Bravo Announces Closing of C$28.5 Million Private Placement and Entry into an Investment Agreement with Orion Mine Finance

On April 6 2026 Bravo Mining Corp. announced the closing of a C$28.5 million private placement with Orion Mine Finance, issuing 7,010,294 common shares at C$4.071 per share (gross proceeds ≈C$28.53 M). After payment of a 5 % finder’s fee the pro‑forma cash position rises to roughly C$134 million. Concurrently Bravo entered an investment agreement with Orion that grants Orion indicative rights to provide up to US$300 million of additional financing (equity, debt or other instruments) upon milestone achievement, a right‑of‑first‑refusal to match any project‑linked financing/offtake offers, and the ability to acquire up to 10 % of any Luanga royalty Bravo may obtain. The net proceeds will fund advancement of the Luanga PGM+Au+Ni project toward a preliminary feasibility study (PFS) in Q3 2026 and potentially a full feasibility study in 2027, resource expansion, IOCG‑style copper‑gold exploration and Ni‑PGM massive sulphide work, plus general working capital.

The financing closes a previously announced private placement (first disclosed in the January 13 2026 term sheet) and formalises the Orion investment agreement that was already outlined in that earlier release. While the deal strengthens the balance sheet materially—adding roughly C$105 million of net cash after fees—and secures a potential future funding line of up to US$300 million, the terms (price per share based on Jan‑Apr 2026 VWAP) and the size were largely in line with market expectations set by the January announcements. No surprise element such as a new strategic investor or a substantially larger-than‑expected capital infusion is present. Consequently the news represents an expected, incremental positive development rather than a material game‑changer.

Bravo Mining Corp. is a Canadian‑listed explorer focused on the 100 % owned Luanga PGM+Au+Ni deposit located in the Carajás mineral province of Pará, Brazil. The project hosts a large‑scale, long‑life open‑pit palladium‑platinum‑rhodium‑gold‑nickel resource with measured & indicated reserves of 158 Mt at 2.04 g/t PdEq (10.4 Moz PdEq) and inferred resources of 78 Mt at 2.01 g/t PdEq (5.0 Moz). The Luanga asset is the company’s flagship and the basis for its Preliminary Economic Assessment (PEA) showing an after‑tax NPV of US$1.25 bn (Base Case) and US$1.86 bn (Alternate Vertically Integrated case) with IRR ≈49 %. Bravo also maintains a Copper‑Gold Exploration Division to pursue IOCG‑style targets on the same land package.