09:57 AM EST, 01/26/2026 (MT Newswires) -- Bravo Mining ( BRVMF ) on Monday said it "welcomes" the publication of Presidential Decree No. 12,823, signed on Jan. 22, by the President of Brazil, Luiz Inacio Lula da Silva, which formally creates the Export Processing Zone of Barcarena (ZPE Barcarena) in the Municipality of Barcarena, State of Para.

The company said the decree represents the final federal act establishing the ZPE, following its prior approval by Brazil's National Council of Export Processing Zones (CZPE). The company had been selected to anchor the ZPE Barcarena.

Bravo said the formal creation of the ZPE enhances regulatory certainty around this complementary pathway and reinforces the strategic alignment of its potential development plans with Brazil's national industrial policy and Para's economic development agenda.

"The signing of the Presidential Decree formally creating the ZPE Barcarena is a significant milestone for Bravo and materially advances regulatory certainty around our development scenario," said Bravo chief executive Luis Azevedo. "Coming on the heels of the recent closing of our oversubscribed equity financing for net proceeds of ~C$81.8 million, completed amid strong investor demand and an improving PGM price environment, with the 4PGE basket price now approximately 60% higher than the price used in our PEA, this development further reinforces our confidence in the long-term strategic positioning of the Luanga Project."

Shares of the company were last seen up 3% at $5.50 on the TSX Venture Exchange.

Price: 5.50, Change: +0.16, Percent Change: +3.00