Brunswick Exploration (TSE:BRW)
:BRW
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Brunswick Exploration
(BRW)
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Rating:43Neutral
Price Target:
C$0.16
▼(-16.32% Downside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by weak financial performance typical of a pre-revenue explorer (recurring losses and negative free cash flow) despite a low-debt balance sheet. Technicals are also unfavorable with the stock trading below key moving averages and negative MACD. Valuation offers limited support because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Low financial leverage
A near-zero debt position reduces liquidity and solvency risk and preserves optionality to pursue exploration, JVs, or asset sales without heavy interest burdens. Structurally, low leverage lengthens runway and supports financing flexibility during multi-month exploration programs.
Negative Factors
No operating revenue
Absence of operating revenue creates persistent earnings uncertainty and makes company value fully contingent on exploration outcomes. Over the medium term this limits margin visibility and operational resilience, leaving the business exposed to binary technical results rather than recurring cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
A near-zero debt position reduces liquidity and solvency risk and preserves optionality to pursue exploration, JVs, or asset sales without heavy interest burdens. Structurally, low leverage lengthens runway and supports financing flexibility during multi-month exploration programs.
Read all positive factors
Brunswick Exploration (BRW) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$46.89M
Dividend YieldN/A
Average Volume (3M)559.39K
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue GrowthN/A
EPS Growth74.95%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding260,512,150
10 Day Avg. Volume425,094
30 Day Avg. Volume559,386
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.94
Price to Sales (P/S)0.00
P/FCF Ratio-19.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Brunswick Exploration Business Overview & Revenue Model
Company Description
Brunswick Exploration Inc. focuses on the exploration and development of gold and base metal properties in eastern Canada. The company has an option to acquire interest up to 51% in the Brunswick Belt exploration property that covers an area of 72...
How the Company Makes Money
Brunswick Exploration is a pre-revenue/early-stage exploration company; public sources do not indicate recurring operating revenue from commercial mineral production. As a result, it typically finances its activities through capital markets (e.g.,...
Brunswick Exploration Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -19.11K | -24.43K | -30.13K | -15.69K | -8.76K |
| EBITDA | -3.15M | -8.58M | -5.75M | -5.61M | -982.29K |
| Net Income | -1.36M | -8.33M | -5.20M | -5.55M | -64.19K |
Balance Sheet | |||||
| Total Assets | 25.10M | 22.08M | 23.69M | 11.56M | 6.29M |
| Cash, Cash Equivalents and Short-Term Investments | 2.95M | 5.63M | 12.19M | 8.05M | 1.49M |
| Total Debt | 0.00 | 0.00 | 51.00K | 344.28K | 651.64K |
| Total Liabilities | 808.36K | 2.75M | 1.44M | 1.51M | 1.46M |
| Stockholders Equity | 24.29M | 19.32M | 22.24M | 10.05M | 4.82M |
Cash Flow | |||||
| Free Cash Flow | -2.40M | -12.24M | -10.89M | -4.63M | -4.16M |
| Operating Cash Flow | -2.40M | -2.58M | -1.68M | -757.38K | -1.26M |
| Investing Cash Flow | -5.31M | -8.78M | -9.14M | -3.75M | -1.16M |
| Financing Cash Flow | 5.04M | 4.79M | 14.96M | 11.07M | -933.33K |
Brunswick Exploration Technical Analysis
Neutral
0.19
Price Trends
0.24
Negative
0.21
Negative
0.17
Positive
Market Momentum
-0.02
Positive
42.94
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRW, the sentiment is Neutral. The current price of 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.24, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.94 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BRW.
