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Belo Sun Announces Reinstatement of Installation License for the Volta Grande Gold Project - Belo Sun Mining (OTC:BSXGF)
The court found Belo Sun complied with Indigenous consultation and study requirements, overturning FUNAI’s reversal and allowing construction to resume after a 9-year suspension.
- On Feb. 13, 2026, Desembargador Federal Flávio Jardim's ruling restored the Installation License, allowing Belo Sun to resume construction at the Volta Grande Project.
- After a suspension since 2017, Belo Sun challenged the Federal Court of Altamira, which recently upheld that suspension, prompting an appeal for reinstatement of the Installation License.
- The Court found that the Indigenous Component Study was based on primary data and consultations followed the Juruna Protocol with formal support from Juruna and Arara communities; it ruled FUNAI’s reversal lacked required formal procedure.
- Respondents to the appeal have been given the opportunity to file a response, while the 6th Panel of TRF-1 will review the case, and the company said it will provide further updates.
- Belo Sun said the Project will be developed following best international mining practices and the highest social standards, aiming to contribute sustainably to regional economic development and create opportunities for local residents.
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Belo Sun Announces Reinstatement of Installation License for the Volta Grande Gold Project - Belo Sun Mining (OTC:BSXGF)
TORONTO, Feb. 14, 2026 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. ("Belo Sun" or the "Company") (TSX:BSX, OTCQB:BSXGF) is pleased to announce that the Federal Regional Court has accepted our appeal to reinstate the Installation License, which was suspended in 2017 for the Company's Volta Grande Gold Project (the "Project") located in Pará State, Brazil. Background As previously disclosed, the Federal Court of Altamira had recently maintained the …
·New York, United States
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Total News Sources11
Leaning Left7Leaning Right2Center2Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 18%
R 18%
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