Brixton Metals closes second-tranche private placement, raising $429,000 from unit sale

Reuters2026/08/26 09:17

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Brixton Metals closed a second tranche of a non-brokered private placement, issuing 650,000 units at CAD 0.66 for CAD 429,000.
It also closed a concurrent non-brokered offering of 5,332,905 flow-through shares at CAD 0.76 for CAD 4.05 million.
Total gross proceeds raised across the first two tranches of the unit offering and the flow-through offering reached CAD 8.96 million.
Each unit includes one common share, one warrant exercisable at CAD 0.9 until Aug. 25, 2029, subject to accelerated expiry conditions.
Proceeds target exploration at the Langis Silver Project, working capital, and eligible Canadian exploration expenses under flow-through rules.

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 on August 25, 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 closes second-tranche private placement, raising $429,000 from unit sale

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