Brixton Metals signs option to acquire 100% of Silvergruvan project in Sweden for $1.5 million shares, $3.3 million exploration spending
Bitget2026/09/23 11:31- Brixton Metals signed an option to acquire 100% of Sweden’s Silvergruvan Project, covering 1,460 hectares in Örebro County.
- Deal requires staged share issuances totaling $1.5 million, tied to the 20-day VWAP with a $0.5 minimum issue price.
- Exploration spending commitments total $3.3 million over three years, with an additional $600,000 payable to complete the earn-in.
- McKnight would retain a 2% net smelter returns royalty, with a buyback to 1% for $1.5 million in cash or shares.
- Transaction remains subject to TSX Venture Exchange acceptance.
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