Investment Highlights
- Thorn Flagship Project (BC, Canada): One of the largest exploration areas in North America (2,945 km²) with significant copper, gold, and silver discoveries. BHP is a strategic shareholder.
- Strong Drill Results: Excellent intercepts from the Camp Creek copper target (554 m @ 1.02% CuEq) and the Trapper gold target (64 m @ 5.74 g/t Au).
- Diversified Project Portfolio: Interests and exploration rights in Canada and the USA – including Hog Heaven (optioned to Ivanhoe Electric), Langis (Ontario), and Atlin Goldfields (optioned to Eldorado Gold).
- Solid Partnerships: Several projects are being advanced by leading industry players, which reduces exploration risk and creates potential for royalty revenues.
- Experienced Management Team: Executives with proven experience in the development, financing, and operation of mining projects worldwide.
- Focus on Future Metals: Clear alignment with copper, silver, gold, and cobalt – raw materials essential for electrification, energy transition, and industrial development.
Company & Strategy
Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) is a Vancouver-based exploration company focused on precious and base metals. The company owns four core projects in North America and pursues a clear strategy: the systematic expansion of deposit potentials through targeted drilling programs and strategic partnerships with industry leaders.
The main focus is on the Thorn Project in British Columbia, an extensive, 100% company-owned area with numerous porphyry and epithermal target zones. In parallel, Brixton leverages partnerships – such as with Ivanhoe Electric (Hog Heaven) and Eldorado Gold (Atlin) – to advance projects with capital and technical expertise.
Through this strategy, Brixton combines active exploration growth with low-risk revenue from interests, which provides shareholders with long-term leverage across multiple commodity cycles.
Market Environment
Copper, Gold, and Silver in a Structural Uptrend
Copper is considered a key metal for the global energy transition – from electric vehicles to power grids. Forecasts indicate a growing supply gap, as new projects require time and capital. In this context, Brixton’s Thorn Project, with its large copper-gold-silver systems, gains strategic importance.
Gold remains a central store of value amidst high geopolitical uncertainties and inflation risks. Silver benefits twofold – as a precious metal and as a critical component for photovoltaics and electronics.
North American Location Advantage
Brixton’s projects are located exclusively in politically stable and resource-friendly regions of Canada and the USA. British Columbia, Ontario, and Montana are among the best mining regions worldwide, with excellent infrastructure, access to labor, and clearly defined permitting processes.
This geographical positioning gives Brixton a clear competitive advantage over explorers in less stable jurisdictions.
Project Portfolio
Thorn Project (Copper, Gold, Silver) – British Columbia, Canada
The Thorn Project is by far Brixton Metals’ most important asset. With an area of 2,945 km², it is one of the largest exploration areas in Canada. The project is located 90 kilometers northeast of Juneau (Alaska) and only 40 kilometers from tidewater – a logistical advantage for future development.
The geological setting comprises a volcanic-plutonic complex system from the Triassic to the Eocene, hosting several types of porphyry and epithermal mineralization. This geological diversity offers potential for multiple deposit types within the same district.
BHP – one of the world’s largest raw materials companies – is a strategic shareholder, thereby underscoring the project’s quality and potential.
Exploration Results
Brixton has conducted an extensive drilling program at Thorn over several years. Outstanding results include:
- Camp Creek Copper Target: 554 m @ 1.02% CuEq and 821 m @ 0.54% CuEq
- Trapper Gold Target: 64 m @ 5.74 g/t Au and 8 m @ 11.37 g/t Au
Latest drill results from 2025 include 38.5 m @ 4.07 g/t Au, including 1.85 m @ 39.61 g/t Au. The zone remains open in multiple directions.
(Fig. 1: Location and Target Zones of the Thorn Project in British Columbia)
Previous work indicates the potential for a large-volume, polymetallic system that includes both high-grade gold veins and large-scale copper porphyry zones.
Hog Heaven Project (Silver, Gold, Copper, Lead, Zinc) – Montana, USA
The Hog Heaven Project is an advanced exploration project owned by Brixton, which has been optioned to Ivanhoe Electric Inc. (led by Robert Friedland). The earn-in deal, valued at $44.5 million USD, grants Ivanhoe up to a 75% project interest, provided the agreed obligations are met within eleven years.
Historically, between 1929 and 1975, 6.87 million oz silver, 3,300 oz gold, 33.7 million lb lead, and 0.4 million lb copper were produced from 0.29 million tonnes of ore – with an average silver grade of 23.6 oz/t.
