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Brunswick Exploration Inc V.BRW

Alternate Symbol(s):  BRWXF

Brunswick Exploration Inc. is a mineral exploration company. The Company is focused on grassroots exploration for lithium. The Company is advancing its lithium property portfolio in Canada and Greenland. Its projects include Mirage Project, Elrond Project, Anatacau Main Project, Anatacau West Project, SMB (South Mountain Batholith) Project, Trans-Hudson Project and the Lake Athabaska Project, among others. The Mirage Project is located approximately 40 kilometers (km) south of the Trans-Taiga Highway. The Elrond Project is located about 12 km east of the Billy Diamond Highway in Quebec’s James Bay region. The Anatacau Property is located in the James Bay-Eeyou Istchee region of Quebec. The SMB (South Mountain Batholith) Project area is located in central mainland Nova Scotia. The Trans-Hudson Project is located around and in between the communities of Creighton, La Ronge, and Southend in central Saskatchewan. The Lake Athabaska Project is located about 75 km west of Uranium City.


TSXV:BRW - Post by User

Post by deepoil0808on Mar 19, 2023 3:28pm
296 Views
Post# 35347759

Lithium mineralization open to the East (on BRW) per ALLKEM

Lithium mineralization open to the East (on BRW) per ALLKEMThank-you to a poster on CEO.CA who posted a news release which included some comments made by Allkem.

They CONFIRM that lithium mineralization is OPEN to the East of their property which is BRW land.

Cannot get any easier than this.

Here are the comments:

Lithium Royalty Corp. James Bay Royalty Highlights

  • 1.5% net smelter revenue royalty, covering a portion of the mineral resources at James Bay Lithium Project.
  • One-third of the royalty is subject to a buy-back right for USD$365,000
  • Net of the buyback the acquired royalty is expected to produce approximately USD$3,000,000 of annual royalty cash flows to Lithium Royalty Corp at current market prices for Spodumene Concentrate when mining of the claims occurs.
  • LRC paid an all cash consideration of USD$1,800,000 to the third party vendor.
  • This acquisition is accretive to Net Asset Value per share using LRC’s conservative underwriting assumptions.
  • Allkem has recently completed 19,255m of resource extension drilling, which should directly benefit the Royalty Area.
  • Allkem’s prior disclosures highlight that mineralization is open to the north and to the east presenting attractive optionality given the Royalty Area covers the eastern areas of the project.\
https://www.lithiumroyaltycorp.com/2023/03/16/lithium-royalty-corp-acquires-royalty-interest-on-the-james-bay-lithium-project-in-quebec/
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