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BWR Exploration Inc. (BWR.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.03500.0000 (0.00%)
At close: 2:15PM EDT
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Previous Close0.0350
Open0.0350
Bid0.0350 x 0
Ask0.0400 x 0
Day's Range0.0350 - 0.0350
52 Week Range0.0200 - 0.0600
Volume190,000
Avg. Volume112,609
Market Cap3.133M
Beta (5Y Monthly)2.84
PE Ratio (TTM)N/A
EPS (TTM)-0.0100
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • BWR Exploration Inc. Announces Two Non-Brokered Offerings of Flow-Through and Super Flow-Through Units in Manitoba and Quebec
    GlobeNewswire

    BWR Exploration Inc. Announces Two Non-Brokered Offerings of Flow-Through and Super Flow-Through Units in Manitoba and Quebec

    TORONTO, March 19, 2021 (GLOBE NEWSWIRE) -- BWR Exploration Inc. (TSX.V: BWR) (“BWR” or the “Company”) announces that it has initiated two simultaneous non-brokered unit offerings, including an offering in Quebec (the “Quebec Unit Offering”) of up to 4,000,000 units, and an offering in Manitoba (the “Manitoba Unit Offering”, together with the Quebec Unit Offering, the “Offerings”) of up to 6,000,000 units (collectively, the “Units”) set out below at a price of $0.05 per Unit. Each Unit will consist of one common share (a “Common Share”) of the Company and one-half Common Share purchase warrant. Two one-half Common Share purchase warrants comprise one Common Share purchase warrant (a “Full Warrant”) of the Company. Each Full Warrant will expire 36 months from the date of issue (the “Full Warrant Expiry Date”) and will entitle the holder thereof to purchase one Common Share (a “Full Warrant Share”) at a price of $0.075 per Full Warrant Share within 24 months from the closing of the Unit Offering and for the period that is for 24 months plus one day from closing of the Unit Offering until the Full Warrant Expiry Date at a price of $0.10 per Full Warrant Share. The Manitoba Unit Offering is for aggregate proceeds of up to $300,000. The Quebec Unit Offering is for aggregate proceeds of up to $200,000, resulting in aggregate proceeds of up to $500,000 from the Offerings. While the Offerings are being effected by the Company on a non-brokered basis, the Company may pay finder’s fees to arm’s-length third parties consisting of: (i) cash commission of up to 8% of the gross proceeds of the Offering; and (ii) broker warrants (“Broker Warrants”) in an amount up to 8% of the total number of Units issued under the Offering. Each Broker Warrant will entitle the holder thereof to purchase one Common Share of the Company at the exercise price of $0.075 for 12 months from the date of issue. The proceeds of the Manitoba Unit Offering will be used to advance and execute exploration programs (as defined in subsection 66.1(6) of the Income Tax Act (Canada)) on the Company’s Little Stull Lake project in Northeastern Manitoba. Such exploration expenses will also qualify as “flow-through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada). Investors resident in Manitoba may claim tax credits under the Income Tax Act (Manitoba). The proceeds of the Quebec Unit Offering will be used to advance and execute exploration programs (as defined in subsection 66.1(6) of the Income Tax Act (Canada)) on the Company’s Vendome Sud project in Northwestern Quebec. Such exploration expenses will also qualify as “flow-through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada). Investors resident in Quebec may claim additional tax deductions under Quebec’s Taxation Act. A statutory four month plus one day hold period will apply to all securities issued in connection with the Offerings. The Offerings are subject to TSX Venture Exchange and regulatory approval and the Company may elect to close both or any of the financings in various tranches. BWR Exploration Inc. is a public company focused on exploring for base and precious metals, with its flagship Little Stull Lake Gold Project in NE Manitoba along with other exploration projects in Northern Ontario, and Northern Quebec, Canada. Management of BWR includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector. There are currently 89,502,461 shares issued and outstanding in the Company. Neither the Toronto Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For more information about BWR please visit our website: http://www.bwrexploration.com or call/email: Neil Novak, P.Geo., President, CEO & Director, BWR Exploration Inc.82 Richmond St. E Toronto, ON M5C 1P1 Office: 416-848-6866nnovak@bwrexploration.com For information regarding this financing please contact:Carl Desjardins, Paradox Investor Services Inc.Cell: 514-618-4477carldesjardins@paradox-pr.ca

