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New Lithium Targets in Eastern Greenland Identified by Brunswick Exploration

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Brunswick Exploration (BRWXF) has identified new lithium targets in Eastern Greenland and applied for a mineral license covering these areas. The new Hinksland License contains 5 blocks located approximately 240 kilometers from Ittoqqortoormiit and 200 kilometers from the Nerlerit airstrip.

The license area spans roughly 17,800 hectares and features over 50 mapped pegmatite outcrops, including nine stretching between 500 and 10,000 meters in strike length. The geology consists of Mesoproterozoic metasediments and the Archean Rae Craton, with key markers including 2-mica granite and ultramafic rocks.

The company plans to explore this region in 2025, highlighting the cost-effective exploration potential with minimal overburden. The location offers strategic advantages for future spodumene concentrate transportation to both North American and European markets via sea routes, avoiding costly truck or rail infrastructure.

Brunswick Exploration (BRWXF) ha identificato nuovi obiettivi di litio nella Groenlandia orientale e ha richiesto una licenza mineraria che copre queste aree. La nuova Licenza Hinksland comprende 5 blocchi situati a circa 240 chilometri da Ittoqqortoormiit e 200 chilometri dalla pista d'atterraggio di Nerlerit.

L'area della licenza si estende per circa 17.800 ettari e presenta oltre 50 affioramenti di pegmatite mappati, di cui nove si estendono tra i 500 e i 10.000 metri di lunghezza. La geologia consiste in metasedimenti mesoproterozoici e nel cratone archeano di Rae, con indicatori chiave che includono granito a 2 mica e rocce ultramafiche.

La società prevede di esplorare questa regione nel 2025, evidenziando il potenziale di esplorazione economica con un carico di sovraccarico minimo. La posizione offre vantaggi strategici per il futuro trasporto di concentrato di spodumene verso i mercati nordamericani ed europei tramite rotte marittime, evitando costose infrastrutture stradali o ferroviarie.

Brunswick Exploration (BRWXF) ha identificado nuevos objetivos de litio en el este de Groenlandia y ha solicitado una licencia minera que cubre estas áreas. La nueva Licencia Hinksland contiene 5 bloques ubicados a aproximadamente 240 kilómetros de Ittoqqortoormiit y 200 kilómetros de la pista de aterrizaje de Nerlerit.

El área de la licencia abarca aproximadamente 17,800 hectáreas y cuenta con más de 50 afloramientos de pegmatita mapeados, incluyendo nueve que se extienden entre 500 y 10,000 metros de longitud. La geología está compuesta por metasedimentos mesoproterozoicos y el Cratón Arqueano de Rae, con marcadores clave que incluyen granito de 2 micas y rocas ultramáficas.

La empresa planea explorar esta región en 2025, destacando el potencial de exploración rentable con una sobrecarga mínima. La ubicación ofrece ventajas estratégicas para el futuro transporte de concentrado de espodumeno hacia los mercados de América del Norte y Europa a través de rutas marítimas, evitando costosas infraestructuras de camiones o ferrocarriles.

브런즈윅 탐사 (BRWXF)는 그린란드 동부에서 새로운 리튬 목표를 확인하고 이 지역을 포함하는 광물 라이센스를 신청했습니다. 새로운 힌크슬랜드 라이센스는 이토쿼르토르미트에서 약 240킬로미터, 넬레리트 비행장에서 200킬로미터 떨어진 5개의 블록으로 구성되어 있습니다.

라이센스 지역은 약 17,800헥타르에 달하며, 50개 이상의 매핑된 페그마타이트 노출이 특징으로, 그 중 9개는 500미터에서 10,000미터까지의 길이를 가지고 있습니다. 지질학적으로는 메소프로테로조익 변성 퇴적물과 고아르케아인 레이 크라톤으로 구성되어 있으며, 주요 지표는 2-미카 화강암과 초마그네슘암을 포함합니다.

회사는 2025년에 이 지역을 탐사할 계획이며, 최소한의 과부하로 비용 효율적인 탐사의 잠재력을 강조합니다. 이 위치는 북미 및 유럽 시장으로의 스포듐렌 농축물 운송을 위한 전략적 이점을 제공하며, 비용이 많이 드는 트럭이나 철도 인프라를 피할 수 있습니다.

Brunswick Exploration (BRWXF) a identifié de nouvelles cibles de lithium dans l'est du Groenland et a demandé une licence minière couvrant ces zones. La nouvelle licence Hinksland comprend 5 blocs situés à environ 240 kilomètres d'Ittoqqortoormiit et 200 kilomètres de la piste d'atterrissage de Nerlerit.

La zone de la licence s'étend sur environ 17 800 hectares et présente plus de 50 affleurements de pegmatite cartographiés, dont neuf s'étendent entre 500 et 10 000 mètres de longueur. La géologie est composée de métasédiments méso-protérozoïques et du craton archéen de Rae, avec des marqueurs clés comprenant du granite à 2 micas et des roches ultramafiques.

L'entreprise prévoit d'explorer cette région en 2025, mettant en avant le potentiel d'exploration rentable avec un surcroît minimal. L'emplacement offre des avantages stratégiques pour le transport futur de concentré de spodumène vers les marchés nord-américains et européens via des routes maritimes, évitant ainsi des infrastructures routières ou ferroviaires coûteuses.

Brunswick Exploration (BRWXF) hat neue Lithiumziele im östlichen Grönland identifiziert und eine Bergbaulizenz für diese Gebiete beantragt. Die neue Hinksland-Lizenz umfasst 5 Blöcke, die etwa 240 Kilometer von Ittoqqortoormiit und 200 Kilometer von der Landebahn Nerlerit entfernt sind.

