Bravada Announces Consolidation; Updates PFS Status at Wind Mountain

Core Viewpoint - Bravada Gold Corporation has announced a consolidation of its outstanding common shares, reducing the number of shares from approximately 229 million to about 28.7 million, which is expected to enhance investor interest and trading liquidity [1][3]. Share Consolidation - The consolidation will occur on a basis of eight pre-consolidation common shares for one post-consolidation common share [1]. - Trading on a consolidated basis will commence on March 2, 2026, under a new CUSIP and ISIN, while the company's name will remain unchanged [2]. Management's Perspective - Management believes that the consolidation will lead to greater investor interest, improved trading liquidity, and facilitate future financing [3]. - Shareholders will receive a letter of transmittal instructing them to exchange their pre-consolidation shares for post-consolidation shares once the consolidation takes effect [3]. Wind Mountain Project Update - The President provided an update on the Pre-Feasibility Study (PFS) for the Wind Mountain project, indicating that several independent contractors have been engaged for necessary studies [4]. - Ongoing studies include mine planning, metallurgy, archaeology, biology/wildlife, hydrology, and resource evaluation to convert In-pit Inferred Resource to Indicated Resource, potentially leading to a Probable Reserve [4]. Company Overview - Bravada is an established exploration and development company with a portfolio of high-quality properties in Nevada, recognized as a top mining jurisdiction [5]. - The company employs a modified joint-venture model to advance properties with high-margin deposit potential and has a substantial gold and silver resource [5]. - Bravada has signed 33 earn-in joint-venture agreements since 2005 and currently holds eight projects across approximately 6,329 hectares in Nevada [6].