TORONTO, Ontario — January 13, 2026 — Leads & Copy —
Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF) has increased the size of its previously announced bought deal of common shares due to strong demand. The offering will now consist of 17,050,000 common shares at a price of C$4.40 per share, resulting in gross proceeds of approximately C$75 million. The company had initially entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and National Bank Capital Markets.
The underwriters have been granted an option, exercisable for 30 days after the offering’s closing, to purchase up to an additional 15% of the offering to cover any over-allotments. The offering is expected to close around January 20, 2026, pending customary closing conditions, including the necessary approvals from the TSX Venture Exchange.
Bravo Mining has also entered a non-binding indicative term sheet with Orion Mine Finance Management LLP, outlining that a fund managed by Orion will subscribe for 7,897,727 common shares at the offering price. This concurrent private placement will generate gross proceeds of C$34,750,000 on a non-brokered basis.
As part of the concurrent private placement, Bravo Mining is expected to enter into a participation rights agreement with Orion. This agreement would give Orion the right to participate pro rata in future equity offerings by Bravo and the right to match any offers for project, acquisition, or production-linked financing.
Subject to agreed milestones, conditions, and other customary requirements, Orion intends to commit up to US$300 million in financing support. This support would be provided through an indicative non-binding term sheet proposal that includes equity, debt, and other financing instruments, following notification of the milestones being met.
The concurrent private placement is subject to customary conditions, including the completion of the offering and all necessary approvals from the TSX Venture Exchange. However, the offering is not contingent upon the consummation of the private placement.
Bravo Mining intends to use the net proceeds from the offering and the concurrent private placement to advance its Luanga PGM+Au+Ni Project through a preliminary feasibility study and potentially a full feasibility study. Funds will also be used to expand the mineral resources associated with the Luanga Project, continue exploration and evaluation of iron oxide copper gold (IOCG) style mineralization, and explore Ni-PGM rich massive sulphides within the Luanga property. The remaining funds will be allocated for general working capital purposes.
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 province of Canada (except Québec) in connection with the offering. Copies of the Shelf Prospectus are available, and the Supplement will be available within two business days, on SEDAR+ at www.sedarplus.ca. Electronic or paper copies of the Shelf Prospectus and the Supplement can be obtained without charge in Canada from BMO Nesbitt Burns Inc. or National Bank Financial Inc.
The Luanga Project is located on freehold farming land, near operating mines and a mining-experienced workforce. It has access to infrastructure, including road, rail, and hydroelectric grid power. Bravo’s Environmental, Social and Governance activities include planting more than 50,000 high-value trees and local hiring and contracting.
Luis Azevedo, Chairman and CEO
Alex Penha, EVP Corporate Development
T: +1-416-509-0583
info@bravomining.com
Source: Bravo Mining Corp.
