BULLETIN V2026-3278
BRIXTON METALS CORPORATION ("BBB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: October 21, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the "Agreement") dated September 16, 2026, between Brixton Metals Corporation (the "Company") and an arm's length party (the "Optionor"). Pursuant to the terms of the Agreement, the Company has the option to acquire an undivided 100% interest in the Silvergruvan mineral exploration permits (Silvergruvan 100 and Silvergruvan 200), encompassing approximately 1,460 hectares located in rebro County, Sweden. To exercise the option, the Company will make total share issuances of up to $1,500,000 (at a price equal to the greater of the 20-day VWAP and $0.50 per share) and incur $3,300,000 in exploration expenditures over a three-year period. Upon option exercise, the Property will be subject to a 2.0% Net Smelter Returns ("NSR") royalty in favour of the Optionor. The Company holds the right, at any time, to reduce the NSR to 1.0% by paying $1,500,000 in cash or issuing equivalent value in common shares, subject to TSX Venture Exchange prior approval.
For further details, please refer to the Company's news release dated September 23, 2026.
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