Expect to see more M&A and consolidation in the lithium exploration space in North America as the push to shore up critical minerals supply continues to direct investment activities and government incentives, according to Brunswick Exploration (TSXV:BRW,OTCQB:BRWXF) President and CEO Killian Charles.
The company executive emphasized how exploration companies with promising assets in good jurisdictions could catch investors’ attention and potentially consolidate.
“We saw a significant amount of consolidation and M&A in Western Australia over the last 10 years,” Charles said. “The space is going to be doing the exact same thing in North America. There’s frankly no difference as to why you wouldn’t see that same amount of M&A activity. And companies that have good assets in strong jurisdictions — which is … what I think Brunswick Exploration has — we will stand to gain from that benefit.”
Brunswick Exploration started a Phase 2 drilling campaign at its Mirage project on January 22; it is targeting extensions of known pegmatite dykes and new prospective outcrops that have yet to be drill tested.
“We want to demonstrate this year that … Mirage is economically significant, it has a chance of being a mine,” he said. “So that means lots of drilling, lots of prospecting … It’s going to be a busy year. Lots to do on the docket.”
Watch the full interview with Brunswick Exploration President and CEO Killian Charles above.
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