Vancouver, British Columbia — January 19, 2026 — Leads & Copy — Brasnova Energy Materials Inc. (TSXV: BEM) has entered into a binding agreement with Bahia Graphite Corporation (BGC) to acquire a 50% interest in the BGC Gold Project.
According to the agreement (the “Option Agreement”), BEM can acquire the interest through earned equity ownership in BGC’s Brazilian gold subsidiary. The BGC Gold Project, spanning 3,935.25 hectares, is located in the same gold district as Pan American Silver’s Jacobina gold mining complex and Equinox Gold’s Santa Luz Bahia complex.
Under the terms of the Option Agreement, BGC grants BEM the option to acquire a 50% interest in the BGC Gold Project by advancing CA$500,000 to BGC over 24 months from the execution date. These funds will cover work expenditures and holding fees for the BGC Gold Project.
Upon BEM exercising the Option, BGC will transfer fifty percent equity ownership of Bahia Gold Corporation to BEM, representing the agreed interest in the Property.
Brasnova Energy Materials Inc. will concentrate its work programs during the first half of 2026 on the 100% owned Jucurutu Iron Oxide Copper Gold (IOCG) Project in Rio Grande do Norte, Brazil, and the BGC Gold Project in Bahia.
BEM also announced a non-brokered private placement financing to raise gross proceeds of up to $750,000. The financing will consist of up to 7.5 million units at 10 cents per unit. Each unit includes one common share of the Company and one common share purchase warrant. Each warrant can be exercised for an additional common share at 20 cents for 24 months.
The warrants are subject to acceleration if the company’s shares trade at or above 50 cents for 10 consecutive trading days. Finders’ fees may apply, following TSX Venture Exchange policies. The proceeds from the financing will be allocated to project payments, acquisitions, exploration and development, and working capital expenditures.
Brasnova Energy Materials Inc. has cancelled its previously announced $0.20 private placement financing, initially disclosed in the Company’s August 6, 2025, news release.
Maria Conejo, Director
info@brasnovaem.com
Source: Brasnova Energy Materials Inc.
