On January 20, 2026, Bravo Mining Corp. closed its public offering of 19,607,500 common shares at C$4.40 per share, for gross proceeds of C$86,273,000. The January 20, 2026 closing includes the full exercise of the over-allotment option by co-lead underwriters BMO Capital Markets and National Bank Capital Markets, along with Beacon Securities Limited and Canaccord Genuity Corp. The company paid underwriters a cash commission of C$4,313,650, equal to 5.0% of gross proceeds. After fees and estimated expenses of C$400,000, net proceeds are approximately C$81,559,350. The common shares trade on the TSX Venture Exchange under "BRVO" and on the OTCQX under "BRVMF".

Separately, Bravo has an indicative term sheet with Orion Mine Finance under which a fund managed by Orion, or its affiliate, will subscribe on a non-brokered private placement basis for 7,897,727 common shares at C$4.40, for gross proceeds of up to C$34,749,998.80. After a 5.0% cash finder's fee and estimated expenses, net proceeds are estimated at approximately C$32,803,500. Orion also intends, subject to milestones and conditions, to provide up to US$300 million of potential financing support.

Aggregate net proceeds and existing working capital will fund metallurgical work, prefeasibility and feasibility studies, deep drilling, regional exploration and working capital for the Luanga PGM-Au-Ni project in Pará, Brazil.

Cozen O'Connor LLP acted as Canadian counsel to Bravo Mining, and Borden Ladner Gervais LLP acted for the underwriters.