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BRUNSWICK EXPLORATION ANNOUNCES INFERRED MINERAL RESOURCE OF 52.2MT AT 1.08% LI2O AT MIRAGE WITH ADDITIONAL EXPLORATION TARGET

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Executive Summary

Brunswick Exploration Inc. has achieved a significant milestone by delivering its maiden mineral resource estimate for the Mirage Project, establishing an inferred open-pit resource of 52.2 million tonnes grading 1.08% lithium oxide (Li2O) with byproduct tantalum credits of 131ppm Ta2O5. The project is wholly owned by the company and strategically located in Quebec's Eeyou Istchee Baie-James region, a jurisdiction known for its mining-friendly regulatory environment and established infrastructure.

The resource estimate represents a substantial lithium inventory that positions Brunswick among the emerging lithium developers in Canada's critical minerals sector. At current lithium carbonate equivalent prices, this resource could represent significant economic value, particularly given the growing demand for battery-grade lithium in the electric vehicle and energy storage markets. The presence of tantalum as a byproduct commodity adds additional revenue potential, as tantalum commands premium prices due to its use in advanced electronics and aerospace applications.

The timing of this resource announcement aligns favorably with government initiatives to develop domestic critical mineral supply chains and reduce dependence on foreign sources. Quebec's supportive mining framework and the federal government's focus on battery materials present a conducive environment for project advancement. The company's mention of additional exploration targets suggests further resource expansion potential, which could enhance the project's overall economics and attractiveness to potential partners or acquirers.

For the broader lithium sector, this resource adds to Canada's growing inventory of domestic lithium assets, supporting the country's ambitions to become a key player in the North American battery supply chain. The open-pit nature of the resource suggests potentially favorable mining economics, though detailed feasibility studies will be required to confirm commercial viability and establish development timelines.
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