  • BWR Exploration Inc. Awarded Grant from Manitoba Mineral Development Fund
    GlobeNewswire

    BWR Exploration Inc. Awarded Grant from Manitoba Mineral Development Fund

    Highlights: * BWR has received notice that it will be receiving a $300,000 grant from the Manitoba Mineral Development Fund to advance its Little Stull Lake Gold Project; * MMDF is administered by the Manitoba Chambers of Commerce endeavouring to achieve and encourage mineral and economic development initiatives in Manitoba with Indigenous Communities. TORONTO, Jan. 07, 2021 (GLOBE NEWSWIRE) -- BWR Exploration Inc (the “Company” or “BWR”) (TSXV: BWR) is pleased to announce the Company has recently (December 30, 2020) received notice of the decision by the Board of the Manitoba Chambers of Commerce that a $300,000 grant from the Manitoba Mineral Development Fund (“MMDF”) will be provided to advance BWR’s Little Stull Lake Gold Project, located in Northeastern Manitoba. Prior to entering into a contribution agreement with the Manitoba Mineral Development Fund, BWR needs to provide confirmation of required permits and licensing from the Province of Manitoba for the proposed project and must also provide confirmation of additional funding for the project.BWR will be entering into discussion regarding the contribution agreement with the Manitoba Chambers of Commerce, over the next few weeks. It is anticipated that the contribution agreement will provide for 3 instalments of $100,000 each over the course of the proposed 2021/2022 exploration programs.“Advancing mineral exploration projects is critical to creating lasting economic benefits to communities in northern Manitoba,” said Chuck Davidson, President & CEO of the Manitoba Chambers of Commerce, and Chair of the Manitoba Mineral Development Fund Board, “MMDF is excited to support BWR Exploration’s Little Stull Lake Project and to see the future partnerships that emerge from this project.”Neil Novak, President and CEO, stated, “The generous grant from the Manitoba Mineral Development Fund represents a very strong endorsement by the Province for the Little Stull Lake Gold Project and the surrounding exploration area.” Mr. Novak continued, “We are pleased to see that the Manitoba government shares BWR’s vision of the economic potential that the Little Stull Lake Area has, that can create near and long-term jobs for the nearby communities of God’s River and God’s Lake Narrows, thus strengthening the provincial economy and establish mutually rewarding partnerships between Indigenous Communities and Mineral Exploration Companies, designed to stand the test of time.”The Little Stull Lake Gold Project is composed of 20 mineral claims (2,837 ha) surrounded by 2 extensive (36,006 ha) Mineral Exploration Licenses (“MEL”), collectively covering 38,843 hectares (388.43 square kilometres). The 20 mineral claims effectively cover the historically identified West Zone gold occurrence, as well as 6.4 kilometers of strike length of the Wolf Bay Shear Zone (“WBSZ”), hosting an additional 5 other historically identified gold occurrences; the two MEL’s cover much of the remaining exploration ground favourable for similar occurrences along a 40 kilometer WNW strike of the WBZ in Manitoba.The MMDF was launched by the Manitoba government in August 2020 with the specific goal of jump-starting mineral and economic development initiatives throughout the province with a focus on creating partnerships between First Nation communities and numerous Mining/Exploration companies looking to explore and develop projects in Manitoba with Indigenous community involvement. The