Brunswick Exploration Launches Canada-Wide Prospecting Programs and Stakes Additional Ground

Brunswick Exploration Launches Canada-Wide Prospecting Programs and Stakes Additional Ground

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to announce that it has started prospecting campaigns in Ontario and Saskatchewan with helicopter-supported prospecting in Manitoba and Quebec to begin in early June. Additionally, BRW has staked additional claims in Ontario, Manitoba and Saskatchewan targeting newly identified, untested S-type pegmatites.

Mr. Killian Charles, President and CEO of BRW, commented: "We are very excited to start one of the largest grassroot lithium exploration initiatives in North America. Over the last 18 months, we have diligently built our hard-rock portfolio focused on both poorly explored lithium-bearing pegmatites and untested, prospective pegmatite targets in favorable jurisdictions. We have now secured over 650 S-type pegmatites across all of Canada that have never been tested for lithium, in addition to nearly a dozen spodumene-bearing pegmatites.

"Concurrent with our pan-Canadian prospecting initiative, we are preparing our next drill campaign at Hanson Lake, Saskatchewan, which is anticipated to start in Q3. Furthermore, we continue to advance drilling at Hearst with preliminary results expected in early June. We are very optimistic that Canada hosts multiple world-class lithium deposits that are yet to be discovered and are confident that BRW can bring some of these deposits to fruition."

Quebec: Eeyou Istchee-James Bay

Starting in June, BRW will begin a major helicopter-supported prospecting campaign from two central camps: the Wabamisk camp, near the Anatacau and Anatacau West projects, and the PLEX camp, located near the PLEX and Mythril projects. A smaller fly camp, will also be set-up near the Mirage project, located further east from the PLEX project. The Company's portfolio in the entire Eeyou Istchee-James Bay region includes over 250 untested S-type pegmatites measuring a minimum strike length of 500 metres.

  • Anatacau: BRW will follow up on the newly intercepted spodumene bearing pegmatites from the recent drill program at Anatacau West. The pegmatites are hosted in an east-west deformation corridor and the entire trend is highly prospective. Further east, on the Main Anatacau claim block, the Company has already identified several spodumene showings which will be targeted for extensive prospecting.
  • PLEX and Mythril: BRW will prioritize prospecting pegmatite targets identified on the PLEX and Mythril projects. On Mythril, several untested pegmatite outcrops lie near the shared claim border with Patriot Battery Metals and are located less than two kilometres north of the CV8 spodumene showing. Prospecting will also be launched on the larger PLEX project, with over 120 untested pegmatite outcrops have been identified through compilation. All targets are hosted within the La Grande Shear Zone, which is also host to all known spodumene-bearing pegmatites on Patriot Battery Metals' land package.
  • Mirage: Prospecting will initially focus on confirming the occurrence of several large, angular spodumene-bearing boulders reported from the property. The shape and size of the boulders indicate a proximal source and multiple prospective pegmatite outcrops have been identified from satellite imagery up-ice from the boulders. BRW will also concentrate its efforts on multiple historical lithogeochemical anomalies that were identified in altered basalts (over 100 ppm lithium; Quebec government SIGEOM database). These anomalies suggest local alteration from an influx of lithium-bearing fluids

Following the prospecting campaigns, results may warrant drilling and stripping programs in H2/2023.

Saskatchewan

Crews are currently prospecting at the Hanson Lake pegmatite field to prepare for a drill program in Q3. The Hanson Lake pegmatite field, located next to existing paved road infrastructure, is an eight kilometer by three kilometer corridor that is part of the larger Jan Lake granite-pegmatite suite where the company has secured over 55 large-scale pegmatites. Following prospecting at Hanson Lake, crews will continue truck and boat-supported prospecting on other BRW claim holdings. Helicopter-supported prospecting will initially begin in the Reindeer Lake area in early Q3.

The Company has also staked an additional 48,000 hectares within the Trans-Hudson and Lake Athabasca Projects. These claims were staked based on excellent outcrop exposure, preferred geological environments, geochemistry and historically mapped and interpreted pegmatites. This additional ground includes over 45 pegmatites between 500 and 11,500 meters that have not been assessed for lithium. In Saskatchewan alone, the company has now secured over 225 S-type pegmatites that have a minimum strike length of 500 meters.