Brunswick Exploration Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$60.50M | -5.89 | -27.09% | ― | ― | 40.00% | |
52 Neutral | C$30.27M | 5.25 | 2.73% | ― | ― | ― | |
48 Neutral | C$42.95M | -7.94 | -9.10% | ― | ― | ― | |
45 Neutral | C$28.98M | -7.62 | -22.31% | ― | ― | -70.25% | |
45 Neutral | C$34.84M | -0.03 | ― | ― | ― | ― | |
43 Neutral | C$46.89M | -34.56 | -7.11% | ― | ― | 74.95% |
* Basic Materials Sector Average
TSE:BRW
Brunswick Exploration
0.18
<0.01
2.86%
TSE:JG
Japan Gold
0.10
>-0.01
-9.09%
TSE:LVG
Lake Victoria Gold Ltd
0.35
0.18
112.12%
TSE:VLC
Velocity Minerals
0.22
0.04
19.44%
TSE:FUTR
Gold'n Futures Mineral
0.42
-0.58
-58.00%
TSE:RDG
Ridgeline Minerals
0.21
0.02
10.53%
Brunswick Exploration Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Brunswick Exploration Raises $5.45 Million to Accelerate Global Lithium Exploration
Positive
Mar 23, 2026
Brunswick Exploration has closed the final tranche of its non-brokered private placement, issuing an additional 5,000,000 units at $0.25 each and bringing total gross proceeds from the financing to $5,445,000. Each unit consists of one common shar...
Business Operations and StrategyRegulatory Filings and Compliance
Brunswick Exploration Files Maiden Resource Report for Major Mirage Lithium Find
Positive
Feb 27, 2026
Brunswick Exploration has filed a NI 43-101 technical report outlining a maiden mineral resource estimate for its Mirage lithium project in Quebec, confirming an inferred resource of 52.2 million tonnes grading 1.08% Li2O and 131 ppm Ta2O5 at a 0....
Business Operations and StrategyExecutive/Board Changes
Brunswick Exploration Expands International Leadership and Issues New Equity Incentives
Positive
Feb 27, 2026
Brunswick Exploration has appointed long-time executive Charles Kodors as Vice President – International Projects, recognizing his expanded responsibilities as the company advances significant work programs in Saudi Arabia and Greenland. Kod...
Business Operations and StrategyPrivate Placements and Financing
Brunswick Exploration Launches $4 Million Insider-Led Private Placement to Fund Global Lithium Push
Positive
Feb 25, 2026
Brunswick Exploration has launched an insider-led, non-brokered private placement of up to 16,000,000 units at $0.25 each to raise as much as $4 million, with each unit comprising one common share and half a warrant exercisable at $0.35 for 36 mon...
Business Operations and Strategy
Brunswick Exploration Maps New Lithium Targets and Expands Anatacau Main Claims
Positive
Feb 19, 2026
Brunswick Exploration has identified seven new spodumene-related lithium targets and staked additional claims at its Anatacau Main Project in Quebec’s Eeyou-Istchee James Bay region, expanding the scope of its ongoing drilling at the Anais s...
Business Operations and Strategy
Brunswick Exploration Launches Phase 2 Drilling at Anatacau Lithium Discovery in Quebec
Positive
Feb 17, 2026
Brunswick Exploration has restarted drilling at its Anatacau Main Project in Quebec’s Eeyou-Istchee James Bay region, launching a roughly 2,500-metre Phase 2 program to expand the Anais lithium discovery, where previous drilling returned one...
Business Operations and Strategy
Brunswick Exploration Stakes New High-Priority Lithium Targets in Eastern Greenland
Positive
Feb 3, 2026
Brunswick Exploration has expanded its Greenland footprint by staking the Clavering and Hudson Land licence in Eastern Greenland, adding more than 13,800 hectares of highly prospective ground hosting numerous pegmatite outcrops and exceptional rub...
Business Operations and Strategy
Brunswick Exploration Unveils Major Maiden Resource at Mirage Lithium Project in Quebec
Positive
Jan 8, 2026
Brunswick Exploration has published a maiden inferred mineral resource estimate for its wholly owned Mirage lithium project in Quebec, outlining 52.2 million tonnes grading 1.08% Li2O and 131 ppm Ta2O5 at a 0.5% Li2O equivalent cut-off, placing Mi...
Business Operations and Strategy
Brunswick Exploration Unveils Major Maiden Lithium Resource at Mirage in Quebec
Positive
Jan 8, 2026
Brunswick Exploration has published a maiden inferred open-pit mineral resource estimate for its wholly owned Mirage lithium project in Quebec, outlining 52.2 million tonnes grading 1.08% Li2O and 131 ppm Ta2O5 at a 0.5% Li2OEq cut-off, placing Mi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.