TORONTO, Feb. 14, 2026 (GLOBE NEWSWIRE) — Belo Solar Mining Corp. (“Belo Solar” or the “Firm”) (TSX: BSX, OTCQB: BSXGF) is happy to announce that the Federal Regional Courtroom has accepted our attraction to reinstate the Set up License, which was suspended in 2017 for the Firm’s Volta Grande Gold Undertaking (the “Undertaking”) positioned in Pará State, Brazil.
Background
As beforehand disclosed, the Federal Courtroom of Altamira had not too long ago maintained the suspension of the Set up License, in power since 2017. The Firm adopted acceptable authorized measures to problem that call.
Courtroom of Attraction Determination
On February 13, 2026, Desembargador Federal Flávio Jardim of TRF-1’s sixth Panel granted interim aid, suspending the decrease court docket resolution and absolutely restoring the effectiveness of the Set up License. The ruling authorizes Belo Solar to renew and proceed common set up actions for the Undertaking.
In his ruling, the Courtroom discovered that the Firm had absolutely complied with the circumstances beforehand imposed by TRF-1, together with that: (i) the Indigenous Element Research (“ECI”) had been ready based mostly on main information, as required; (ii) prior, free and knowledgeable session had been performed in accordance with the Juruna Protocol, with sufficient info, inner deliberation and culturally acceptable participation; and (iii) the Juruna (Yudjá) and Arara of the Volta Grande do Xingu communities had participated in all levels of the session course of, with formal statements of assist. The Courtroom discovered the session had been carried out in good religion, in a participatory and clear method, according to Worldwide Labour Group Conference No. 169.
The Courtroom additional held that FUNAI’s subsequent reversal of its earlier place, which had confirmed the sufficiency of the ECI and the regularity of the session course of, was not supported by any formal administrative process as required beneath relevant rules. The ruling decided that any new necessities by FUNAI, together with any request to broaden the scope of the session, should be preceded by a proper administrative course of with correct technical justification.
Development Actions
On account of the ruling, the Set up License is now absolutely efficient and the Firm is permitted to proceed with development and set up actions for the Undertaking.
Subsequent Steps
The respondents to the attraction have been given the chance to file a response, and the interlocutory attraction will proceed to overview by the sixth Panel of TRF-1. The Firm will present additional updates as acceptable.
Clovis Torres, Chairman and Chief Government Officer of Belo Solar commented: “We welcome this main milestone, which is all of the extra significant on condition that the venture’s suspension in 2017 marked a difficult interval for our staff and shareholders. Right this moment, we wish to congratulate everybody whose willpower and professionalism have made this new section doable.
We additionally want to specific our honest gratitude for the steadfast assist now we have acquired through the years from the native communities and Federal, State and Municipal authorities. Their belief and engagement have been important all through this journey.
This venture might be developed in accordance with finest worldwide mining practices to guard the surroundings, whereas additionally making use of the very best social requirements. Our ambition is evident: to contribute sustainably to the financial growth of the area by creating tangible alternatives for native residents and producing long-term optimistic outcomes.”
Concerning the Firm
Belo Solar Mining Corp. is a mineral exploration and growth firm with gold-focused properties in Brazil. Belo Solar’s main focus is advancing and increasing its 100% owned Volta Grande Gold Undertaking in Pará State, Brazil. Belo Solar trades on the TSX beneath the image “BSX” and on the OTCQB beneath the image “BSXGF.” For extra details about Belo Solar, please go to www.belosun.com.
For inquiries, please contact Belo Solar Mining Corp, +1 (416) 861-2262 or information@belosun.com.
Warning concerning forward-looking info:
This press launch incorporates “forward-looking info” inside the that means of relevant Canadian securities laws. Ahead-looking info contains, with out limitation, statements concerning the reinstatement and continued effectiveness of the Set up License; the continuation of set up and development actions for the Undertaking; the end result of the overview by the sixth Panel of TRF-1; and the development of the Volta Grande Undertaking. Ahead-looking info is topic to recognized and unknown dangers, uncertainties and different elements which will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm to be materially totally different from these expressed or implied by such forward-looking info, together with, with out limitation, dangers associated to the end result of the sixth Panel overview and the chance that the interim aid could also be reversed; dangers associated to additional authorized challenges or regulatory proceedings; dangers inherent within the mining trade and dangers described within the public disclosure of the Firm which is accessible beneath the profile of the Firm on SEDAR+ at www.sedarplus.ca and on the Firm’s web site at www.belosun.com. Though the Firm has tried to establish vital elements that might trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such info will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking info. The Firm doesn’t undertake to replace any forward-looking info, besides in accordance with relevant securities legal guidelines.
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