Bravo Mining Secures C$86M War Chest for Brazilian PGM-Copper Project

TORONTO, ON – January 20, 2026 – In a powerful display of investor confidence, Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) today announced the successful closing of a significantly oversubscribed public offering, raising gross proceeds of C$86.273 million. The capital injection is poised to accelerate the development of the company’s flagship Luanga platinum group metals (PGM) and copper-gold project in Brazil’s prolific Carajás Mineral Province.

The financing, co-led by industry heavyweights BMO Capital Markets and National Bank Capital Markets, saw the issuance of 19,607,500 common shares at a price of C$4.40 per share. The strong market appetite for the offering triggered the full exercise of the underwriters' over-allotment option, maximizing the funds raised and signaling robust support for Bravo's strategy and assets.

This substantial treasury boost places the Canadian and Brazil-based explorer on solid financial footing to aggressively advance the Luanga project, a move that comes at a pivotal moment for both the company and the global commodities market.

A Signal of Strong Investor Confidence

The success of an oversubscribed offering, particularly in the often-volatile junior mining sector, speaks volumes about market sentiment. For Bravo, this outcome is not an isolated event but rather the culmination of a period of strong performance and strategic progress. The company’s stock (TSXV: BRVO) has been a standout performer, posting a remarkable gain of over 167% in the past year, significantly outpacing both the broader Canadian market and the metals and mining industry index.

The offering price of C$4.40 per share was set near the upper end of the stock's recent trading range, yet demand still outstripped supply. This indicates that investors see significant upside potential remaining, even after the stock's recent run-up. The involvement of top-tier underwriters further burnishes the deal's credibility. BMO Capital Markets, in particular, has established itself as a dominant force in the sector, leading the metals and mining M&A advisory rankings for 2025 in both deal value and volume. Their leadership on this financing lends a stamp of institutional approval that has clearly resonated with the market.

“An oversubscribed deal of this magnitude is a clear vote of confidence in the asset, the jurisdiction, and the management team,” noted a market analyst familiar with the mining sector. “It provides Bravo not just with capital, but with crucial momentum and flexibility as they move to de-risk and advance the Luanga project towards development.”

Fueling Ambitions in a Bullish Metals Market

The timing of the financing could not be more opportune. Bravo is advancing its project against the backdrop of a red-hot commodities market, particularly for the metals found at Luanga. Copper prices surged to near all-time highs in late 2025 and early 2026, consistently trading above US$13,000 per metric ton. This rally is underpinned by powerful secular trends, including the global energy transition—which requires vast amounts of copper for electric vehicles, renewable energy infrastructure, and grid modernization—and the explosive growth of AI-driven data centers, which are notoriously copper-intensive.

Simultaneously, the PGM market is experiencing its own supply-side pressures and robust demand. The platinum market is forecast to remain in a structural deficit for the third consecutive year, with analysts projecting prices to average around US$1,550 per ounce in 2026. Production challenges in major supplier South Africa, coupled with resilient demand, are keeping the physical market exceptionally tight. Palladium and rhodium, also key components of the Luanga deposit, are benefiting from similar supply-demand fundamentals.

This bullish macro environment creates a powerful tailwind for Bravo. The C$86 million in proceeds allows the company to fund extensive exploration and development work at a time when the potential economic returns from a successful discovery are magnified by high metal prices.

The Luanga Project: A Strategic Asset in Brazil's Mineral Heartland

At the heart of the story is the Luanga project itself. Located in Pará State, Brazil, the project lies within the world-renowned Carajás Mineral Province, a district famous for its large-scale iron ore, copper, and gold deposits. Bravo’s project is a significant PGM-gold-nickel deposit, with the company also actively exploring for associated copper-gold systems.

The project benefits from its location on mature freehold farmland with excellent access to infrastructure, including roads, rail, and hydroelectric power—critical advantages that can significantly reduce the capital costs and timeline for potential mine development. The shallow nature of the mineralization also suggests the deposit could be amenable to lower-cost open-pit mining methods.

Bravo has been diligently working to define and expand the resource. In April 2025, the company filed an updated NI 43-101 technical report that showed an increase in both tonnes and grade, cementing Luanga’s status as a globally significant, undeveloped PGM project. This technical work was further validated in March 2025 when the project was granted its preliminary environmental license, a key permitting milestone on the path to production.

The company is managed by a team with deep roots in the Carajás region, boasting a proven track record of taking a greenfield project from discovery through to production. This on-the-ground experience is invaluable for navigating the operational and regulatory landscape in Brazil. In line with modern mining practices, Bravo has also integrated ESG initiatives into its early-stage work, including a program to plant over 50,000 trees and a commitment to local hiring and contracting.

With its balance sheet now fortified, Bravo Mining is expected to direct the proceeds toward a multi-pronged strategy to accelerate its progress at Luanga. This will likely include further drilling to expand the known resource, advanced metallurgical testing to optimize processing, and detailed engineering and environmental studies required for the next stages of permitting. The successful financing has effectively cleared the runway for Bravo to take flight, transforming it from a promising explorer into a well-funded developer with a clear path forward in one of the world's most exciting mineral belts.