Canada- and Brazil-based mineral exploration and development company Bravo Mining Corp has become the World Platinum Investment Council's (WPIC's) inaugural pre-production member - a new membership category specifically for companies involved in the development of orebodies that have the potential to produce platinum in the future.

This broadens support for the implementation of the WPIC’s strategy to increase investment in platinum.      

Bravo is listed on the TSX-V and 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.      

“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,” WPIC CEO Trevor Raymond comments.    

"[WPIC] 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,” Bravo chairperson and CEO Luis Azevedo says.