the company is ready to have an “aggressive start” to 2026, following closing a non-brokered private placement raising C$2.12 million ($2.31 million).
Earlier this month, the company intended to raise C$1.5 million via the issue of flow-through shares at a price of C$0.20 per share. As part of the placement, the flow-through share price was updated at C$0.175 per share.
Charles said following the release of the Mirage Project’s maiden resource estimate in the first half of January 2026, Brunswick will return to drill a recent discovery at Anatacau.
An expanded drilling program will be carried out before continuing prospecting in Saudi Arabia and drilling at Mirage. Both drill programs are expected to begin in Q2 2026.
In November 2025, Brunswick obtained a new exploration licence, pending final government approval, covering 8,467 hectares in the Kingdom of Saudi Arabia.
As previously reported, Charles says the company is ready to leverage its “unique lithium exploration expertise” from its recent grassroots campaign in Greenland into Saudi Arabia.
“Importantly, prospecting in Saudi Arabia is preferentially executed during the seasonally colder months in Canada and Greenland, allowing Brunswick to generate prospecting results 12 months of the year,” the CEO says.
Brunswick Exploration is a Montreal-based explorer focused on uncovering lithium in Canada for the global decarbonisation and energy transition.
Write to Aaliyah Rogan at Mining.com.au
Images: Brunswick Exploration
