Brixton Metals Closes Option Agreement to Acquire Silvergruvan Property in Sweden

11:04 AM EDT, 10/22/2026 (MT Newswires) -- Brixton Metals (BBB.V) on Thursday said it closed an option agreement to acquire certain mineral exploration permits in south-central Sweden. The past-producing Silvergruvan property spans 1,460 hectares and is prospective for silver, gold, lead, zinc, antimony and indium, a statement said. Brixton may exercise the option to acquire 100% of Silvergruvan by paying CA$1.5 million in shares and undertaking CA$3.3 million in exploration expenditures, an earlier statement said. McKnight Resources, the vendor, will retain a 2% net smelter returns royalty, of which Brixton may buy back 1% for CA$1.5 million in cash or shares. Brixton Metals shares were last seen down CA$0.03 at CA$0.57 on the TSX Venture Exchange. Price: 0.57, Change: -0.03, Percent Change: -5.00