Brunswick Exploration (TSE:BRW)
:BRW
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Brunswick Exploration
(BRW)
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Rating:49Neutral
Price Target:
C$0.20
▲(7.37% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and worsening TTM cash burn), partially offset by a strong low-debt balance sheet. Technical indicators are modestly supportive but not decisively bullish, while valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Low-debt balance sheet
Near-zero debt and a materially expanded equity base give the company long-term financial flexibility to fund capital-intensive exploration without heavy interest burdens. This reduces insolvency risk and improves the ability to execute multi-stage drilling and development programs over months.
Negative Factors
Pre-revenue operating profile
Being pre-revenue makes the firm dependent on successful exploration outcomes and external capital to reach resource development. Without operating income, long-term viability hinges on project discoveries or permits, elevating execution and commodity-cycle risk over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low-debt balance sheet
Near-zero debt and a materially expanded equity base give the company long-term financial flexibility to fund capital-intensive exploration without heavy interest burdens. This reduces insolvency risk and improves the ability to execute multi-stage drilling and development programs over months.
Read all positive factors
Brunswick Exploration (BRW) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$49.50M
Dividend YieldN/A
Average Volume (3M)559.39K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS Growth72.22%
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
null...
Brunswick Exploration Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -26.93K | -19.11K | -24.43K | -30.13K | -15.69K | -8.76K |
| EBITDA | -4.91M | -3.15M | -8.58M | -5.75M | -5.61M | -982.29K |
| Net Income | -2.76M | -1.36M | -8.33M | -5.20M | -5.55M | -64.19K |
Balance Sheet | ||||||
| Total Assets | 29.80M | 25.10M | 22.08M | 23.69M | 11.56M | 6.29M |
| Cash, Cash Equivalents and Short-Term Investments | 6.53M | 2.95M | 5.63M | 12.19M | 8.05M | 1.49M |
| Total Debt | 0.00 | 0.00 | 0.00 | 51.00K | 344.28K | 651.64K |
| Total Liabilities | 965.97K | 808.36K | 2.75M | 1.44M | 1.51M | 1.46M |
| Stockholders Equity | 28.83M | 24.29M | 19.32M | 22.24M | 10.05M | 4.82M |
Cash Flow | ||||||
| Free Cash Flow | -6.04M | -2.40M | -12.24M | -10.89M | -4.63M | -4.16M |
| Operating Cash Flow | -2.50M | -2.40M | -2.58M | -1.68M | -757.38K | -1.26M |
| Investing Cash Flow | -3.95M | -5.31M | -8.78M | -9.14M | -3.75M | -1.16M |
| Financing Cash Flow | 10.45M | 5.04M | 4.79M | 14.96M | 11.07M | -933.33K |
Brunswick Exploration Technical Analysis
Negative
0.19
Price Trends
0.20
Negative
0.23
Negative
0.18
Positive
Market Momentum
<0.01
Positive
43.60
Neutral
9.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BRW, the sentiment is Negative. The current price of 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.20, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.60 is Neutral, neither overbought nor oversold. The STOCH value of 9.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$42.95M | -14.87 | -9.10% | ― | ― | -14.43% | |
51 Neutral | C$26.66M | 309.76 | 2.73% | ― | ― | ― | |
49 Neutral | C$49.50M | -12.52 | -11.17% | ― | ― | 72.22% | |
48 Neutral | C$63.83M | -12.31 | -25.64% | ― | ― | 29.41% | |
46 Neutral | C$29.19M | -8.99 | -22.31% | ― | ― | -11.54% | |
45 Neutral | C$34.44M | -0.03 | ― | ― | ― | ― |
* Basic Materials Sector Average
TSE:BRW
Brunswick Exploration
0.19
0.05
40.74%
TSE:JG
Japan Gold
0.10
-0.02
-20.83%
TSE:LVG
Lake Victoria Gold Ltd
0.33
0.13
66.67%
TSE:VLC
Velocity Minerals
0.21
0.04
20.00%
TSE:FUTR
Gold'n Futures Mineral
0.30
-0.70
-70.00%
TSE:RDG
Ridgeline Minerals
0.19
0.01
5.71%
Brunswick Exploration Corporate Events
Business Operations and Strategy
Brunswick Exploration Hits Wide High-Grade Lithium Intercepts at Anatacau Main
Positive
Apr 15, 2026
Brunswick Exploration reported strong initial winter drilling results from its Anatacau Main lithium project in Quebec, including 90.5 meters grading 1.31% Li2O within a broader 167.9-meter interval at 1.02% Li2O and the discovery of a new high-gr...
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...
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.