MMDF aims to support new economic development opportunities that capitalize on Manitoba’s mineral endowment and infrastructure including the network of winter roads and trails, as well as power corridors that service Northern Manitoba.The Manitoba – First Nation Mineral Exploration and Development consultation protocol discussions have been ongoing for several years, and have resulted in only a few work permits being issued. This Provincial initiative and recent endorsement of BWR’s proposed early-stage exploration program at Little Stull Lake is a long awaited signal of support.Proceeds received from the grant will go directly to preparing the exploration camp located at Little Stull Lake for the arrival of an exploration crew for a 2021 exploration program that will eventually include several exploratory drill holes later in the year. Due to the Covid-19 pandemic and prior to the arrival of the drill crew and equipment, the existing camp needs to be upgraded and prepared to safely (Covid – 19 precautionary guidelines) house an exploration crew of up to 15 individuals. It is proposed that this camp upgrade will be done in partnership with Manto Sipi Cree Nation, details to be worked out in early 2021, once the pandemic in Northern Manitoba subsides allowing consultation to be concluded. BWR is in discussion with MSCN, who are currently endeavouring to create a Community owned camp and exploration service company that will provide exploration support services to mineral exploration companies.Once in the upgraded camp, BWR plans to accurately (within a few centimeters) relocate by high precision GPS surveying, many of the 219 historical drill holes, most of which are land based with collars still in place. Locating the historical holes will involve re-establishing the historical drill grid, and once each hole is located, BWR plans to complete down hole gyro surveying in accessible holes to support a 3D model of the historical, as well as future drill results. The recut drill grid in the vicinity of the 1.5 km long West Zone can also be used for a deep IP survey. The purpose of the IP survey will be to highlight zones of chargeability, resistance and conductivity piecing together zones of continuity based upon these geophysical attributes. These geophysical attributes will then be coupled with the accurately located historical drilling dataset, enhancing the 3D model and further delineating areas of geological continuity as needed for the creation of a maiden resource estimate for the West Zone, along with projections to depth (up to 400m) of any rendered zones of geophysical / geological interest.About BWR Exploration Inc.BWR Exploration Inc. (TSXV: BWR) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by the Little Stull Lake Project. Additionally, BWR has projects in Ontario (Shunsby Base metal project) located in the Porcupine Mining District, and in Quebec at its Vendôme Sud Project located in the Val d’Or Mining District of NW Quebec. Management of BWR includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector There are currently 89,502,461 shares issued in BWR ExplorationNeither the Toronto Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For information about BWR Exploration Inc. please visit our website: http://www.bwrexploration.comor call/email:Neil Novak, P.Geo., President, CEO & Director, BWR Exploration Inc. 82 Richmond St. E, Toronto, ON M5C 1P1 Office (416) 848 6866 nnovak@bwrexploration.com For additional information regarding BWR please contact:Carl Desjardins, Paradox Investor Services Inc. Cell: 514-618-4477 carldesjardins@paradox-pr.ca

