Brixton Metals Stock Price, News & Analysis

Brixton Metals Corporation (BBBXF) announced that Pacific Bay Minerals Ltd. has completed the first phase of an agreement to acquire 100% interest in the Atlin Goldfields Project in British Columbia. Pacific Bay will provide a minimum of $500,000 financing along with regulatory approvals and a NI-43-101 Technical Report. The Option allows Pacific Bay to earn interest through cash, shares, and exploration expenditures totaling $3,225,000 and $7,000,000 over seven years. Brixton will retain a 2% Net Smelter Return upon completion.

Brixton Metals Corporation (BBBXF) announced promising drill results from its Thorn Project in British Columbia. The highlights include Hole THN22-205, which recorded 64.00m of 5.74 g/t Au, and 28.95m of 10.36 g/t Au. This marks the highest-grade gold intercept observed this season. The company plans to expand drilling in the Trapper Zone, leveraging improved lab turnaround times. CEO Gary R. Thompson emphasized the gold potential of the Trapper Target, which has various mineralizing centers. Thus far, 5091.70m have been drilled this season, focusing on both Trapper and Camp Creek targets.

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) has commenced its 2022 exploration program at the Thorn Project in British Columbia, focusing on the Camp Creek and Trapper Gold targets. The planned drilling will cover up to 20,000 meters, aiming to expand mineralization in these high-priority areas. Notable past results include 1.60 g/t gold over 187.50m at Trapper and promising copper-gold grades at Camp Creek. The company also granted stock options to its team, reinforcing its commitment to growth.

Brixton Metals Corporation has entered a Definitive Agreement with Pacific Bay Minerals Ltd. for the Atlin Goldfields Project in British Columbia. Pacific Bay can acquire 100% interest by paying Brixton $3,225,000 in cash, issuing 10 million shares, and spending $7 million on exploration over seven years. If completed, Brixton retains a 2% Net Smelter Return Royalty. Key milestones include a $500,000 financing and a Technical Report by June 18, 2022. This agreement enables Brixton to benefit from potential exploration successes while maintaining a revenue stream through the royalty.

Brixton Metals Corporation has announced the acquisition of a new 235 square kilometers mineral claim group, enhancing its Thorn Project to a total of 2,863 square kilometers. Acquired for CAD$75,000, the claims are mostly royalty-free, except for a single claim with a 1.5% net smelter return. The project, located in Northwest British Columbia, showcases promising geological characteristics for copper-gold deposits, highlighted by significant copper grades in recent samples. This strategic consolidation positions Brixton to leverage the increasing demand for copper as industries aim to decarbonize.

Brixton Metals Corporation has entered a Letter of Intent with Pacific Bay Minerals Ltd. to allow Pacific Bay to acquire 100% interest in the Atlin Goldfields Project in British Columbia. This agreement requires Pacific Bay to invest a total of $3.225 million in cash and shares, with specified exploration expenditures over seven years. Should Pacific Bay's earn-in be completed, Brixton will retain a 2% Net Smelter Return Royalty. This strategic move follows Brixton's previous agreement with Ivanhoe Electric and emphasizes its focus on the flagship Thorn Project.

Brixton Metals Corporation (BBBXF) announced receiving a USD$500,000 payment for its Hog Heaven Project, in partnership with Ivanhoe Electric Inc. This project is an advanced stage high sulphidation copper-silver-gold endeavor located in Montana, with Ivanhoe holding an option to acquire up to 75% interest through a USD$44.5 million investment. The 2022 drill program aims to explore mineralization extensions and new targets. Historical production includes 6.7Moz Ag and 3,000 oz Au from 1913-1975. The project holds significant potential for critical metals in electrification.

Brixton Metals Corporation (BBBXF) has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the United States. This development is expected to enhance liquidity and simplify the trading process for both existing and potential investors. DTC eligibility allows for faster execution speeds, opening opportunities for new investors previously restricted from purchasing shares. Brixton is focused on advancing its mining projects, including the Thorn and Hog Heaven projects.