Bravo Raises $64M

According to a report by Mining.com, Bravo Mining has closed an $86 million public offering to fund a preliminary feasibility study and subsequent feasibility study for its Luanga nickel-platinum project in Brazil. The company will use the proceeds to advance exploration and development, with a focus on improving economics through enhanced flotation techniques. Analysts note that the project is well-positioned to capture the upside in future technical studies and financing discussions, particularly with platinum group metals and nickel prices rallying. The company's preliminary economic assessment, updated in November, included a base-case net present value of $1.25 billion, with potential for significant improvements in flotation.