Bravo Mining Welcomes Presidential Decree Creating the Barcarena Export Processing Zone (ZPE)
Bravo's Brazilian PGM Project Gets Presidential Push as Processing Zone Becomes Law
The most recent news (January 26, 2026) announces that a Presidential Decree (No. 12,823) has formally created the Barcarena Export Processing Zone (ZPE) in Pará, Brazil. Bravo Mining has been selected as the anchor tenant for this zone. The ZPE provides a differentiated regulatory, tax, and customs regime designed to promote industrialization, exports, and value-added processing. The company states this decree materially advances regulatory certainty for its "Alternate Case" development scenario from its July 2025 PEA, which contemplates local processing and vertical integration at the ZPE. The news release links this development to the recently closed C$86 million oversubscribed equity financing and notes the current 4PGE basket price is approximately 60% higher than the price used in the PEA.
This news is materially positive. It represents the formal, legal enactment of a strategic advantage that was first announced as an approval in principle in November 2025. The transition from approval to a signed Presidential Decree significantly de-risks the optional vertical integration pathway for the Luanga project. It provides tangible evidence of high-level government support, enhances the project's strategic positioning for future financing and partnerships, and potentially unlocks material capital and operating cost savings. The news confirms and solidifies a key value proposition that has been under development for months.
Bravo Mining Corp. is a Canadian mineral exploration company focused on advancing its 100%-owned Luanga PGM+Au+Ni Project in the Carajás Mineral Province of Pará State, Brazil. The flagship Luanga project is a large-scale, shallow, open-pittable deposit containing palladium, platinum, rhodium, gold, and nickel.
Key Project Milestones (from historical news): - Feb 2025: Updated Mineral Resource Estimate (MRE): 158 Mt @ 2.04 g/t PdEq (10.4 Moz) Measured & Indicated; 78 Mt @ 2.01 g/t PdEq (5.0 Moz) Inferred. - Mar 2025: Granted Preliminary License (LP) for project development. - Jul 2025: Completed Positive PEA: - Base Case (Concentrate Sales): After-tax NPV8% of US$1.25B, IRR 49%. - Alternate Case (Vertical Integration at ZPE): After-tax NPV8% of US$1.86B, IRR 49%. - Nov 2025: Selected as anchor company for the newly approved Barcarena Export Processing Zone (ZPE). - Jan 2026: Closed C$86 million oversubscribed equity financing.