Brasnova Energy Materials Inc. Acquisition of Phosphate Project in Brazil

Core Insights - Brasnova Energy Materials Inc. has acquired phosphate exploration concessions in Piaui, Brazil, specifically the Piaui Verde Phosphate Project, which spans 10.198 hectares and is located in areas with proven geological diversity and phosphate indications [1][2] - The project has significant potential for uncovering phosphate mineralization and also offers opportunities for critical metals such as copper, nickel, chromium, and rare earths [1] - Phosphate has been added to the United States' Final 2025 List of Critical Minerals, highlighting its importance in various sectors, including fertilizers and battery technologies [3] Company Overview - Brasnova Energy Materials Inc. focuses on securing, developing, and monetizing energy materials assets and technologies to enhance shareholder value [3] Project Development Strategy - The development strategy for the Piaui Verde Phosphate Project aims to evaluate its suitability for providing advanced phosphate materials for both the fertilizer and battery sectors in Brazil [2] - Phosphate is a core component in battery technologies, particularly in lithium iron phosphate (LFP) batteries, due to its high thermal stability and long cycle life [2]