Brasnova Energy Materials Inc. Modified Option on Five Gold Projects Creating a District Scale Gold Portfolio in the Bahia Gold Belt of Brazil

Rhea-AI Summary

Brasnova Energy Materials (TSXV: BEM, OTC: PMDRF) signed a modified binding option agreement with BGC Gold on August 27, 2026, granting BEM the option to earn a 50% equity interest in five gold projects via ownership in BGC's Brazilian subsidiary.

The portfolio, including the original Capela Gold Project, now comprises 17,457.20 hectares of gold tenure in Brazil's Bahia Gold Belt. To exercise the option, BEM must spend CA$1,000,000 over 24 months from the agreement date, inclusive of prior Capela expenditures, ongoing work programs, and holding fees on the projects. Upon completion, BGC will transfer 50% equity in its Brazilian subsidiary to BEM.

Positive

• Option to earn 50% interest in five Bahia Belt gold projects
• Portfolio size expanded to 17,457.20 hectares in a recognized gold belt
• Earn-in cost capped at CA$1,000,000 over 24 months, including prior Capela spend and fees

Negative

• Capital commitment of up to CA$1,000,000 required within 24 months to earn interest
• BEM will hold only a 50% equity interest, implying shared control and economics

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Vancouver, British Columbia--(Newsfile Corp. - August 27, 2026) - Brasnova Energy Materials Inc. (TSXV: BEM) ("BEM'' or the "Company") is pleased to announce that further to the Company's News Release of January 19, 2026, that BEM has executed a modified binding agreement (the "Modified Option Agreement") with BGC Gold Inc. (BGC), dated August 27, 2026, to acquire, subject to the terms and conditions of the Modified Option Agreement, a 50% interest in five Gold Projects though earned equity ownership in the Brazilian subsidiary of BGC.

In addition to the original Capela Gold Project, the four additional Gold Projects are also hosted in the Bahia Gold Belt in Brazil as are both Pan American Silver's Jacobina gold mining complex and Equinox Gold's Santa Luz complex. The updated portfolio now spans 17,457.20 hectares.

BGC Gold Projects
Process number	Area (Hectares)	Material
871932/2023	1,952.82	GOLD
871883/2023	1,982.43	GOLD
870-474/2026	1,866.35	GOLD
870-475/2026	1,965.79	GOLD
870-477/2026	1,985.50	GOLD
871-773/2023	1,947.49	GOLD
871-774/2023	1,966.69	GOLD
871-775/2023	1,961.45	GOLD
871-777/2023	1,828.68	GOLD
Total	17,457.20	-

 

Under the terms, BGC grants to BEM the option to acquire a fifty percent (50%) equity interest in the five Gold Projects by expending CA$1,000,000 over a period of twenty-four months from the execution date of the Modified Option Agreement. This amount includes the amounts already expended on the Capela Gold Project by BEM, and all work expenditures and the holding fees due on the Gold Projects. Upon BEM having exercised the Option, BGC will transfer to BEM the fifty percent equity ownership of the Brazilian subsidiary of BGC.

On behalf of the Board of Directors of
BRASNOVA ENERGY MATERIALS INC.

Joel Rovaris Ferari, CEO
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/311790

FAQ

What did Brasnova Energy Materials (PMDRF) announce on August 27, 2026?

Brasnova Energy Materials announced a modified binding option agreement to earn a 50% equity interest in five gold projects in Brazil. According to Brasnova, this is via equity in BGC Gold’s Brazilian subsidiary and includes the existing Capela Gold Project.

What are the financial terms of Brasnova’s modified option agreement with BGC Gold for PMDRF shareholders?

Brasnova must spend CA$1,000,000 over 24 months to earn a 50% interest. According to Brasnova, this total includes amounts already spent on Capela, future work expenditures, and all holding fees on the five Bahia Gold Belt projects.

How large is Brasnova’s Bahia Gold Belt portfolio under the modified option agreement (PMDRF)?

The updated gold project portfolio covers 17,457.20 hectares in Brazil’s Bahia Gold Belt. According to Brasnova, this area includes the original Capela Gold Project and four additional gold projects held through BGC Gold’s Brazilian subsidiary.

What ownership will Brasnova Energy Materials (PMDRF) receive if it fulfills the option terms?

If Brasnova completes the required CA$1,000,000 in expenditures within 24 months, it will receive a 50% equity interest. According to Brasnova, BGC Gold will then transfer 50% of its Brazilian subsidiary’s equity to Brasnova.

Over what timeframe must Brasnova (PMDRF) complete expenditures to earn its 50% interest in the Bahia gold projects?

Brasnova has a 24‑month period from August 27, 2026, to complete the CA$1,000,000 spend. According to Brasnova, this period covers all qualifying work expenditures and holding fees on the five Bahia Gold Belt gold projects.

Which region hosts Brasnova’s optioned gold projects mentioned in the August 27, 2026 PMDRF news?

All five optioned gold projects are located in Brazil’s Bahia Gold Belt. According to Brasnova, this belt also hosts major operations such as Pan American Silver’s Jacobina complex and Equinox Gold’s Santa Luz complex, highlighting a proven gold district.