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