Bravo Metals establishes industrial project in Barcarena Export Processing Zone

Canada NewsWire

TORONTO , Sept. 3, 2026 /CNW/ -- Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), (" Bravo " or the " Company ") is pleased to announce that Brazil's National Council for Export Processing Zones ("CZPE") has formally authorized Bravo Metals Ltda. ("Bravo Metals"), a wholly owned subsidiary of the Company, to establish its approved industrial project within the Barcarena Export Processing Zone ("Barcarena ZPE"), in the State of Pará, Brazil.

The authorization was approved on August 25, 2026, during the XLII Ordinary Meeting of the CZPE, under Brazil's Ministry of Development, Industry, Commerce and Services ("MDIC"), ( link here ) and was formally published on September 1, 2026 ( link here ) in Brazil's Official Gazette through Resolution CZPE/MDIC No. 128, dated August 25, 2026.

Under the Resolution, Bravo Metals is authorized to establish itself within the Barcarena ZPE and manufacture nickel-platinum group metals ("PGM") mattes/alloys comprising platinum, palladium, rhodium, nickel, copper and cobalt, in accordance with the industrial project previously approved by the CZPE.

The Resolution also secures the ZPE tax, foreign exchange and administrative regime applicable to these activities for a period of 20 years, subject to compliance with applicable legislation and regulations. Key benefits include the suspension of certain federal taxes on imported equipment, inputs and other products, including Import Tax (II), IPI, PIS/PASEP and COFINS, as well as the suspension of certain taxes on domestic purchases and exemptions from certain import and export licensing and authorization requirements.

The CZPE authorization relates specifically to Bravo Metals' approved industrial project and its establishment within the Barcarena ZPE regime and is separate from environmental licences and other permits that may be required for the construction and operation of the proposed facilities.

"Today's authorization represents another important step in advancing our potential downstream processing strategy in Pará State, Brazil," said Luis Azevedo, Chairman and CEO of Bravo. "Importantly, this is a new and key step in the process. Following the approval of the Barcarena ZPE and Bravo Metals' anchor industrial project last November, and the formal creation of the ZPE by Presidential Decree in January 2026, Bravo Metals has now received the CZPE authorization to establish itself and manufacture its approved products within the Barcarena ZPE".

"This milestone is particularly timely as we advance Luanga's Pre-Feasibility Study towards completion, targeted for the end of the third quarter. In addition to producing NI-PGM concentrates, the PFS is evaluating the potential for vertical integration and downstream processing within Brazil, and today's authorization further strengthens the framework within which that opportunity is being assessed. In parallel with the PFS, we continue to advance the work required to support this potential development pathway".

"Barcarena offers a compelling combination of port infrastructure, renewable power and an established industrial ecosystem, including a significant fertilizer production with its attendant demand for sulphuric acid (a byproduct of smelting) and logistics cluster. Together with direct access to international markets, these attributes reinforce our view of Barcarena as a highly strategic location to evaluate further processing of Luanga's critical and precious metals and potential value creation in Brazil."