BRUNSWICK EXPLORATION ANNOUNCES APPOINTMENT OF VICE PRESIDENT – INTERNATIONAL PROJECTS
Executive Summary
The promotion comes as Brunswick prepares major work programs in Saudi Arabia and Greenland over the coming months, highlighting the company's strategic expansion beyond its Canadian operations. Kodors brings over 15 years of mining industry experience, including previous roles as Exploration Manager at Osisko Metals and Senior Exploration Geologist at Kirkland Lake Gold. His geological expertise and professional registration in New Brunswick and Quebec position him well to oversee these international initiatives.
Concurrently, Brunswick's board approved significant equity compensation packages, including 3,515,000 stock options granted to directors, officers, employees and consultants at an exercise price of $0.235 per share with three-year vesting and five-year terms. The company also issued 186,566 deferred share units to non-executive directors at $0.268 per unit in lieu of board fees. These grants reflect confidence in the company's growth trajectory and help align stakeholder interests during this expansion phase.
Brunswick's strategic focus on lithium exploration across Canada, Greenland and Saudi Arabia positions the company within the critical minerals sector supporting global decarbonization efforts. The company's flagship Mirage project represents one of the largest undeveloped hard-rock lithium resources in the Americas, with an Inferred Mineral Resource Estimate of 52.2 million tonnes grading 1.08% Li2O. This appointment and the planned international work programs signal Brunswick's commitment to advancing its diversified lithium portfolio amid growing demand for battery materials.
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