08:32 AM EST, 11/24/2025 (MT Newswires) -- Brunswick Exploration ( BRWXF ) said Monday that it plans to commence a lithium exploration campaign in Saudi Arabia in the first half of 2026.

As an initial entry step, Brunswick said it was awarded an exploration license in Saudi Arabia, making it the first hard-rock lithium company to embark on a country-wide systematic exploration program in the kingdom.

"Following the completion of our grassroots campaign in Greenland, we have continuously sought to utilize and leverage our unique lithium exploration expertise and Saudi Arabia is an under-explored jurisdiction for lithium with exceptional potential," President and Chief Executive Officer Killian Charles said.

"Importantly, prospecting in Saudi Arabia is preferentially executed during the seasonally colder months in Canada and Greenland, allowing BRW to generate prospecting results twelve months of the year," he added.

Brunswick's share price dropped 12% on Friday to C$0.145 on the TSX Venture Exchange.