Brasnova Energy Materials Inc. Announces Retirement of Long Time Director Greg Pearson
Rhea-AI Summary
Brasnova Energy Materials (OTC:PMDRF) announced on January 12, 2026 that long-time director Greg Pearson is retiring and will be replaced on the board by Fabrício Santos, MSc., a geoscience professional based in Brazil.
The company said Mr. Santos has actively participated in targeting and advancing Brasnova's Brazilian critical materials projects. The near-term operational focus is the 100% owned Jucurutu Iron Oxide Copper Gold (IOCG) Project in Rio Grande do Norte, Brazil. Brasnova plans to grant Mr. Santos 250,000 common share options at $0.15 per share with a five-year term, subject to approval of the stock option plan at the next AGM and TSXV Venture Exchange approval for the management changes and option issuance.
Positive
- Board continuity with a replacement director experienced in Brazilian projects
- Focus on 100% owned Jucurutu IOCG Project in Rio Grande do Norte, Brazil
Negative
- Grant of 250,000 options at $0.15 pending approvals may dilute shareholders if approved
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Brasnova Energy Materials Inc. (TSXV: BEM) ("BEM'' or the "Company") announces the retirement of long-time Director, Greg Pearson. After many years of dedication, hard work, and service, Mr. Pearson has decided to step into the next chapter of his life. Mr. Pearson will be replaced on the Board of Directors by Mr. Fabrício Santos, MSc., a geoscience professional based in Brazil.
Mr. Santos has been a key participant in the targeting and advancement of the Company's portfolio of Brazilian critical materials projects. The focus in the current quarter will be on the
Jucurutu Iron Ore Copper Gold (IOCG) Project
https://www.newsfilecorp.com/release/258390/Sonoran-Desert-Copper-Corporation-Announces-Promising-Copper-Occurrences-on-the-Newly-Staked-Jucurutu-Project-in-Rio-Grande-do-Norte-Brazil
Brasnova would like to thank Mr. Pearson for his many years of service on behalf of the Company. Brasnova will issue Mr. Santos 250,000 common share options at a price of 15 cents with a term of five years and subject to approval of the stock option plan at the next AGM. The management changes and options issuance are subject to TSXV Venture Exchange approval.
ABOUT BRASNOVA ENERGY MATERIALS INC.
Brasnova Energy Materials is focused on securing, developing and monetizing Brazilian critical materials assets and related materials technologies, to build shareholder value.
On behalf of the Board of Directors of
BRASNOVA ENERGY MATERIALS INC.
"Maria Conejo"
Maria Conejo, Director
info@brasnovaem.com
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements.
Neither the 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280043
FAQ
Who is replacing Greg Pearson on the Brasnova board (PMDRF)?
What option grant did Brasnova (PMDRF) announce for the new director?
What project will Brasnova (PMDRF) focus on in the current quarter?
Are the management change and option issuance for Brasnova (PMDRF) final?
When was Brasnova's announcement about director retirement released?