Ontario

The company has staked over 10,900 hectares with favorable outcrop exposure and forestry road access roughly 70 kilometers north of Kenora, known as the Campfire project. This package was compiled based on preferred geological environments and historical lake sediment data. The Campfire Project is within the English River Belt which hosts the Tanco mine (Canada's only producing lithium mine) and is roughly 25 kilometers east of the Separation Rapids lithium deposit.

Prospecting in Ontario will begin in Hearst in May before moving to the Campfire Project following the completion of prospecting in Manitoba and Saskatchewan. As new forestry roads and logged areas are planned for 2023, BRW expects to benefit from greater access and outcrop exposure throughout the Hearst Project as the project remains poorly explored.

Manitoba

BRW will begin prospecting at the Lynn Lake project in early June. The entire Lynn Lake region has never been explored for lithium. With excellent outcrop exposure, helicopter-supported prospecting is expected to be very efficient.

The company has also staked an additional 38,000 hectares throughout the Trans-Hudson belt of Manitoba based on geological environments, historical geochemistry as well as mapped and interpreted pegmatites. Of these newly acquired pegmatites, twelve are between 500 and 6,000 metres of exposed strike length.

Corporate Update

The Company has entered into a debt settlement agreement with Robert Wares, director and officer of the Company (the "Debt Settlement"), to settle a $333,333 outstanding payment due in November 2023 on a convertible debenture issued in 2018 and which matured in September 2021, by issuing 444,444 common shares of BRW at a deemed issue price of $0.75 per Common Share. This Debt Settlement will be executed in shares in order to preserve capital available to the Company.

The issuance of the common shares pursuant to the Debt Settlement is subject to approval from the TSX Venture Exchange (the "TSX-V"). The common shares issued pursuant to the Debt Settlement are subject to a statutory hold period of four months and one day from the date of issuance of the Common Shares in accordance with applicable securities laws.

After the Debt Settlement, Robert Wares will own 44,732,016 common shares and 1,550,000 options of the Corporation, representing 23.9% of the outstanding common shares of the Company on an undiluted basis and 24.6% of the outstanding common shares on a partially diluted basis, assuming full exercise of the options.

The Debt Settlement will constitute a "related party transaction" within the meaning of the TSX-V Policy 5.9 (the "Policy") and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The Corporation intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value (as determined under MI 61-101) of the Debt Settlement does not exceed 25% of the Corporation's market capitalization (as determined under MI 61-101).

Qualified Person

The scientific and technical information contained in this press release in regards to Quebec has been reviewed and approved by Mr. Francois Goulet, Manager Quebec. He is a Professional Geologist registered in Quebec.

The scientific and technical information contained in this press release in regard to Ontario, Saskatchewan and Manitoba has been reviewed and approved by Mr. Charles Kodors, Manager Atlantic Canada. He is a Professional Geologist registered in Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia and Newfoundland.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada with holdings in Quebec, Ontario, Saskatchewan, Manitoba, New Brunswick and Nova Scotia.

Investor Relations/information

Mr. Killian Charles, President and CEO ( info@brwexplo.ca )

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


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Exploring Diverse, Highly Prospective Lithium Projects in Canada

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Mr. Killian Charles, President and CEO of BRW, commented: "I am particularly pleased to continue expanding our portfolio in a country which has significant untapped exploration potential. Our Greenland lithium portfolio benefits from cost-effective exploration programs with little to no overburden, allowing for rapid testing similar to our first Greenlandic lithium discovery in late 2024.

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Mr. Killian Charles, President and CEO of BRW, commented: "Following strong metallurgical results and the start of drilling at the Mirage Project in Quebec, we are delighted to announce assay results from the Ivisaartoq discovery near Nuuk, the capital of Greenland. The assays confirm the presence of spodumene throughout the discovery dyke and demonstrates that it is part of an evolved trend which will require significant additional work to fully realize its potential. This highly prospective trend remains underexplored with dozens of pegmatites yet to be visited.

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Brunswick Exploration Announces 2025 Exploration Plans for Greenland and Stakes Additional Ground Near Paamiut

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Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is pleased to announce its plans for the 2025 summer exploration program in Greenland as well as a mineral license expansion of the Paamiut project.

