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Brixton Metals Announces Closing of Option Agreement to Acquire a 100% Interest in the Silver Focused Silvergruvan Project in Sweden

BBBXF
  • Brixton Metals Corporation secured TSX Venture Exchange approval for a sole, exclusive, irrevocable option to acquire a 100% interest in the Silvergruvan Property in Hällefors Municipality, Sweden.
  • The Silvergruvan Property spans 1,460 hectares with historical mining activity from the 1600s to the late 20th century, targeting silver, gold, lead, zinc, antimony, & indium.
  • The property is situated on the western margin of the Bergslagen province near major polymetallic operations like Garpenberg, which generated 47% of its 2025 revenue from silver.
  • Brixton must complete share issuances totaling $1,500,000 & exploration expenditures totaling $3,300,000 over a three-year period to exercise the option.
  • Share issuance prices will be based on the 20-day volume-weighted average trading price, subject to a minimum floor of $0.50 per share.
  • Upon exercising the option, Brixton will grant McKnight Resources AB a 2.0% net smelter returns royalty, which can be reduced to 1.0% via a $1.5 million cash payment or equivalent share issuance.
  • Shares issued under the agreement will face a mandatory four-month & one-day hold period plus a voluntary lock-up schedule releasing 25% of shares at issuance, four months, eight months, & twelve months.
  • Gary Thompson, the Company's Chairman, CEO, & Qualified Person, conducted a site visit on August 25, 2026, & recommended further exploration while noting insufficient data to confirm historical accuracy.