Belo Sun Announces Reinstatement of Installation License for the Volta Grande Gold Project

Core Viewpoint - Belo Sun Mining Corp. has successfully reinstated its Installation License for the Volta Grande Gold Project in Brazil, allowing the company to resume construction activities after a suspension since 2017 [1][3][6]. Background - The Federal Court of Altamira had previously upheld the suspension of the Installation License, prompting the company to take legal action to challenge this decision [2]. Court of Appeal Decision - On February 13, 2026, the Federal Regional Court granted interim relief, reinstating the Installation License and permitting Belo Sun to continue installation activities for the Project [3]. Compliance and Consultation - The Court determined that the company had met all conditions set by TRF-1, including the preparation of the Indigenous Component Study based on primary data and conducting consultations with local Indigenous communities in accordance with established protocols [4]. - The Court also ruled that FUNAI's reversal of its earlier position regarding the sufficiency of the ECI was not supported by formal administrative procedures, requiring any new requirements to follow proper technical justification [5]. Construction Activities - With the ruling, the Installation License is now fully effective, allowing the company to proceed with construction and installation activities for the Project [6]. Next Steps - The respondents to the appeal have the opportunity to file a response, and the appeal will be reviewed by the 6th Panel of TRF-1, with further updates to be provided by the company [7]. Company Leadership Comments - The Chairman and CEO of Belo Sun expressed gratitude for the support received from local communities and authorities, highlighting the significance of this milestone for the company and its stakeholders [8][9]. Project Development Commitment - The company aims to develop the project in line with best international mining practices, focusing on environmental protection and social standards to contribute to the region's economic development [10].