07:54 AM EDT, 10/17/2024 (MT Newswires) -- Brunswick Exploration ( BRWXF ) reported Thursday multiple high spodumene grain counts in till samples collected on the Anatacau West property in Quebec.

The company said results include up to 1,225 spodumene grains in a single sample.

Brunswick noted that Anatacau is located near the James Bay lithium project owned by Arcadia Lithium, which was recently acquired by Rio Tinto.

"With the recent announcement of Rio Tinto's acquisition of Arcadium, the Anatacau West project is strategically positioned to benefit from any advancement at the James Bay lithium project," President and CEO Killian Charles said. "Our work in 2023 was initially focused on the known showing on the western edge of the property where pegmatites found on Arcadium's claims continue onto the Anatacau West project."

Brunswick made the announcement after its share price fell 11% yesterday to $0.235 on the TSXV.