Brasnova Energy Materials Inc. Files for Approval of $750,000 Private Placement Financing

Rhea-AI Summary

Brasnova Energy Materials (PMDRF) filed with the TSX Venture Exchange for conditional approval of a non-brokered private placement to raise up to $750,000.

On approval the Company will issue up to 7.5 million units at $0.10 each, each unit including one share and one warrant exercisable at $0.20 for 24 months. The Company may accelerate warrant expiry if shares trade at or above $0.50 for 10 consecutive trading days.

Subject to approval, a first tranche of $250,000 (2.5 million units) will close. Proceeds are earmarked for project payments and acquisitions, exploration and development, and working capital. All securities issued will be subject to a statutory hold of 4 months and one day.

Positive

• Raises up to $750,000 via private placement
• Immediate first tranche of $250,000 closing upon approval
• Proceeds allocated to projects, exploration, and working capital

Negative

• Potential issuance of 7.5 million units causing shareholder dilution
• Warrants exercisable at $0.20 could dilute at low prices
• Finder's fees may apply under TSXV policies

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Brasnova Energy Materials Inc. (TSXV: BEM) ("BEM" or the "Company") is pleased to announce that further to its January 19, 2026 news release, the Company has filed documents with the TSX Venture Exchange (the "Exchange") seeking Conditional Approval of its non-brokered private placement financing for aggregate gross proceeds of up to $750,000 (the "Financing").

On receipt of Exchange approval, the Company will issue up to 7.5 million units at 10 cents, each unit consisting of one common share of the Company and one common share purchase warrant with each warrant being exercisable for an additional common share at an exercise price of 20 cents for 24 months. The warrants are subject to the right of the Company to accelerate the exercise of the warrants if the shares of the Company trade at or above 50 cents for a period of 10 consecutive trading days.

BEM also announces that, subject to Exchange approval, the Company is closing a first tranche of $250,000 of the Financing, by issuing 2.5 million units.

Finders' fees in accordance with TSX Venture Exchange policies may apply to the financing. Proceeds raised from the financing will be used for project payments and acquisitions, exploration and development and working capital expenditures.

All securities issued pursuant to the Financing will be subject to a statutory hold of 4 months and one day from the date of issue.

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/282242

FAQ

What financing did Brasnova Energy Materials (PMDRF) file for on January 30, 2026?

The company filed for a non-brokered private placement to raise up to $750,000. According to the company, approval would allow issuance of up to 7.5 million units at $0.10 per unit with attached warrants exercisable at $0.20 for 24 months.

How much is the first tranche of Brasnova's (PMDRF) private placement and when will it close?

The first tranche is $250,000, closing subject to Exchange approval. According to the company, that tranche involves issuance of 2.5 million units at $0.10 per unit upon receipt of approval.

What are the terms of the warrants in Brasnova's (PMDRF) proposed financing?

Each unit includes a warrant exercisable at $0.20 for 24 months. According to the company, warrants may be accelerated if shares trade at or above $0.50 for 10 consecutive trading days.

How will Brasnova (PMDRF) use proceeds from the $750,000 financing?

Proceeds will fund project payments and acquisitions, exploration and development, and working capital. According to the company, those specific uses are the intended allocation of funds raised under the financing.

Are securities issued in Brasnova's (PMDRF) financing restricted for sale?

Yes. All securities will be subject to a statutory hold period of 4 months and one day. According to the company, that hold applies from the date of issue to comply with securities rules.