  • BWR Exploration Inc. provides update on Little Stull Lake Gold
    GlobeNewswire

    BWR Exploration Inc. provides update on Little Stull Lake Gold

    TORONTO, Oct. 23, 2020 (GLOBE NEWSWIRE) -- BWR Exploration Inc. (TSXV:BWR) (“BWR”) exploration personnel, along with two members of Manto Sipi Cree Nation from God’s River, Manitoba, have recently completed a clean-up and base line site visit to the Little Stull Lake exploration camp, located in NE Manitoba, in anticipation of a proposed exploratory drilling program, that BWR is planning during the winter of 2020/21. Chief and Council of Manto Sipi Cree Nation (“MSCN”), in consultation with BWR as well as the Province of Manitoba, requested that the Little Stull Lake exploration camp undergo a clean-up program, as there was concern from community members on how the camp had been left by previous exploration campaigns. After 12 years of dormancy since the last drill program on the project, all remaining fuel drums (diesel fuel), have now been checked for leakage and have been re-purposed as furnace and stove oil and are now safely stored in a temporary poly berm. The old berm that was put in place in 2007 had deteriorated over the years; all empty fuel barrels and propane tanks have now been removed from the project and have been disposed of properly. While in the camp (October 12-17) a soil sampling survey to test for contaminants related to improper fuel storage was also completed. Several soil samples were collected in and around the fuel storage area which will be analyzed for petroleum products to determine the extent, if any, of contamination by a laboratory in Winnipeg. The environmental and site visit report will be submitted to MSCN’s Chief and Council once the analyses of the samples become available, along with any remediation recommendations. In addition to the clean-up and soil sampling, one member of the MSCN community visited several of the proposed drill site locations accompanied by BWR’s geologist, and the member now has a better understanding of the environmental disturbance that exploratory drilling poses, and what historical drill sites look like after a decade of natural regrowth, that he can share with his community.Over the past few years, BWR has shown high respect for the process and the confidential nature of the negotiations and discussions that are being held between the Province and both communities. BWR has been in consultation with the Manitoba Ministry of Agriculture and Resource Development (“ARD”) working alongside the Ministry of Indigenous and Northern Relations (“INR”) prior to and since their announcement of November 21, 2019, where Minister Blaine Pedersen and Minister Eileen Clarke signed a new consultation protocol agreement with former Chief Oliver Okemow of the MSCN. The signing was followed by several months of negotiations that eventually lead to the request by the newly elected Chief (Chief John Ross) and Council to have BWR complete an initial base line and environmental site visit.BWR was advised in early January 2020 by ARD that consultation between BWR, MSCN and the Province was ready to advance, however it involved several meetings, some of which would need to be held in the community. The first “in-community-meeting” was held on January 24, 2020. A second in-community-meeting was planned for March 13, 2020, however this meeting was postponed due to unforeseen events including the Covid-19 pandemic with its related travel restrictions. All travel in and out of northern Manitoba communities was prohibited and restricted to emergency personnel only in mid-March 2020, since then phase 2 and 3 cautionary openings occurred in the spring and then summer when local travel could resume to the northern communities, however, only residents of Manitoba and western Canada as well as northwest Ontario would be permitted to travel to northern regions of Manitoba as per phase 3 guidelines.The Little Stull Lake Gold project is located within the traditional territories of both God’s Lake First Nation (“GLFN”) and Manto Sipi Cree Nation (“MSCN”). These two communities are related but are separately governed, and as such BWR needs to respect their commonality as well as their individuality as Nations. BWR understood that the new consultation protocol agreement signed in late 2019 addressed some, but not all of the outstanding issues as they pertain to BWR’s proposed early stage exploration program on MSCN Treaty Land Entitlement selections, four of which overlap on BWR mineral claims in the Little Stull Lake Gold project area. BWR continues to support the objectives of the protocol consultation process and now anticipates engaging in relevant and consequential consultation with MSCN over the next while, involving but not limited to the creation of a partnership with the community, that will include implementing Covid-19 mitigation measures for use of the camp under the supervision of MSCN. Tightly monitored exploration should be able to advance under an early stage exploration work permit, allowing BWR to proceed with financing for the project for an exploratory drilling program in Q1 2021 anticipated to include the drilling of 2,000 meters in 10 holes, followed by additional exploration drilling (to be determined) during the spring/summer of 2021.BWR Exploration Inc. is a public company focused on exploring for base and precious metals, with its flagship Little Stull Lake Gold Project in NE Manitoba along with other exploration projects in Northern Ontario, and Northern Quebec, Canada. Management of BWR includes an accomplished group of exploration/mining specialists with many decades of operational experience in the junior resource sector. There are currently 89,502,461 shares issued in BWR Exploration.Neither the Toronto Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.For information about BWR Exploration Inc. please visit our website: http://www.bwrexploration.comor call/email: Neil Novak, P.Geo., President, CEO & Director, BWR Exploration Inc. 82 Richmond St. E, Toronto, ON M5C 1P1 Office (416) 848 6866 nnovak@bwrexploration.comFor additional information regarding BWR please contact:Carl Desjardins, Paradox Investor Services Inc. Cell: 514-618-4477 carldesjardins@paradox-pr.ca