Mr. Killian Charles, President and CEO of BRW, commented: "Following strong metallurgical results and the start of drilling at the Mirage Project in Quebec, we are delighted to announce assay results from the Ivisaartoq discovery near Nuuk, the capital of Greenland. The assays confirm the presence of spodumene throughout the discovery dyke and demonstrates that it is part of an evolved trend which will require significant additional work to fully realize its potential. This highly prospective trend remains underexplored with dozens of pegmatites yet to be visited.

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Brunswick Exploration Announces 2025 Exploration Plans for Greenland and Stakes Additional Ground Near Paamiut

Brunswick Exploration Announces 2025 Exploration Plans for Greenland and Stakes Additional Ground Near Paamiut

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is pleased to announce its plans for the 2025 summer exploration program in Greenland as well as a mineral license expansion of the Paamiut project.

Mr. Killian Charles, President and CEO of BRW, commented: "Following strong metallurgical results and the start of drilling at the Mirage Project in Quebec, we are delighted to announce assay results from the Ivisaartoq discovery near Nuuk, the capital of Greenland. The assays confirm the presence of spodumene throughout the discovery dyke and demonstrates that it is part of an evolved trend which will require significant additional work to fully realize its potential. This highly prospective trend remains underexplored with dozens of pegmatites yet to be visited.

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Brunswick Exploration Announces 2025 Exploration Plans for Greenland and Stakes Additional Ground Near Paamiut

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Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is pleased to announce its plans for the 2025 summer exploration program in Greenland as well as a mineral license expansion of the Paamiut project.

Mr. Killian Charles, President and CEO of BRW, commented: "Following strong metallurgical results and the start of drilling at the Mirage Project in Quebec, we are delighted to announce assay results from the Ivisaartoq discovery near Nuuk, the capital of Greenland. The assays confirm the presence of spodumene throughout the discovery dyke and demonstrates that it is part of an evolved trend which will require significant additional work to fully realize its potential. This highly prospective trend remains underexplored with dozens of pegmatites yet to be visited.

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Highlights:

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Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to advise that it is in the process of selling its land in Johor to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

Highlights

- Altech, subject to receipt of shareholder approval, will have the ability to drawdown up to EUR2.5M in cash funding

- Agreement reached with major shareholder Deutsche Balaton AG to provide funding

- Funding to be provided as Bearer Bonds with interest payable at 7.0% per annum

- Bearer Bonds secured by Altech's Malaysian land

- Repayment of the Bearer Bonds anticipated to be from sale of Altech's Malaysian land

- Shareholder meeting to approve facility anticipated for late April 2025

The Company has also entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech can drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

This funding will allow Altech to progress with its projects without the dilutionary impact to shareholders of a capital raise via a share issue. The repayment of the Bearer Bonds is secured by Altech's Malaysian land and requires Altech shareholder approval, and a General Meeting is anticipated to be convened in late April 2025.

Key terms of the Subscription Agreement are as follows:

- Total Bearer Bond facility of up to EUR2.5M to be drawdown in EUR500K amounts with interest payable at 7.0% per annum.

- Altech shareholders approving the grant of security to Deutsche Balaton AG over its Malaysian land in accordance with any requirement of the ASX, or the ASX granting a waiver from any requirement of the listing rules to obtain shareholder approval.

- a Security and Security Trust Agreement has been entered into under which Altech's 100% owned subsidiary Altech Chemicals Sdn Bhd has pledged security over its Malaysian land as well as a guarantee of repayment of the Bearer Bonds.

- Repayment of Bearer Bonds by maturity date of 31 October 2026.

- Default clauses applicable standard for Subscription Deeds of this nature.

Altech has placed its Malaysian land in Johor on the market for sale. Proceeds from the sale of the land are expected to provide sufficient funds to enable the Bearer Bonds to be repaid in full.



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (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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Michael Garagan, CGO & Director of SAGA comments: "Important information garnered from the combined field & drill programs suggests the oxide layer zone at Hawkeye may be contiguous to Trapper and possibly as far as SAGA's claim extension. These additional claims were strategic in an effort to ensure we've secured the full extent of mineralization. The team will look to apply magnetic geophysical continuity over the entire ‘inferred layering zone of the Dykes River' intrusion. The recently completed drill program over the prospective Hawkeye zone is our proof of concept to a much larger system."

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