VANCOUVER, British Columbia, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV:BBB, OTCQB:BBBXF) (the "Company" or "Brixton") is pleased to announce that it completed on December 18, 2025, the third and final tranche of a non-brokered private placement previously announced on November 14, 2025 (the "Offering").
The third tranche of the Offering consisted of 35,714,285 Non Flow-Through ("NFT Units") at a per NFT Unit price of $0.07 for total gross proceeds of $2,499,999.95, the gross proceeds from tranche 2 and tranche 1 were $3,997,924.79 and $5,698,269.06, respectively, for cumulative total gross proceeds of $12,196,193.80.
Chairman, CEO, Gary R. Thompson remarked, "We would like to thank our shareholders for their continued support and welcome new investors to the Company. As previously stated, a portion of proceeds will immediately be directed toward a winter drill campaign at Brixton's wholly owned Langis Silver Project in Ontario. Silver prices have reached an all-time high of US$66 per ounce and we aim to capture the attention of silver investors as we bring Langis, a rare native silver exploration project, into focus. Langis is a past-producer that produced 10.4Moz of silver at a head grade of 25 opt or 778 g/t intermittently from 1908-1989 with silver recoveries of 88 to 98%. Infrastructure is excellent and operational costs are low. We intend to drill up to 15,000m as a phase one program starting in January 2026. The most recent drilling at Langis was in 2022 where hole 283 returned 9m of 1037 g/t Ag including 4m of 2043 g/t Ag. In 2021, hole 219 yielded 22m of 392.8 g/t Ag including 7m of 919.3 g/t Ag."
Each of the NFT Units consisted of a Common Share and one non-transferable warrant ...
