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Brunswick Exploration
(BRW)
Brunswick Exploration (BRW) vs. iShares MSCI Canada ETF (EWC)
Brunswick Exploration Business Overview & Revenue Model
Brunswick Exploration Financial Statement Overview
| 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
Brunswick Exploration Peers Comparison
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$61.47M | -5.89 | -27.09% | ― | ― | 40.00% | |
52 Neutral | C$25.94M | 5.25 | 2.73% | ― | ― | ― | |
48 Neutral | C$41.93M | -7.94 | -9.10% | ― | ― | ― | |
45 Neutral | C$28.98M | -7.62 | -22.31% | ― | ― | -70.25% | |
45 Neutral | C$34.44M | -2.86 | ― | ― | ― | ― | |
44 Neutral | C$49.50M | -34.56 | -7.11% | ― | ― | 74.95% |
Brunswick Exploration Corporate Events
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 share and half a warrant exercisable at $0.35 for 36 months, and the offering was completed under the listed issuer financing exemption, allowing the new securities to trade freely in Canada.
The company plans to deploy the net proceeds to accelerate exploration across its lithium projects in Canada, Saudi Arabia and Greenland, while continuing to advance high-priority assets in Quebec, including the Anatacau drilling campaign and its flagship Mirage project. Brunswick also paid $278,200 in finders’ fees and issued 490,000 finder warrants, underscoring sustained investor interest in its international lithium expansion strategy and reinforcing its position in the critical minerals exploration space.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.16 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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 0.5% Li2OEq cut-off. This positions Mirage among the largest undeveloped hard-rock lithium resources in the Americas and underscores the project’s strategic significance within the regional lithium supply chain.
The report also defines an additional exploration target of 40–50 million tonnes at 0.80–1.10% Li2O, with mineralization largely near surface and open in multiple directions, indicating strong potential for resource growth. Metallurgical test work suggests a simple dense media separation flowsheet could produce high-quality concentrate, potentially lowering future processing complexity and costs and enhancing the project’s attractiveness for investors and downstream battery-materials stakeholders.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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. Kodors, who has over 15 years of mining and exploration experience and has been key in building Brunswick’s international portfolio, previously led its Canadian lithium projects outside Quebec.
The company also granted 186,566 deferred share units to non-executive directors in lieu of board fees and approved 3,515,000 stock options for directors, officers, employees and consultants. These equity awards, which feature multi-year vesting and fixed exercise pricing, underscore Brunswick’s use of long-term incentives to align management and board interests with shareholders as it accelerates its global lithium exploration strategy.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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 months. The financing, offered under the listed issuer financing exemption in Canada and subject to TSX Venture Exchange approval, will fund lithium exploration across its Canadian, Saudi Arabian and Greenland properties and support working capital, underscoring the firm’s push to consolidate early-stage lithium targets globally.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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 showing. The new targets, distributed across existing ground and newly staked claims, include more than 400 mapped pegmatite outcrops and lie along or adjacent to major regional lithium-bearing structural corridors that also host projects owned by Rio Tinto, Cygnus Metals and Li-FT Power.
The company says three unverified spodumene showings south of Anais, three more on recently staked ground contiguous with Anatacau Main, and a set of highly fractionated pegmatites along the Pontax trend significantly enhance the project’s exploration potential. A major prospecting campaign is planned following the current drill program, positioning Brunswick to potentially strengthen its foothold in a rapidly emerging lithium district that is attracting growing interest from global and regional players.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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 of 2025’s highest-grade and longest lithium intercepts globally. The campaign targets a lithium-bearing structural corridor that appears to link the Anais discovery with Rio Tinto’s nearby Galaxy deposit, underscoring the potential scale of this emerging system and reinforcing Brunswick’s strategy to build a leading lithium portfolio alongside upcoming work in Saudi Arabia and at its flagship Mirage project.
The new program, comprising 12 inclined drill holes, will first focus on extending the main Anais pegmatite dyke, now traced over 250 metres in strike and to 115 metres in vertical depth, before testing additional targets along the deformation corridor for further mineralized pegmatites. Success at Anatacau could materially enhance Brunswick’s resource base and strengthen its position in the global lithium supply chain at a time of intensifying competition for high-quality hard-rock lithium deposits.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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 rubidium, cesium and tantalum anomalies that signal strong potential for lithium-cesium-tantalum pegmatite systems. The company, currently the only lithium explorer in Greenland and owner of the country’s only known lithium discoveries, plans helicopter-supported prospecting at Clavering, Hudson Land and Hinks Land in Q3 2026, followed by a drill program at its Nuuk Lithium Project, reinforcing its strategic push to secure high-quality lithium assets in an underexplored jurisdiction that is increasingly supportive of critical mineral development.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.25 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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 Mirage among the largest undeveloped hard-rock lithium resources in the Americas. The company also outlined an additional exploration target of 40–50 million tonnes at grades of 0.80–1.10% Li2O, with more than 70% of the current resource contained within five shallow dykes that remain open, and supported by metallurgical testwork suggesting a simple dense media separation flowsheet—factors that collectively point to strong potential for resource growth, favorable future economic studies, and a strengthened strategic position for Brunswick in the rapidly developing lithium district of Eeyou Istchee Baie-James.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.
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 Mirage among the largest undeveloped hard-rock lithium resources in the Americas. The company also disclosed an additional exploration target of 40–50 million tonnes with similar lithium and tantalum grades, with over 70% of the current resource located in five near-surface dykes that remain open, and early metallurgical test work pointing to the potential for a comparatively simple dense media separation-only processing flowsheet; taken together, the resource, exploration upside and regional discoveries such as Anatacau strengthen Brunswick’s strategic foothold in the Eeyou Istchee Baie-James lithium belt and signal potential for significant future growth in its project pipeline.
The most recent analyst rating on (TSE:BRW) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on Brunswick Exploration stock, see the TSE:BRW Stock Forecast page.