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:  

 
  • A newly discovered dyke located approximately 250 metres northeast of MR-6, which returned 29.25 metres at 1.19% Li    O in hole MR-25-115 and it remains open in all directions.
  •  
  • The "Stacked Dyke" area has been extended 150 m to the northeast, with hole MR-25-106 intercepting 1.01% Li    O over 17.4 metres . The area continues to show significant potential and widespread mineralization over the entire length of the drill holes.
  •  

Mr. Killian Charles, President and CEO of BRW, commented: "Every drill campaign has underscored the potential of the Mirage project. As we begin to step out from the core area of interest, we continue to intersect new, significant, well-mineralized pegmatites, all located near surface and this release is no different. We have again extended both the footprint of the Stacked Dyke area and found new sub-parallel mineralization adjacent to MR-6. We believe the forthcoming resource estimate, expected in late 2025, will position Mirage as one of the most important lithium projects in the province of Quebec.

 

Looking further ahead, we expect to have news related to our Greenlandic summer program shortly and look forward to the start of drilling at our Anatacau project in late Q3."

 

  Mirage Project Drilling Overview  

 

The Mirage Project comprises 427 claims located roughly 40 kilometers south of the Trans-Taiga Highway in Quebec's James Bay region and 34 kilometers northeast of Winsome Resources' Adina Project.

 

The drilling campaign focused on extending the mineralized Stacked Dyke area to the northeast. Highlights discussed in this release are shown in Table 1 and Figure 1. Collars are shown in Table 2.

 

  Figure 1 : Central Zone of the Mirage Project

 

 Figure 1: Central Zone of the Mirage Project

 

Drill hole MR-25-115 led to the discovery of a new spodumene-bearing pegmatite dyke, grading 1.19% Li₂O over 29.25 metres from 92.6 metres to 121.85 metres. This new dyke is interpreted as being subparallel to the MR-6 dyke, with an orientation of N140/30, and it highlights the potential for pegmatites to occur in close proximity to each other. The new dyke remains open in all directions.

 

  Figure 2: Section A-A'

 

 Figure 2: Section A-A'

 

Drill holes MR-25-105, MR-25-106, and MR-25-108 extended the "Stacked Dyke" zone by 150 metres to the northeast, with a total of 32 mineralized dykes intersected across all three holes. The most significant pegmatite in these new holes returned a grade of 1.01% Li₂O over 17.4 metres, from a downhole depth of 45.5 metres to 62.9 metres. Oriented drilling in this area confirms an average dyke orientation of N70/70 similar to those identified in the South Zone, unlike the two main dykes of the Central Zone, MR-3 and MR-6.

 

Drill hole MR-25-104, located approximately 1 km northeast of MR-6, targeted a highly prospective geological setting analogous to MR-4 and returned anomalous lithium values up to 502 ppm Li in sedimentary units and 902 ppm Li in basalts, over a drill hole length of 222 metres. A small dyke, measuring approximately 2-metres wide, with spodumene pseudomorphs was intercepted; however, the length and strength of the lithium anomaly observed in the host rocks are considerably higher than the dyke. This new drill hole potentially extends the lithium footprint of the Orion Lake sector, where most of the drilling has occurred to date, to a length of over 3km. At this time, the lithium anomaly remains unexplained and will be the focus of a future drill campaign.

 

  Table 1 : 2025 Drilling Program Mentioned in this Release

 
                                                                                                                                                                                            
  Hole ID    From (m)    To (m)    Length    Li2O (%)    Ta2O5 (ppm)  
MR-25-105
36.7 38.4 1.7 1.40 287
43.1 44.3 1.2 1.52 145
  77.5    90    12.5    1.44    254  
154.75 156.15 1.4 2.19 253
161.6 162.6 1 1.07 206
203.25 206 2.75 0.85 239
228.8 231.25 2.45 0.93 239
236.25 238.3 2.05 1.46 221
241.95 247.65 5.7 0.73 225
251.8 253.7 1.9 0.95 176
261.15 269.4 8.25 0.85 129
273.7 282.7 9 0.98 204
287.35 288.5 1.15 1.22 239
325.1 326.25 1.15 1.25 107
MR-25-106
  45.5    62.9    17.4    1.01    166  
123.05 124.8 1.75 0.48 154
128.2 134.15 5.95 1.32 312
141.8 147.6 5.8 1.30 227
157.7 162.3 4.6 1.28 233
236.85 241.2 4.35 2.01 197
256.3 257.55 1.25 0.76 157
283.45 284.65 1.2 1.14 232
MR-25-107 23.8 28.8 5 1.44 202
MR-25-108
26.8 31.9 5.1 0.97 169
82.75 84.9 2.15 1.04 208
96 98.4 2.4 1.15 162
104.4 106.85 2.45 0.73 178
118.7 120.6 1.9 0.98 192
128.75 131.75 3 0.91 201
135.8 138 2.2 1.64 214
163.1 170.2 7.1 1.22 199
253 255.2 2.2 1.64 352
MR-25-111 61.8 64.05 2.25 1.09 172
MR-25-115   92.6    121.85    29.25    1.19    179  
      