Modern Exploration by Ivanhoe Electric
Since 2022, Ivanhoe Electric has been conducting systematic drilling, supported by its proprietary electromagnetic Typhoon™ system. By April 2024, over 13,500 m had been drilled. The results identify new mineralized zones at depth, including:
- 82 m @ 0.63% Cu, 0.32 g/t Au, 37.76 g/t Ag
including 15.75 m @ 1.97% Cu, 0.72 g/t Au, 97.1 g/t Ag
These results confirm the presence of a deep-seated copper porphyry system, located beneath historically mined epithermal deposits.
(Fig. 2: Overview of Drill Targets in the Hog Heaven District)
Langis Project (Silver, Cobalt, Nickel) – Ontario, Canada
The Langis Project is a brownfield exploration and development opportunity focused on high-grade silver-cobalt-nickel mineralization. It is located approximately 500 km north of Toronto and 20 km north of a cobalt refinery, with excellent infrastructure – including road, power, rail, and mill access.
Drilling has demonstrated exceptionally high grades, such as:
- 9 m @ 1,037 g/t Ag, including 4 m @ 2,043 g/t Ag
- 7 m @ 0.37% Co, including 4 m @ 0.60% Co
- Further intercepts with up to 9.01% Co over 0.5 m
Metallurgical tests showed silver and cobalt recoveries between 88% and 98%, underscoring the potential economic viability.
(Fig. 3: Location of the Langis Project in Ontario)
Atlin Goldfields Project (Gold) – British Columbia, Canada
The Atlin Goldfields Project is located 9 km east of Atlin (BC) and covers an area of 579 km². It is the province’s second-largest historical placer gold region, with documented production of 600,000 oz gold (1898–1945) and an estimated additional 400,000 oz since then.
In 2024, the project was optioned to Eldorado Gold Corporation. Exploration efforts are focused on locating the source of the placer gold.
Historical drilling yielded outstanding results, including:
- 5.57 m @ 509.96 g/t Au (16.39 oz/t) at the Yellowjacket target
- Rock samples up to 293 g/t Au (LD Showing) and 53.6 g/t Au (Union Mountain)
The geology exhibits both orogenic and intrusion-related gold systems – indicating multiple potential sources of mineralization in the area.
(Fig. 4: Geological Map of the Atlin Goldfield)
Outlook
Brixton Metals is well-positioned to benefit from the increasing interest in North American copper and precious metal projects. Several milestones are planned for 2025 and beyond:
- Continued drilling programs at the Thorn Project, focusing on the expansion of the Camp Creek and Trapper zones.
- Results and drilling progress by Ivanhoe Electric at the Hog Heaven Project.
- Option revenues and potential royalty streams from partnerships with Ivanhoe Electric and Eldorado Gold.
- Further development of the Langis Project with a focus on resource definition and metallurgical optimization.
The combination of geological diversity, strong partners, and a strategically favorable position in the metal cycle provides Brixton with a robust foundation for future growth.
Management
Gary R. Thompson, P.Geo. – Chairman, President & CEO
Co-founder of Brixton Metals, over 25 years of experience in the raw materials industry (including Newmont, NovaGold, Encana). Previously led Sierra Geothermal Power until its acquisition by Ram Power (2010).
Cale Moodie, CPA, CA – Director & CFO
Co-founder of Brixton Metals, over 15 years of experience in public capital markets. Has facilitated over CAD 150 million in financing for raw materials and technology companies to date.
Michael Rapsch – Vice President, Investor Relations
Over 18 years of capital markets experience, including at SilverCrest Mines and SilverCrest Metals, where he was involved in the successful acquisition by First Majestic.
Ian Ball – Independent Director
Former President of McEwen Mining, responsible for production and exploration in Mexico, Argentina, and Nevada.
Randall Thompson – Independent Director
30 years of experience in mine operations in Canada, Australia, and the Middle East. Among other roles, he managed the Huckleberry Mine in BC.
Patrick Highsmith – Independent Director
Over 30 years of international experience (Newmont, BHP, Rio Tinto, Fortescue). Founder of several junior companies; currently CEO of Timberline Resources.
Conclusion
Brixton Metals presents itself as a well-positioned exploration company with a clear focus on valuable and strategic metals in prime North American regions.
The Thorn Project offers the potential to develop into a significant polymetallic district – supported by BHP’s involvement. The portfolio is complemented by advanced projects such as Hog Heaven (with Ivanhoe Electric) and Langis, which offer both exploration and production potential. With an experienced management, strategic partnerships, and a stable financial base, Brixton Metals has all the prerequisites to create substantial shareholder value in the coming years and benefit from the structural uptrend in copper, gold, silver, and cobalt.
