20254 releases
BWR News Release re AGM Results
Shareholders of BWR Exploration and Electro Metals and Mining approved the proposed amalgamation, a reverse takeover of BWR by Electro, along with auditors, directors, a shares-for-debt transaction, name change, share consolidation and equity incentive plan. First tranches of the concurrent financing closed, with Electro issuing 777,689 FT Units for $202,199 gross and 635,000 HD Units for $127,000 gross, plus finder fees of $12,053.55 and 51,207 broker warrants. The transaction is expected to close on or about January 31, 2026.
CorporateBWR News Release re AGM TSX edits nn
Shareholder meetings for BWR Exploration and Electro Metals and Mining have been set for December 31, 2025, to approve the proposed amalgamation and reverse takeover of BWR by Electro, with a BWR record date of November 21, 2025 and closing expected on or about January 31, 2026. BWR will issue one post-consolidation share per Electro share, implying $0.021 per pre-consolidation BWR share. A concurrent financing will raise $1.6–2.25 million in flow-through units at $0.26 and $1.6–1.75 million in hard dollar units at $0.20.
CorporateBWR Comprehensive News Release
An amalgamation agreement dated August 19, 2025 has been signed with privately held Electro Metals and Mining Inc., replacing the prior letter of intent, under which BWR will consolidate its shares 1-for-9.5 and issue one post-consolidation share per Electro share, leaving BWR holders with about 26% and Electro holders about 74% of the renamed Electro Metals Corp. Closing is conditional on concurrent Electro financings of up to $1,500,000 in hard dollar units at $0.20 and up to $2,250,000 in flow-through units, plus shareholder and TSXV approval. BWR shares are expected to resume trading August 25, 2025.
NewsPress release BWR Electro
Electro Metals and Mining Inc. has raised $126,000 through the issue of 787,500 units at $0.16, above its $120,000 minimum, under bridge financing tied to the proposed reverse takeover of BWR Exploration announced December 27, 2024. Electro also paid the $100,000 annual option payment and issued 4 million shares to the Optionor of the Magusi-Fabie Bay property, meeting the January 31, 2025 deadline. BWR closed a first tranche of $40,000 toward its $100,000 minimum/$180,000 maximum raise at $0.02 per unit; combined raises total $166,000 of the $220,000-$300,000 target.
News
20242 releases
Press release BWR Electro
A binding letter of intent dated December 24, 2024 has been signed with Electro Metals and Mining Inc. for a business combination that would result in the reverse takeover of BWR by Electro, with BWR shares deemed at $0.025 and Electro shares at $0.20, and a 1-for-8 BWR share consolidation. Electro's main asset is the Fabie-Magusi copper-zinc-silver-gold project near Rouyn-Noranda, Quebec, optioned from Globex for $3,500,000 cash, 6,000,000 shares and $8,350,000 in expenditures. Combined bridge financings of up to $300,000 are planned to close by January 31, 2025; BWR shares are halted.
NewsBWR News Release Plans to Adjourn AGM 2024
BWR Exploration plans to adjourn its Annual General and Special Meeting of Shareholders to May 30, 2024 at 11:30 am Toronto time, to be held virtually via Microsoft Teams. The record date remains the close of business on April 15, 2024, and shareholders have until May 28, 2024 to vote their proxy. Previously submitted proxies accepted by the Chair remain valid for the new meeting date.
Corporate
20232 releases
BWR Closes of Private Placement
A non-brokered unit offering closed for aggregate gross proceeds of $137,040 through the issue of 4,568,000 units at $0.03 per unit, comprising a first tranche of 1,868,000 units and a second tranche of 2,700,000 units, with no finders' fees. Each unit includes one common share and one-half warrant, with full warrants exercisable at $0.06 within 24 months and $0.10 thereafter until expiry 36 months from issue. Proceeds will fund general corporate purposes and exploration, focused on the Little Stull Lake Gold project in Northeastern Manitoba. Insiders took 300,000 units in the first tranche; the offering is subject to TSX Venture Exchange approval.
FinancingBWR Tranche One Closes and Extension of Private Placement
A first tranche of 1,868,000 units at $0.03 per unit closed for gross proceeds of $56,040, with no finders' fees paid; insiders took 300,000 units. Each unit includes one common share and one-half warrant, with full warrants exercisable at $0.06 for 24 months and $0.10 thereafter until expiry 36 months from issue. The closing of additional tranches was extended to no later than February 8, 2023, targeting aggregate proceeds of up to $240,000, directed largely to the Little Stull Lake Gold project in Northeastern Manitoba.
Financing
20221 release
BWR Announcing Private Placement
A non-brokered offering of up to 8,000,000 units at $0.03 per unit for aggregate proceeds of up to $240,000 has been initiated, with each unit comprising one common share and one-half warrant. Each full warrant is exercisable at $0.06 within 24 months of closing and $0.10 thereafter until expiry 36 months from issue. Proceeds will fund general corporate purposes and exploration, focused on the Little Stull Lake Gold project in Northeastern Manitoba; closing is expected on or about December 15, 2022.
Financing