Brunswick Exploration Announces $750,000 Non-Brokered Private Placement

Brunswick Exploration Announces $750,000 Non-Brokered Private Placement

 

Brunswick Exploration Inc. ("Brunswick" or the "Corporation") ( TSX-V : BRW ) is pleased to announce non-brokered private placement of $700,000, consisting of 4,000,000 units of the Corporation (each, a " Unit ") at a price of $0.175 per Unit (the " Offering ").

 

Each Unit will consist of one common share of the Corporation (each, a " Common Share ") and one-half of one common share purchase warrant of the Corporation (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.23 for a 36-month period following the closing date of the Offering.

 

The net proceeds from the Offering will be used for the exploration of the Corporation's properties, as well as general corporate purposes.

 

The Offering is expected to close on or about July 11, 2022 or such other date as the Corporation may determine. The Offering is conditional upon receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from the closing date of the Offering, in accordance with applicable securities laws.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act ") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

 

  About Brunswick  

 

The Corporation is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Corporation is focused on grassroot exploration for metals necessary to decarbonization and energy transition with a particular focus on lithium, tin, nickel and copper. The Corporation is focused on rapidly advancing the most extensive grassroot lithium exploration claim package in Eastern Canada.

 

  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of thi   s release  

 

  Cautionary Statement on Forward-Looking Information  

 

  This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.  

 
Investor Relations/information: Mr. Killian Charles, President Telephone: (514) 861-4441 info@brwexplo.ca
 

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Exploring Diverse, Highly Prospective Lithium Projects in Canada

Brunswick Exploration Has Now Identified Four Major New Dykes in 2025 at Mirage

Brunswick Exploration Has Now Identified Four Major New Dykes in 2025 at Mirage

 

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the final set of results obtained as part of the 2025 Winter drill campaign conducted on its Mirage Project. The Mirage Project is located in the Eeyou Istchee–James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Road. This press release primarily focuses on the drilling work carried out in the eastern extension of the MR-6 dyke and the "Stacked Dyke" zone.

 

  Highlights include:  

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Extensive Greenland Lithium Exploration Campaign Launched by Brunswick Exploration

Extensive Greenland Lithium Exploration Campaign Launched by Brunswick Exploration

 

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is pleased to announce it has launched an aggressive regional-scale prospecting and mapping initiative on its sizeable Greenland portfolio that contains hundreds of untested targets using 4 crews and 2 helicopters for six weeks.

 

Initially, one team will focus on detailed mapping and sampling around the Ivisaartoq spodumene discovery and surrounding areas while the other will focus on the expanded Nuuk and Paamiut licenses as well as the historical spodumene showing at Paamiut. Starting in July, one team will focus on follow-up prospecting at the Nuuk and Paamiut projects based on results from June while the other team will focus on the Disko Bay and Uummannaq projects. Results from the first six weeks will be used to plan advanced exploration programs in August and September 2025, including first pass prospecting across its recently acquired Hinksland project in East Greenland (See new Release of March 13 th , 2025).

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Brunswick Exploration Announces AGM Results

Brunswick Exploration Announces AGM Results

 

Brunswick Exploration Inc. (" BRW " or the " Corporation ") is pleased to announce the results of its annual general meeting ("AGM") of shareholders held on June 12, 2025. Shareholders holding a total of 80,309,202 common shares of the Corporation attended the AGM in person or were represented by proxy, representing approximately 37 % of the 218,274,932 common shares issued and outstanding.

 

Pierre Colas, Jeffrey Hussey, André Le Bel, Amy Satov, Mathieu Savard and Robert Wares were re-elected to the board of directors.

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Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage

Brunswick Exploration Once More Outlines a New, Major Dyke at Mirage

 

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, "Stacked Dyke" area, where BRW continues to intersect dozens of well-mineralized spodumene-bearing pegmatites.

 

  Highlights include:  

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Brunswick Exploration Completes Brokered Private Placement for Gross Proceeds of C$3.5 Million

Brunswick Exploration Completes Brokered Private Placement for Gross Proceeds of C$3.5 Million

 

  NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES   OR FOR DISSEMINATION IN THE UNITED STATES  

 

Brunswick Exploration Inc. (" Brunswick " or the " Corporation ") (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce the closing of its previously announced private placement (the " Offering ") for aggregate gross proceeds of C$3,500,000, which includes the full exercise of the agents' option for proceeds of C$1,000,000. Under the Offering, the Corporation sold (i) 12,980,769 units of the Corporation (the " LIFE Units ") at a price of C$0.13 per LIFE Unit for gross proceeds of C$1,687,500 from the sale of LIFE Units, and (ii) 12,083,333 units of the Corporation (the " Non-LIFE Units ", and collectively with the LIFE Units, the " Offered Securities ") at a price of C$0.15 per Non-LIFE Unit for gross proceeds of C$1,812,500 from the sale of Non-LIFE Units. An aggregate of 25,064,102 Offered Securities were sold under the Offering.

