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2 stories mentioning BBB.VUpdated 6d ago

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Mining & Metals

Brixton Metals Launches 10,000-Meter Drill Program at Thorn Project in British Columbia

Brixton Metals (BBB.V) has commenced a 10,000-meter drilling program at the Thorn project in British Columbia, the company said Thursday.The exploration campaign is focused on advancing the Camp Creek high-sulfidation gold system, the Catalyst and Tempest copper-gold porphyries, and the Sentinel copper porphyry target.The program includes an ongoing 16-line-kilometer magnetic survey."This fully funded program is designed to advance several priority targets through drilling, geophysics, and fieldwork, while also supporting progress toward future mineral resource estimates at Camp Creek and Trapper," CEO Gary Thompson said.

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Mining & Metals

Brixton Metals Closes C$4 Million Private Placement Offering

Brixton Metals (BBB.V) late on Friday said it has closed a non-brokered private placement offering of national flow-through shares and critical mineral flow-through shares for combined gross proceeds of C$4.0 million.The offering is composed of 1.1 million national flow through shares at $1.35 apiece and 1.8 million critical mineral flow-through shares at $1.44 apiece.The proceeds from the sale of FT shares will be used to incur "Canadian exploration expenses" and "flow-through mining expenditures" as defined in the Income Tax Act (Canada).The proceeds from the sale of CMFT shares will be used to incur "flow-through critical mineral mining expenditures" as defined in the Act.Exploration expenditures are mainly for exploration and drilling at the company's Thorn copper-gold project in British Columbia and the Langis silver-cobalt project in Ontario.The company also paid $30,000 and issued 20,833 non-transferable common share purchase warrants to an arm's length party who assisted in introducing a subscriber to the offering. Each compensation warrant is exercisable to acquire one common share in the capital of the company at an exercise price of $1.44 until April 10, 2028.

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