Brixton Metals signs option to acquire 100% of Silvergruvan project in Sweden for $1.5 million shares, $3.3 million exploration spending

Bitget2026/09/23 11:31

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Brixton Metals signed an option to acquire 100% of Sweden’s Silvergruvan Project, covering 1,460 hectares in Örebro County.
Deal requires staged share issuances totaling $1.5 million, tied to the 20-day VWAP with a $0.5 minimum issue price.
Exploration spending commitments total $3.3 million over three years, with an additional $600,000 payable to complete the earn-in.
McKnight would retain a 2% net smelter returns royalty, with a buyback to 1% for $1.5 million in cash or shares.
Transaction remains subject to TSX Venture Exchange acceptance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brixton Metals Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609230730PRIMZONEFULLFEED9832227) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Brixton Metals signs option to acquire 100% of Silvergruvan project in Sweden for $1.5 million shares, $3.3 million exploration spending

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