The World Platinum Investment Council - WPIC® - today announces Bravo Mining Corp. (Bravo) as its inaugural pre-production member. This new membership category is specifically for companies involved in the development of orebodies that have the potential to produce platinum in the future. The membership broadens support for the implementation of WPIC’s strategy to increase investment in platinum.
Bravo is a Canada and Brazil-based mineral exploration and development company, listed on the Toronto Stock Exchange (TSX.V:BRVO, OTCX:BRVMF). It is focused on the exploration and potential development of the Luanga Project, a platinum group metals (“PGM”), gold and nickel project located in the Carajás Mineral Province Pará State, Brazil.
This year the platinum market is forecast to record its third successive annual deficit as demand continues to exceed supply, with further deficits expected for the foreseeable future. WPIC expects that a significant increase in platinum supply will be needed during the 2030s to support hydrogen’s growing role in global decarbonisation.
Trevor Raymond, CEO of the World Platinum Investment Council, commented: “We are delighted to welcome Bravo to WPIC as our first pre-production member. This new category of membership will enable more platinum advocates to distribute quality platinum insights to a wider global investment community. This will in turn enhance WPIC’s effectiveness in increasing awareness, understanding and ownership of platinum as an investment.”
“Being the first pre-production platinum group metals (PGM) company to join the prestigious WPIC is a testament to Bravo's achievements with its Luanga PGM+Au+Ni Project," said Luis Azevedo, Chairman and CEO of Bravo. "Membership provides Bravo with the opportunity to stay aligned with developments in the PGM sector, gain access to valuable market intelligence, and engage with the global PGM sector, both downstream and upstream. It also presents an opportunity for Bravo to raise awareness of the Luanga Project qualities and its strategic location. I extend my sincere gratitude to the WPIC Board and team for welcoming us as a member, and I look forward to engaging in constructive discussions that will benefit the industry and Bravo alike.”
