Northwire Canada EditionFriday, November 13, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Financings

Bravada Announces Non-Brokered Private Placement

Surviving on the Edge: Bravada Bets $1M Financing on Reclassifying Wind Mountain Resources

By The Northwire Desk — AI Analysis Dec 29, 2025 · 09:31 BVA · 0.04 Bravada Gold Corporation
Executive Summary

On December 29, 2025, Bravada Gold Corporation (TSXV: BVA) announced a non-brokered private placement to raise $1,000,000 through the issuance of 25,000,000 units at $0.04 per unit. Each unit includes one common share and one warrant exercisable at $0.05 for 36 months. The primary use of proceeds (60%) is to fund a Pre-feasibility Study (PFS) at the Wind Mountain gold/silver deposit in Nevada. Other uses include land-holding fees (17%) and general working capital (23%). This follows the October 2025 filing of an updated Preliminary Economic Assessment (PEA) and Resource Estimate.

Material Impact
  • PFS Progression: The financing is materially positive as it provides the necessary capital to move Wind Mountain from the PEA stage to the PFS stage. Management notes a PFS is required to begin mine permitting in Nevada.
  • Resource Sensitivity: The recent resource update (Oct 2025) showed a massive 292% increase in Inferred gold resources. Critically, this increase was primarily driven by adopting a higher gold price model ($2,400/oz) which allowed previously classified "waste" to be categorized as "mineralization."
  • Shareholder Dilution: The placement of 25M shares represents a significant dilution (approx. 13% of the pro-forma shares outstanding).
  • Cost of Survival: The allocation of 17% of proceeds just to maintain land-holding fees and 23% to general working capital (which includes 14% to non-arm's length parties per previous releases) indicates a high burn rate relative to development spending.
BVA · Price
Company Overview

Bravada Gold is a Nevada-focused explorer. Its flagship is the Wind Mountain Project, a past-producing open-pit, heap-leach mine (AMAX/Kinross). - 2025 Resource Update: Indicated 33.6M tons @ 0.011 oz/t Au and 0.320 oz/t Ag. - Inferred Resource: Increased to 4.2M tons (up from 1.08M tons in 2022). - Economics: The 2022 PEA (lower gold price) showed an After-tax NPV (5%) of $46.1M and 38% IRR. The 2025 update claims potential for a 10-year mine life.

Read the original news release →

More from Bravada Gold Corporation

Oct 16, 2026 · 07:31

Bravada’s Nevada project delivers a 60% internal rate of return and $415 million net present value on a low-cost heap-leach plan.

Technical Study Aug 31, 2026 · 07:31

Bravada’s updated Wind Mountain PEA shows a $415m NPV, though the inferred-heavy plan lacks funding.

Technical Study Aug 05, 2026 · 07:31

Bravada has commenced drilling at Wind Mountain ahead of the scheduled Q3 Preliminary Economic Assessment release.

Drill Results Jun 15, 2026 · 07:31

Bravada Gold advances Wind Mountain engineering studies and targets a Q3 preliminary economic assessment release during its leadership transition.

Production / Operations Jun 08, 2026 · 07:31

Bravada Gold swaps leadership as its Wind Mountain project nears completion of a preliminary feasibility study.

Financings Feb 24, 2026 · 07:31

Bravada Announces Consolidation; Updates PFS Status at Wind Mountain

Other