VANCOUVER, BC, March 3,
2025 /CNW/ - Bravo Mining Corp. (TSXV: BRVO) (OTCQX:
BRVMF), ("Bravo" or the "Company") is pleased to
announce that the Pará State Environmental Agency (Secretaria de
Estado de Meio Ambiente e Sustentabilidade – SEMAS) has granted
Bravo a preliminary license ("LP") for its 100% owned Luanga
palladium + platinum + rhodium + gold + nickel deposit ("Luanga
deposit" or "Luanga PGM+Au+Ni deposit"), located in the
Carajás Mineral Province, Pará State, Brazil.
The Brazilian mine permitting process consists of
three key stages: the preliminary license ("LP"), which has now
been granted, followed by the installation license ("LI") and,
finally, the license to operate ("LO"). The LP is the most
critical, time-consuming and challenging to secure, as it defines
the project's fundamental parameters and requires both
environmental feasibility and social acceptance - both of which
were affirmed during the successful public hearing in December
2024.
This LP provides for the extraction and
processing of metallic minerals, including platinum group metals as
well as for nickel, copper and gold. The subsequent LI is applied
for as a prerequisite for the commencement of construction
activities, while the final license (LO) is granted upon completion
of construction and the start of operations.
"Securing the preliminary license for Luanga
marks another major milestone for Bravo, reinforcing the project's
strong environmental and social foundations," said
Luis Azevedo, Chairman and
CEO. "Coming just days after our significant Mineral
Resource Estimate update, this achievement further validates
Luanga's potential as a premier PGM+Au+Ni deposit. Luanga is
located about 30km from a copper-gold mine and processing facility
that most of Bravo's team successfully led from exploration through
full licensing, construction, and operations. It also highlights
the Carajás Mining Province as a pro-mining jurisdiction benefiting
from one of the world's richest mineral endowments."
About Bravo Mining Corp.
Bravo is a Canadian and Brazil-based mineral exploration and
development company focused on advancing its PGM+Au+Ni Luanga
Project, as well as our Cu-Au exploration opportunities in the
world-class Carajás Mineral Province, Para State, Brazil.
Bravo is one of the most active explorers in Carajás. The team,
comprising of local and international geologists and engineers, has
a proven track record of PGM, nickel, and copper discoveries in the
region and elsewhere. The individuals in the team have successfully
taken a past IOCG greenfield project from discovery to development
and production in the Carajás.
The Luanga Project is situated on mature freehold farming land
and benefits from being located close to operating mines and a
mining-experienced workforce, with excellent access and proximity
to existing infrastructure, including road, rail, ports, and
hydroelectric grid power. Bravo's current Environmental, Social and
Governance activities includes planting more than 30,000 high-value
trees in and around the Project area in the past 30 months, while
hiring personnel and contracting services locally.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
This news release contains forward-looking
information which is not comprised of historical facts.
Forward-looking information is characterized by words such as
"validates", "premier", "significant", "potential" or
variants of these words and other similar words, phrases, or
statements that certain events or conditions "could", "may" or
"will" occur or whether or not a decision will be made to commence
construction and/or operations. Forward-looking
information involves risks, uncertainties and other factors that
could cause actual events, results, and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, unexpected results from exploration programs,
changes in the state of equity and debt markets, fluctuations in
commodity prices, delays in obtaining required regulatory or
governmental approvals including the LI and LO, environmental
risks, limitations on insurance coverage; and other risks
and uncertainties involved in the mineral exploration and
development industry. Forward-looking information in this news
release is based on the opinions and assumptions of management
considered reasonable as of the date hereof, including, but not
limited to, the assumption that activities will not be adversely
disrupted or impeded by regulatory, political, community, economic,
environmental and/or healthy and safety risks; that the Luanga
Project will not be materially affected by potential supply chain
disruptions; and general business and economic conditions will not
change in a materially adverse manner. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, other than as required by
applicable securities laws.
SOURCE Bravo Mining Corp.
