Bravada Announces Increase to Previously-Announced Non-Brokered Private Placement

Bravada Gold Corporation (TSXV: BVA) has increased its previously announced non-brokered private placement from $1,000,000 to $1,600,000. The financing consists of 40,000,000 units at $0.04 per unit. Each unit includes one common share and one three-year share purchase warrant exercisable at $0.05. The proceeds are earmarked for the Pre-feasibility Study (PFS) of the Wind Mountain gold/silver deposit in Nevada, land-holding fees, and general working capital.

This news is Material - Positive for three reasons: - Capital Sufficiency: The 60% increase in the raise suggests stronger-than-anticipated investor demand and provides the necessary "cushion" to complete the PFS. Previous financings in early 2025 were smaller or cancelled, indicating a significant turnaround in the company’s ability to attract capital. - Valuation Validation: The raise is occurring at $0.04, an improvement over the $0.03 units issued in June 2025. This indicates the market is beginning to value the updated resource estimate provided in October 2024. - Project Advancement: The Wind Mountain project is transitioning from a speculative exploration asset to a development-stage asset. Moving toward a PFS is the primary requirement for reclassifying "indicated resources" into "probable reserves," which generally commands a higher market valuation.

Bravada Gold focuses on Nevada-based precious metals. Its flagship is the Wind Mountain Project, a past-producing mine (1989-1999) located in Washoe County. The project is an epithermal gold-silver deposit. - Resource Status: Updated 2024 figures showed a massive increase in inferred resources (up 292% for Au). This increase was primarily driven by "low-grade mineralization" becoming economic due to higher spot prices, rather than new major discoveries. - Stage: Advanced PEA moving toward PFS.