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Altech Batteries Ltd  Cerenergy Battery Project Funding Progressing Well

Altech Batteries Ltd Cerenergy Battery Project Funding Progressing Well

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce an update on funding of the CERENERGY(R) sodium-chloride solid-state battery project in Saxony, Germany.

DEBT PROCESS

As previously mentioned, Altech has engaged ten commercial banks and two venture debt funds in the first round of financing discussions, receiving largely positive initial feedback. Based on this feedback, the Company has selected a preferred financial institution- a European bank with a proven track record in providing debt funding for technology-driven projects, particularly those within the innovation sector.

Although the mandate has not yet been formally executed, Altech intends to make an official announcement once this step is complete.

Meanwhile, the bank's commercial and technical teams have been diligently conducting a comprehensive review of the Cerenergy projects and its technology. The technical due diligence process is critical for ensuring that the project meets the bank's financing and risk criteria. As part of this process the onsite Altech experts are in detailed discussions with the bank's representative. The banks have visited Dresden and the Fraunhofer testing facilities and visit Hermsdorf, Germany where the prototype production is located in the coming weeks, which will be a key step in concluding the technical evaluation.

In parallel with these efforts, Altech is progressing discussions for securing a federal government guarantee, which would further strengthen its ability to secure the necessary debt funding for the project. Officials from the Ministry of Finance have already been briefed on the initiative, and the due diligence process for the application is actively underway. This federal guarantee will serve as an underwriter and therewith derisk any debt funding for the project substantially.

EQUITY FUNDING

In parallel with ongoing debt financing efforts, the Group has engaged several equity advisers to assist in securing the equity component of the project's funding package. As part of this strategy, Altech plans to divest a minority interest in the project to one or two strategic investors. This partial divestment is intended to attract investors who can contribute not only capital, but also strategic value, aligning with the CERENERGY(R) project's long-term goals of growth and sustainability.

The Group on one hand is specifically targeting large utility companies, data centre operators, investment funds, and corporations that are deeply committed to the green energy transition and on the other hand industrial partners with access and know-how and resources relevant to Cerenergy battery production, implementation or market access. These potential partners are seen as ideal due to their strong alignment with the project's sustainable energy focus and their ability to provide significant financial support. Progress in equity discussions has been promising, with several Non-Disclosure Agreements (NDAs) signed, enabling deeper engagement with prospective investors. Additionally, draft term sheets have been circulated to interested parties, outlining the key terms and conditions for investment. These documents provide a foundation for negotiations and facilitate more detailed discussions around the equity stake and partnership structure.

The decision to divest part of the project is strategically aimed at easing the Company's financial burden while bringing in experienced partners who can contribute to the project's success. By securing both equity and debt financing, Altech aims to finalize the full funding package, ensuring the timely construction and commissioning of the CERENERGY(R) battery plant. Moving forward, the focus will be on advancing these discussions and converting interest into formal commitments, which are critical for the project's progression.

GRANT APPLICATIONS

Altech has been actively applying for various grants offered by the State of Saxony, Federal Government of Germany, and the European Union. The State of Saxony and Brandenburg, along with the European Union, offer substantial support for renewable energy projects, including grants aimed at converting lignite coal to renewable energy sources. These grants are part of broader efforts to transition regions dependent on fossil fuels toward sustainable energy solutions. Altech's site, located in these areas, stands to benefit from various funding programs designed to support clean energy projects, including EU grants for energy transformation and innovation. Altech has applied for several of these grants to advance its CERENERGY(R) project, securing essential financial backing for technology development, high-tech industries, expert employment and infrastructure upgrades.

OFFTAKE ARRANGEMENTS

Altech has secured three key Offtake Letters of Intent (LOIs) for 100% of its CERENERGY(R) production.

1. Zweckverband Industriepark Schwarze Pumpe (ZISP): An agreement was signed on 13 September 2024 for ZISP to purchase 30 MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The purchase is contingent on performance tests and battery specifications meeting customer requirements.

2. Referenzkraftwerk Lausitz GmbH (RefLau): A second LOI was executed with RefLau, a joint venture between Enertrag SE and Energiequelle GmbH. RefLau will buy 30 MWh of CERENERGY(R) storage n the first year, increasing to 32 MWh annually for the next four years. Additionally, Altech will purchase green electricity for its planned production plant.

3. Axsol GmbH: A third LOI was signed with Axsol, a leading renewable energy solutions provider. Axsol will exclusively distribute CERENERGY(R) batteries to the Western defense industry, facilitating early market entry and sales. These agreements are crucial for financing and advancing the CERENERGY(R) project.

 

About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

 

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