 

  Table 2 : 2025 Drilling Collars Mentioned in this Release

 
                                                      
  Hole ID    Azimut    Dip    Length (m)    UTM NAD83 z18
East
 
  UTM NAD83 z18
North
 
MR-25-104 320 -45 222 684000 5941869
MR-25-105 335 -52 381 683523 5941310
MR-25-106 330 -45 294 683635 5941356
MR-25-107 160 85 279 682753 5941463
MR-25-108 320 45 285 683575 5941439
MR-25-111 320 -55 348 683467 5941530
MR-25-115 360 -50 399 683229 5941536
      
 

  QAQC  

 

All drill core samples were collected under the supervision of BRW employees and contractors. The drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d'Or. Each core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals were sampled at approximately 1-meter intervals to ensure representativity. Samples were bagged; duplicated on reject, blanks and certified reference materials for lithium were inserted every 20 samples. Groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody. The sample bags were transported from the BRW contractor facility to the AGAT laboratory in Val-d'Or. All sample preparation and analytical work was performed by AGAT by sodium peroxide fusion with ICP-OES and ICP-MS finish. All results passed the QA/QC screening at the lab and all inserted standard and blanks returned results that were within acceptable limits. All reported drill intersections are calculated based on a lower cutoff grade of 0.3% Li2O, with maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded from the reported intersections.

 

  Qualified Person  

 

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101.

 

  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 and Greenland.

 

  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.  

 

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb41f1b3-9200-4c6a-9819-235efed0965a   
  https://www.globenewswire.com/NewsRoom/AttachmentNg/7d87780b-9239-4952-949e-93c273f4b8f5  

 
Investor Relations/information Mr. Killian Charles, President and CEO (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 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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Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

 

  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 that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the " Agents "), in connection with a "best efforts" private placement (the " Marketed Offering ") for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the " LIFE Units ") at a price of C$0.13 per LIFE Unit (the " Offering Price ") and (ii) 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. A strategic investor has made a lead order to subscribe for Non-LIFE Units 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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Lithium Universe Ltd  Completes PV Solar Cell Recycling Acquisition

Lithium Universe Ltd Completes PV Solar Cell Recycling Acquisition

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcements dated 18 June 2025 and 2 July 2025, it has successfully completed the acquisition of 100% of the issued capital New Age Minerals Pty Ltd (NAM) which is party to an exclusive licensing agreement with Macquarie University in respect to patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology (the Acquisition).

Highlights

- Completion of the acquisition of 100% of the issued capital of New Age Minerals Pty Ltd

- Acquisition gives Lithium Universe exclusive rights to patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology

Further details regarding the Microwave Joule Heating Technology are set out in the Company's announcement dated 18 June 2025.

Commenting on the Acquisition, Lithium Universe's Executive Chairman, Iggy Tan said:

"We are pleased to have completed this important milestone, which now allows us to begin working more closely with the Macquarie University team. This next phase will focus on developing a robust research program to enhance the Microwave Joule Heating Technology and unlock its full commercial potential. We believe this collaboration will play a pivotal role in advancing sustainable recycling solutions and position Lithium Universe as a leader in critical metal recovery from end-of-life solar panels."

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is a forward-thinking company on a mission to close the "Lithium Conversion Gap" in North America and revolutionize the photovoltaic (PV) solar panel recycling sector. The company is dedicated to securing the future of green energy by addressing two major strategic initiatives: the development of a green, battery-grade lithium carbonate refinery in Quebec, Canada, and pioneering the recycling of valuable metals, including silver, from discarded solar panels.

 

 

Source:
Lithium Universe Ltd

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VIDEO: Lithium Universe Ltd  Interview with Executive Chairman Iggy Tan

VIDEO: Lithium Universe Ltd Interview with Executive Chairman Iggy Tan

Melbourne, Australia (ABN Newswire) - In an interview with ABN Newswire, Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (OTCMKTS:LUVSF) Executive Chairman Iggy Tan outlines the current activities of the company including the vision of closing the "Lithium Conversion Gap".

Additionally, the company has recently licensed to acquire technology from Macquarie University for the extraction of silver from solar cells. The technique involves a specialised process to delaminate the components in the PV cell and avoid the crushing of the cell for recycling.

This method provides a cleaner disaggregation of the materials in the cell and enables the liberation of critical materials and a significant amount of silver. Silver is a component in the manufacture of PV cells, and with an estimated amount of 80 million tonnes of solar cell waste globally, typically dumped, the process facilitates easy recovery of these valuable materials.

To Watch the Interview with Mr. Iggy Tan, please visit:
https://www.abnnewswire.net/lnk/2HQJB3QO

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is a forward-thinking company on a mission to close the "Lithium Conversion Gap" in North America and revolutionize the photovoltaic (PV) solar panel recycling sector. The company is dedicated to securing the future of green energy by addressing two major strategic initiatives: the development of a green, battery-grade lithium carbonate refinery in Quebec, Canada, and pioneering the recycling of valuable metals, including silver, from discarded solar panels.

 

 

Source:
Lithium Universe Ltd

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