TORONTO, Ontario — January 13, 2026 — Leads & Copy — Bravo Mining Corp. has announced an agreement with a syndicate of underwriters to purchase common shares for gross proceeds of approximately C$50 million.
The agreement, led by BMO Capital Markets and National Bank Capital Markets, involves the underwriters purchasing 11,365,000 common shares at a price of C$4.40 per share on a bought deal basis.
The underwriters have been granted an option to purchase up to an additional 15% of the offering to cover over-allotments, which can be exercised for 30 days following the closing of the offering.
Bravo Mining Corp. has also entered a non-binding indicative term sheet with Orion Mine Finance Management LLP, in which a fund managed by Orion will subscribe for 7,897,727 common shares at the offering price for gross proceeds of C$34,750,000 via a non-brokered private placement.
The company anticipates entering a participation rights agreement with Orion, granting Orion the right to participate pro rata in future equity offerings and to match any offer to provide project financing, acquisition financing, or production-linked financing to the company.
Orion intends to commit up to US$300 million of financing support, subject to mutually agreed milestones and conditions, by providing an indicative non-binding term sheet proposal in the form of equity, debt, and other financing instruments.
The private placement is subject to the completion of the offering and approvals of the TSX Venture Exchange. The offering is not contingent upon the consummation of the private placement.
The net proceeds from the offering and private placement will be used to advance the Luanga PGM+Au+Ni Project through a preliminary feasibility study and potentially a full feasibility study. Funds will also be used to expand mineral resources, explore iron oxide copper gold (IOCG) mineralization, and for general working capital.
Bravo Mining Corp. will file a prospectus supplement to its short form base shelf prospectus dated December 22, 2025, with securities regulatory authorities in each of the provinces of Canada (except Québec). Copies of the shelf prospectus are available on SEDAR+ at www.sedarplus.ca, and the supplement will be available there within two business days.
Electronic or paper copies of the shelf prospectus and supplement may be obtained without charge in Canada from BMO Nesbitt Burns Inc. or National Bank Financial Inc.
Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga Project in the Carajás Mineral Province, Para State, Brazil.
Bravo’s current Environmental, Social and Governance activities include planting more than 50,000 high-value trees in and around the project area and hiring and contracting locally.
Copies of the Shelf Prospectus can be found, and the Supplement to be filed in connection with the Offering will be available (within two business days of the date hereof), under the Company’s profile on SEDAR+ at www.sedarplus.ca. Electronic or paper copies of the Shelf Prospectus and the Supplement, when available, may be obtained in Canada, without charge, from BMO Nesbitt Burns Inc., Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca, or from National Bank Financial Inc. at 130 King Street West, 4th Floor Podium, Toronto, Ontario, M5X 1J9 by telephone at 416-869-8414, or email at NBF-Syndication@bnc.ca by providing an e-mail address or address, as applicable.
The Common Shares have not been and will not be registered under the United States Securities Act of 1933.
Bravo is one of the most active explorers in Carajás. The team, comprising of local and international geologists, has a proven track record of PGM, nickel, and copper discoveries in the region. They have successfully taken a past IOCG greenfield project from discovery to development and production in the Carajás.
The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and hydroelectric grid power.
Source: Bravo Mining Corp.
