Brixton Metals Announces Closing of Non-Brokered Private Placement for Gross Proceeds of $4 Million

Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, April 10, 2026 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX- V: BBB, (TSX- V: BBB, OTCQX:BBBXF) (the "Company" or "Brixton") is pleased to announce that it has closed a non-brokered private placement offering of 1,110,000 national flow-through shares in the capital of Brixton ("FT Shares") at a price of $1.35 per FT Share and 1,771,111 critical mineral flow-through shares in the capital of Brixton (the "CMFT Shares") at a price of $1.44 per CMFT Share, for combined gross proceeds of $4,048,899.84 (the "Offering"). The gross 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 "Act"). The gross proceeds from the CMFT Shares will be used to incur "flow-through critical mineral mining expenditures" as defined in subsection 127(9) of 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. In connection with the Offering, the Company paid $30,000 and issued 20,833 non-transferable common share purchase warrants (each, a "Compensation Warrant") to an arm's length party who assisted in introducing a subscriber to the Offering. Each Compensation warrant is exercisable to acquire one common ...Full story available on Benzinga.com