Brunswick Exploration Options Lithium-Bearing Pegmatite in Ontario

Brunswick Exploration Options Lithium-Bearing Pegmatite in Ontario

 

Brunswick Exploration Inc. (" BRW " or the " Company ") is pleased to announce that it has staked multiple claim groups near Hearst Ontario, totaling 60 claims and 26,318 hectares in an area that is highly prospective for lithium pegmatites. The company has also optioned a spodumene-bearing pegmatite adjacent to the new project (Decoy and Moskito pegmatites) that contains up to 5.15% Li 2 O in historical chip samples. The entire Hearst portfolio includes 226 claims and covers 29,805 hectares.

 

Mr. Killian Charles, President of BRW, commented: "We are pleased to announce our first acquisition in Ontario that adds to our significant portfolio of properties in Quebec and the Atlantic provinces. Ontario is also very prospective for lithium exploration and we believe the Hearst area is a fantastic location with great access to infrastructure. We have now consolidated several high-priority targets centered around known mineralized LCT pegmatites. These pegmatites are poorly exposed but open in all directions, and there is high potential for additional discoveries in our newly consolidated package. Permits for trenching and drilling programs are in the works for a winter program. We look forward to developing this project and are very excited to explore our new land package while continuing to assess new opportunities to expand our holdings across eastern Canada."

 

  Hearst Portfolio  

 

The Hearst Project comprises 1,418 cells and 226 claim blocks with a total surface area of 29,805 hectares, located roughly 15 kilometers south of Hearst, Ontario with easy access by forestry roads. The property package contains over 130 mapped/interpreted pegmatite dykes of which 25 are between 500-2100 metres in strike length. Claims were staked based on preferred geologic environments and historical mapping and most of this area has seen little to no exploration. The project is located within the Quetico Subprovince and contains a variety of evolved S-type granitoids and pegmatites hosted by metamorphosed sediments (paragneisses) and metavolcanics.

 

  Lowther Pegmatite Option Agreement  

 

The Hearst package includes an option on the Lowther Pegmatite Property which contains 12 cells representing 251 hectares. The property is adjacent to BRW's newly staked ground and was acquired to assess two known LCT pegmatites, the Decoy and Moskito pegmatites. The Decoy pegmatite contains both a spodumene and a lepidolite (lithium-rich mica) zone, and is exposed over 100 metres in strike length with a current true width of 23 meters. It remains open to the east with historical chip samples grading up to 5.15% Li 2 O. The Moskito pegmatite is located 130 metres south of Decoy, is 5 metres wide and is exposed over a strike length of 33 metres, being open in both directions along strike. Neither pegmatite has ever been drilled for lithium evaluation.

 

The option allows BRW to acquire a 100% interest in the Property, from a private prospector, for a total consideration of $700,000 in cash over a 4-year period upon closing of the formal agreement, under the following terms:

 
  • A cash payment of $35,000 within five (5) business of the Effective Date of the Agreement;
  •  
  • A cash payment of $50,000, on or before the 1 st year anniversary of the effective date
  •  
  • A cash payment of $150,000, on or before the 2 nd year anniversary of the effective date
  •  
  • A cash payment of $200,000, on or before the 3 rd year anniversary of the effective date
  •  
  • A cash payment of $300,000, on or before the 4 th year anniversary of the effective date
  •  

In order to exercise the Option, Brunswick Exploration shall fund an aggregate amount of $1,000,000 in Work Expenditures in accordance with the following schedule:

 
  • An aggregate of $50,000, on or before the 1 st year anniversary of the Effective Date
  •  
  • An aggregate of $200,000, on or before the 2 nd year anniversary of the Effective Date
  •  
  • An aggregate of $400,000, on or before the 3 rd year anniversary of the Effective Date
  •  
  • An aggregate of $1,000,000, on or before the 4 th year anniversary of the Effective Date
  •  

 Brunswick Exploration will grant a 2% NSR of which half of the NSR may be repurchased by BRW for $1,000,000. Following repurchase, the Project would have a residual encumbrance of 1% NSR, and BRW will retain a right of first refusal on the disposal or sale of any portion of the residual NSR.

 

  Lowther Regional Option Agreement  

 

 Brunswick Exploration has concurrently optioned the Lowther II Regional Property from Last Resort Resources Limited, containing 154 claims totaling 3,235 hectares. The property is adjacent to the Lowther Pegmatite Property and the newly staked BRW ground. Due to its proximity to the Decoy and Moskito pegmatites and its favorable geology, it is considered highly prospective for additional discoveries.

 

The option allows BRW to acquire a 100% interest in the Lowther II Regional Property for a total consideration of $300,000 in cash over a 2-year period upon closing of the formal agreement under the following terms:

 
  • A cash payment of $100,000 within ten business days of the Agreement;
  •  
  • A cash payment $100,000, on or before the 1 st year anniversary of the effective date
  •  
  • A cash payment of $100,000, on or before the 2 nd year anniversary of the effective date
  •  

 Brunswick Exploration will grant Last Resort a 2% NSR on all mineral production from the Property, of which half of the NSR may be repurchased by BRW for $1,000,000. The repurchase will remain valid for a period of five years following the exercise of the Option. Brunswick Exploration will retain a further right to repurchase the remaining 1% NSR for $2,000,000 for a period of two years following the initial repurchase.

 

  Qualified Person  

 

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Charles Kodors, Manager Atlantic Canada of Brunswick Exploration. He is a Profession Geologist registered in Ontario, Quebec, New Brunswick, Nova Scotia, and Newfoundland.

 

  About Brunswick Exploration  

 

The Company is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for metals necessary to decarbonization and energy transition with a particular focus on lithium. The company is focused on rapidly advancing the most extensive grassroot lithium exploration claim package in 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 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.  

 

 

 
Investor Relations/information Mr. Killian Charles, President (info@BRWexplo.com)
 

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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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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 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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  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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  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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Interview Highlights

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- All work completed on Becancour Lithium Project - waiting for lithium market recovery

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- "Microwave Joule Heating Technology" (MJHT) from Macquarie University

- Utilizes microwave technology to selectively heat and delaminate PV cells

- Today only 15% of waste solar cells are recycled, rest end up in land fill

- Difficult to recycle, high temperature furnace, toxic chemicals, low recovery

- To investigate further recovery of silver, silicon, gallium and indium

To Watch the Interview, please visit:
https://www.abnnewswire.net/lnk/S0S4T95N

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

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Lithium Universe Ltd  PV SOLAR CELL Recycling Acquisition Legal Due Diligence Complete

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ACQUISITION DETAILS

As detailed in the Announcement, the Company has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. The rights will be secured via an exclusive licensing agreement with Macquarie University (MQU), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (NAM). The transaction will be effected by the Company acquiring 100% of the issued share capital of NAM (Acquisition).

As disclosed in the Announcement, completion of the Acquisition was conditional on the Company completing legal due diligence. This has now been completed to the satisfaction of the Company.

Completion was also conditional on the Company, NAM and MQU entering into a variation to the licensing agreement to reflect the change in ownership of NAM. The parties have since agreed in writing to waive this condition to allow completion of the Acquisition to proceed, with the variation to be entered into with MQU as soon as practicable following completion.

The Company will now proceed to the acquisition of NAM.

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

 

 

Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

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