Brixton Metals Corporation: Company Overview

Management Team

Brixton Metals Corporation is led by an experienced management team with extensive expertise in the mining and exploration sector. Gary R. Thompson, P.Geo., serves as Chairman, President & CEO, bringing 27 years of resources industry experience including 14 years in public markets. As the founder of Brixton, Thompson previously worked as a geologist for NovaGold Resources, Newmont Alaska, and Encana Corporation. The leadership team includes Ian Ball, B.Com. as Director, who has founded and led Silver47 Exploration Corp and has been involved in financings totaling $140 million; Cale Moodie, BSF, CPA, CA as CFO & Director, who is also a founder of Brixton and former CFO of Underworld Resources; Randall Thompson as Director with 16 years in public markets and involvement in $120 million in financings; Michael Rapsch as Vice President of Investor Relations with over 18 years of experience in IR and capital markets; and Patrick Highsmith as Director, who brings 30 years of international experience with major mining companies including Newmont, BHP, and Rio Tinto.

Projects

Brixton Metals Corporation is focused on advancing its flagship Thorn Project, a district-scale exploration asset located in northwest British Columbia on trend with the prolific Golden Triangle. The wholly-owned Thorn Project encompasses a massive 2,945 km² claim block with excellent infrastructure access via a 45-minute flight from Whitehorse, YT, and potential access to US tide waters through the Golden Bear mine road to Highway 37. The project features multiple exploration targets including calc-alkalic Cu-Au-Ag-Mo porphyry, alkalic Cu-Au porphyry, epithermal Au-Ag, and volcanic & sediment hosted Au-Ag systems. Recent drilling campaigns have yielded significant intercepts including 554 metres of 1.02% CuEq and 821 metres of 0.54% CuEq at the Camp Creek copper target, as well as 64 metres of 5.74 g/t Au and 8 metres of 11.37 g/t Au at the Trapper gold target. The company also maintains interests in three other projects: the Hog Heaven Project in Montana, the Langis Project, and the Atlin Goldfields Project in British Columbia.

Subsidiaries

Brixton Metals Corporation maintains a streamlined corporate structure with one wholly-owned subsidiary, Brixton USA Corporation, which holds the company's interests in its United States-based projects, primarily the Hog Heaven Project in Montana. The company wholly owns four exploration projects across Canada and the USA, with the Thorn Gold-Silver Project in British Columbia representing its flagship asset. Brixton operates as a single reporting entity with consolidated financial statements that include the accounts of both the parent company and its wholly-owned subsidiary.

Partners and Strategic Relationships

Brixton Metals has established significant strategic partnerships with major mining companies, most notably a strategic investment from BHP, the world's largest miner. The company has implemented a monetization strategy for its non-core assets through option agreements with industry leaders. The Hog Heaven Project in Montana has been optioned to Ivanhoe Electric Inc., which can earn a 75% interest by making USD $4.5 million in cash payments and spending $40 million on exploration over 11 years. To date, Ivanhoe Electric has made USD $2 million in cash payments to Brixton and spent approximately $21 million on the project. The Atlin Goldfields Project in British Columbia has been optioned to Eldorado Gold, which can earn 100% ownership by making C$1.1 million in cash payments and spending $5.35 million on exploration over 5 years, with an additional option to acquire 100% ownership for C$7 million cash at the end of the option period. During the option period, Brixton serves as the operator with Eldorado Gold funding all exploration expenditures.

Financial Status and Cash Burn Rate

As of March 2025, Brixton Metals Corporation maintains a strong financial position with cash holdings of CA$9.9 million and no debt, resulting in a debt-to-equity ratio of 0%. The company has total shareholder equity of CA$15.7 million and total assets that support its exploration activities. Over the trailing twelve months, Brixton's cash burn rate was CA$12 million, which from June 2024 provided approximately 12 months of cash runway. The company is fully funded for its 2025 exploration season, with strategic cash flows from option payments by Ivanhoe Electric and Eldorado Gold providing non-dilutive contributions to general and administrative expenses. Brixton's stock trades on the TSX Venture Exchange under the symbol BBB, on the OTC market as BBBXF, and on the Frankfurt Stock Exchange as 8BX1, with approximately 141 million shares traded in 2024 and 112 million shares traded year-to-date in 2025, with share prices ranging between $0.05 and $0.14.

Short and Long-term Plans

Brixton Metals has implemented a clear two-pronged strategy for its 2025 exploration season focusing on expanding near-surface gold mineralization while simultaneously drilling for new near-surface copper porphyry discoveries at its flagship Thorn Project. The company is fully funded for the 2025 exploration program and has commenced drilling operations with multiple drill rigs targeting high-priority zones including the Camp Creek Corridor, Trapper gold target, and the newly identified Catalyst copper-gold porphyry target. Short-term objectives include delivering steady news flow through ongoing drilling results, advancing the Thorn Project along the Lassonde Curve from discovery toward the institutional/strategic investment phase, and continuing to monetize non-core assets through existing option agreements. Long-term, Brixton aims to establish the Thorn Project as a significant copper-gold-silver district, potentially attracting major mining partners or acquisition interest, while maintaining a disciplined approach to capital allocation and shareholder value creation. The company's vision includes positioning itself to benefit from the expected supply gap in copper (projected to exceed 15 million tonnes by 2035) and the strong gold market characterized by record central bank purchases and increased M&A activity in the mining sector.

ESG Initiatives

Brixton Metals Corporation has demonstrated its commitment to Environmental, Social, and Governance principles through the initiation of an internal ESG review in 2022 and the ongoing development of a comprehensive ESG strategy. The company maintains a formal Code of Business Conduct and Ethics that mandates the highest standards of legal and ethical business conduct for all directors, officers, employees, and consultants. Brixton emphasizes honest and ethical dealings with all stakeholders, prohibits bribes and improper payments, limits gifts and favors to nominal values, and requires clear and precise communication in all business dealings. The company operates with strong corporate governance practices, including an audit committee that meets quarterly to review financial statements and discuss operational matters. Brixton has established partnerships with Indigenous communities, including the Taku River Tlingit and Tahltan First Nations for the Thorn Project, demonstrating its commitment to social responsibility and community engagement. The company's exploration activities are conducted with consideration for environmental stewardship, though specific environmental initiatives and metrics are still being developed as part of the broader ESG framework.

Summary Overview

Brixton Metals Corporation represents a compelling investment opportunity in the junior mining sector, combining a flagship district-scale exploration project with strategic partnerships and a clear path to value creation. The company's Thorn Project in British Columbia's Golden Triangle offers significant potential for copper, gold, and silver discoveries, supported by excellent infrastructure and ongoing drilling success. With a strong management team, no debt, and strategic backing from BHP, Brixton is well-positioned to advance its projects through the exploration cycle. The company's monetization strategy for non-core assets provides non-dilutive funding while maintaining focus on its flagship project. Despite a relatively short cash runway of approximately 12 months, Brixton is fully funded for its 2025 exploration program and benefits from option payments that support general operations. The company's commitment to ESG principles, strong corporate governance, and partnerships with Indigenous communities demonstrate responsible business practices. As the mining industry faces increasing demand for critical minerals and potential supply shortages, Brixton Metals Corporation stands poised to unlock significant shareholder value through the systematic exploration and development of its promising mineral assets.