Das Lizenzgebiet erstreckt sich über etwa 17.800 Hektar und weist über 50 kartierte Pegmatitausbrüche auf, darunter neun, die sich zwischen 500 und 10.000 Metern in der Länge erstrecken. Die Geologie besteht aus mesoproterozoischen Metasedimenten und dem archaischen Rae-Craton, mit wichtigen Markern wie 2-Mica-Granit und ultramafischen Gesteinen.

Das Unternehmen plant, diese Region im Jahr 2025 zu erkunden, und hebt das kosteneffiziente Erkundungspotenzial mit minimaler Überlastung hervor. Der Standort bietet strategische Vorteile für den zukünftigen Transport von Spodumenkonzentrat zu den Märkten in Nordamerika und Europa über Seewege, wodurch kostspielige Lkw- oder Schieneninfrastrukturen vermieden werden.

Positive
  • Strategic location enabling cost-effective sea transportation to North American and European markets
  • Extensive pegmatite outcrop system with 9 large formations spanning 500-10,000m in strike length
  • Cost-effective exploration potential due to minimal overburden
  • Large land position of 17,800 hectares in a promising lithium region
Negative
  • Remote location 240km from nearest community
  • License applications still pending government approval
  • Infrastructure to nearby helipad and airstrip

MONTREAL, March 13, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce that, as compilation work by the BRW team continues, it has identified new high potential areas in Greenland and has proceeded to immediately apply for a mineral license covering these targets. BRW is the only company delineating the lithium potential of the country.

Mr. Killian Charles, President and CEO of BRW, commented: “I am particularly pleased to continue expanding our portfolio in a country which has significant untapped exploration potential. Our Greenland lithium portfolio benefits from cost-effective exploration programs with little to no overburden, allowing for rapid testing similar to our first Greenlandic lithium discovery in late 2024.

Furthermore, as we continue to outline and expand the lithium potential of Greenland, we are confident any future spodumene concentrate can reach both North American and European markets by boat without requiring transportation by more expensive truck or rail infrastructure. With our current land position in western and eastern Greenland, we now have hundreds of staked and untested targets across Greenland and are very excited about our 2025 exploration campaign.

We are also progressing aggressively through our drill targets at our Mirage project and first results are expected in the coming weeks.“

Hinksland License

The new license contains 5 blocks and is located roughly 240 kilometers from the community of Ittoqqortoormiit and roughly 200 kilometers from the airstrip in Nerlerit (Figure 1). Ittoqqortoormiit is a coastal community with a helipad that is home to roughly 300 people. The license is a mix of Mesoproterozoic metasediments and the Archean Rae Craton that extends from the western coast, where BRW’s Uummannaq project is located. In east Greenland, the Rae Craton has been reworked by the Caledonian orogeny, which extends southeast to the Leinster lithium district of Ireland, continues southwest to Newfoundland’s Killick lithium project, and extends to the Carolinas’ lithium region in the United States of America.

The License is also located 110 kilometers from the Malmberg molybdenum project that is nearly through the process of obtaining an exploitation license as it seeks to transition from development to mining.

The new license blocks have over 50 mapped and interpreted pegmatite outcrops, including nine that are between 500 and roughly 10,000 meters in strike length, for a total new license area of roughly 17,800 hectares. The license and surrounding area contain key geologic markers for BRW including a 2-mica granite and ultramafic rocks. Licence applications have been submitted and are awaiting government final approval.

BRW plans to visit this new region in 2025 and would also like to thank Xploration Services Greenland A/S for their assistance with license applications and various logistics for the 2025 season.

Figure 1: Hinksland License Area

Hinksland License Area

Clarification regarding December 2024 Private Placement

There was a discrepancy in a news release of the Corporation dated December 20, 2024 regarding the private placement that closed on the same date (the "Private Placement"). The news release reported that $170,872.79 was paid to finders in relation to the Private Placement. The accurate amount should have been $169,262.79. Additionally, the number of shares subscribed by insiders in connection with the Private Placement is 1,977,000 (or 3,539,501 when including shares purchased by an insider as a final purchaser of charity flow-through shares), rather than the previously stated 2,887,501 shares.

Qualified Person

The scientific and technical information related to this press release has been reviewed and approved by Mr. Charles Kodors, Manager, Atlantic Canada. He is a Professional Geologist registered in New Brunswick, Newfoundland, and Quebec.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under the symbol BRW. The Company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing one of the extensive grassroots lithium property portfolios in Canada and Greenland, including the Mirage Project.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@BRWexplo.com)

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da3c3232-c47e-463e-9fec-819acff957bb


FAQ

What is the size and location of Brunswick Exploration's new Hinksland License in Greenland?

The Hinksland License covers 17,800 hectares and is located 240km from Ittoqqortoormiit and 200km from the Nerlerit airstrip in Eastern Greenland.

How many pegmatite outcrops has BRWXF identified in the new Greenland license area?

Over 50 pegmatite outcrops have been mapped, with nine outcrops ranging between 500 and 10,000 meters in strike length.

What are the transportation advantages of BRWXF's Greenland lithium projects?

Future spodumene concentrate can be transported by boat to both North American and European markets, avoiding expensive truck or rail infrastructure.

When will Brunswick Exploration (BRWXF) begin exploring the new Hinksland License area?

The company plans to visit and explore the new region during their 2025 exploration campaign.
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