Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF) has announced an agreement to repurchase a 0.5% Net Smelter Return (NSR) on select claims within the Mirage Project, significantly enhancing the project’s economic potential. The Mirage Project, situated in Quebec’s Eeyou Istchee James Bay region, stands out as a promising lithium exploration initiative.

Mirage Project Royalty Repurchase Terms

Brunswick will finalize the NSR repurchase from Sirios Resources under specific terms, awaiting TSXV’s final nod. The agreement stipulates an initial cash payment of $50,000, followed by scheduled payments totaling $300,000 over nine months. The company commits to a minimum of 25% in cash, with the remaining payable in shares, respecting a $0.40 floor price. A milestone payment of $250,000, either in cash or shares, will occur upon the extraction onset, underlined by the same share price condition.

About Brunswick Exploration

Focused on lithium, essential for global decarbonization, Brunswick Exploration progresses Canada’s most extensive lithium property portfolio. With its TSX-V listing and a robust strategy, the company is at the forefront of exploring lithium’s potential.

Royalty Repurchase Impact

This strategic move aligns with Brunswick’s goal to consolidate its leadership in lithium exploration, setting a precedent within the industry.

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