21:04:20 EDT Thu 03 Sep 2026
Enter Symbol
or Name
USA
CA



Brasnova Energy Materials Inc
Symbol BEM
Shares Issued 46,580,263
Close 2026-09-03 C$ 0.08
Market Cap C$ 3,726,421
Recent Sedar+ Documents

Brasnova Energy closes financing at $238,800

2026-09-03 18:50 ET - News Release

Subject: Brasnova Energy Materials PDF Document

File: Attachment BEMNRSEP03.pdf

SEPTEMBER 3, 2026 NEWS RELEASE TSXV: BEM

BRASNOVA ENERGY MATERIALS INC. CLOSES FINANCING

Vancouver, B.C.: Brasnova Energy Materials Inc. ("BEM'' or the "Company") (TSXV: BEM) is pleased to announce that further to its March 11, 2026 news release, the Company has closed its non-brokered private placement financing for aggregate gross proceeds of $238,800 (the "Financing"). The Company will not be going forward with the remaining $511,200 of the Financing.

The Company has issued 2,388,000 units at $0.10 per unit (the "Units") 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 $0.20 cents for 24 months (the "Warrants"). The Warrants are subject to the right of the Company to accelerate the exercise period to 30 days if shares of the Company trade at or above $0.50 cents for a period of 10 consecutive trading days.

An insider of the Company subscribed for $25,000 of the Financing, such participation constituting a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as the fair market value of the insider participation does not exceed 25% of the Company's market capitalization.

The Company has paid cash finders' fees of $6,930 and has issued 6,930 non-transferable broker warrants in conjunction with the closing of this first tranche.

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.

The Financing, closed prior to Exchange approval and remains subject to final Exchange approval.

Proceeds raised from the financing will be used for project payments and acquisitions, exploration and development and working capital expenditures.

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.

"Joel Ferari"

Joel Ferari, CEO info@brasnovaem.com

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE https://brasnovaem.com/ 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.

https://brasnovaem.com/

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