{
  "schema_version": "1.0.0",
  "ticker": "BCM",
  "company_name": "Brazilian Critical Minerals Limited",
  "cutoff_date": "2026-10-31",
  "reviewed_at": "2026-10-31",
  "coverage_note": "The 20 registered accounts are as at 22 September 2026. Substantial-holder disclosures are separate and can overlap registered accounts; they must not be added. Holder positions and percentages can change after their stated dates.",
  "register": {
    "as_of_date": "2026-09-22",
    "issued_shares": 2233014104,
    "source_ids": [
      "annual-2026"
    ],
    "holders": [
      {
        "holder_id": "register-01",
        "name": "HSBC Custody Nominees (Australia) Limited",
        "classification": "nominee_custodian",
        "shares": 304850472,
        "percentage": 13.65,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-02",
        "name": "Citicorp Nominees Pty Limited",
        "classification": "nominee_custodian",
        "shares": 173295514,
        "percentage": 7.76,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-03",
        "name": "Equity Trustees Limited <Lowell Resources Fund A/C>",
        "classification": "nominee_custodian",
        "shares": 136243710,
        "percentage": 6.1,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-04",
        "name": "BNP Paribas Nominees Pty Ltd <IB AU NOMS RetailClient>",
        "classification": "nominee_custodian",
        "shares": 89385839,
        "percentage": 4.0,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-05",
        "name": "BNP Paribas Nominees Pty Ltd <Hub24 Custodial Serv Ltd>",
        "classification": "nominee_custodian",
        "shares": 87110236,
        "percentage": 3.9,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-06",
        "name": "UBS Nominees Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 70261881,
        "percentage": 3.15,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-07",
        "name": "One Managed Investment Funds Limited <TI Growth A/C>",
        "classification": "nominee_custodian",
        "shares": 59220000,
        "percentage": 2.65,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-08",
        "name": "Kyriaco Barber Pty Ltd",
        "classification": "direct_holder",
        "shares": 39339788,
        "percentage": 1.76,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-09",
        "name": "William Taylor Nominees Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 28500000,
        "percentage": 1.28,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-10",
        "name": "Mr Giuseppe Stambe",
        "classification": "direct_holder",
        "shares": 28061064,
        "percentage": 1.26,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-11",
        "name": "Certane CT Pty Ltd <Argonaut Natural Res Fund>",
        "classification": "nominee_custodian",
        "shares": 24654088,
        "percentage": 1.1,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-12",
        "name": "BNP Paribas Noms Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 23959883,
        "percentage": 1.07,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-13",
        "name": "Mr Stephen James Gladwin-Grove",
        "classification": "direct_holder",
        "shares": 23666666,
        "percentage": 1.06,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-14",
        "name": "Mr Sebastian Marr",
        "classification": "direct_holder",
        "shares": 23503704,
        "percentage": 1.05,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-15",
        "name": "Mr Andrew Reid <Reid Family A/C>",
        "classification": "direct_holder",
        "shares": 22688679,
        "percentage": 1.02,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-16",
        "name": "Mila Investment Co Pty Ltd <Mila Investment A/C>",
        "classification": "direct_holder",
        "shares": 20981277,
        "percentage": 0.94,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-17",
        "name": "Merrill Lynch (Australia) Nominees Pty Limited",
        "classification": "nominee_custodian",
        "shares": 18840131,
        "percentage": 0.84,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account; nominee and custodian accounts do not establish beneficial ownership."
        ]
      },
      {
        "holder_id": "register-18",
        "name": "Pamplona Opportunities Ltd",
        "classification": "direct_holder",
        "shares": 17700000,
        "percentage": 0.79,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-19",
        "name": "Mr Brendan Ryan Ashdown",
        "classification": "direct_holder",
        "shares": 16808000,
        "percentage": 0.75,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      },
      {
        "holder_id": "register-20",
        "name": "Michael Leon Schmulian",
        "classification": "direct_holder",
        "shares": 15098103,
        "percentage": 0.68,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-22",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2026"
        ],
        "notes": [
          "Registered account, not a consolidated ownership group."
        ]
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "drake-private-investments",
      "name": "Drake Private Investments LLC",
      "classification": "reporting_group",
      "shares": 286034034,
      "percentage": 15.1,
      "percentage_basis": "voting_power",
      "as_of_date": "2025-10-09",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "drake-20251015",
        "annual-2026"
      ],
      "notes": [
        "Last identified Form 604 states 286,034,034 shares and 15.10% voting power on 9 October 2025.",
        "The September 2026 annual report repeats the 286,034,034 shares and gives 12.8%, expressly citing the October 2025 notice; this does not independently establish current holdings.",
        "The issuer reported on 27 October 2026 that its proceedings with Drake were continuing; the issuer disputes Drake’s allegations."
      ],
      "caveat": "Last holding notice is from October 2025; the issuer has since issued shares."
    },
    {
      "holder_id": "equity-trustees-lowell",
      "name": "Equity Trustees Limited <Lowell Resources Fund A/C>",
      "classification": "nominee_custodian",
      "shares": 136243710,
      "percentage": 6.1,
      "percentage_basis": "issued_shares",
      "as_of_date": "2026-09-22",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "annual-2026"
      ],
      "notes": [
        "The annual report lists Equity Trustees Limited as substantial and this named account in the registered top 20. This overlaps the register and does not establish the underlying beneficial holders."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "annual-2026",
      "title": "Annual report for year ended 30 June 2026",
      "publisher": "Brazilian Critical Minerals Limited",
      "url": "https://braziliancriticalminerals.com/announcements/gBGBmb-annual-report-to-shareholders",
      "publication_date": "2026-09-28",
      "accessed_date": "2026-10-31",
      "locator": "downloads/BCM/2026/2026-09-28_Annual Report to shareholders_b45962a0af29e1c1.pdf, PDF pages 73–74 (printed pages 72–73)",
      "detail": "Lists issued shares, substantial holders and the complete 20-account register as at 22 September 2026."
    },
    {
      "source_id": "drake-20251015",
      "title": "Form 604 change in substantial holding — Drake",
      "publisher": "Drake Private Investments LLC via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03008418-6A1290388",
      "publication_date": "2025-10-15",
      "accessed_date": "2026-10-31",
      "locator": "downloads/BCM/2025/2025-10-15_Change in substantial holding_cdf391b790eaee03.pdf, PDF page 1",
      "detail": "Identifies the issuer, change date, shares and voting power as at 9 October 2025."
    },
    {
      "source_id": "quarterly-20261027",
      "title": "Quarterly activities and Appendix 5B cash flow report",
      "publisher": "Brazilian Critical Minerals Limited",
      "url": "https://braziliancriticalminerals.com/announcements/7bQ0n7-quarterly-activities-appendix-5b-cash-flow-report",
      "publication_date": "2026-10-27",
      "accessed_date": "2026-10-31",
      "locator": "Pages 4–5, shareholder legal action and corporate activities",
      "detail": "States the Drake proceeding continued and records share issuance and option exercises."
    },
    {
      "source_id": "2a-20261028",
      "title": "Application for quotation of securities",
      "publisher": "Brazilian Critical Minerals Limited",
      "url": "https://braziliancriticalminerals.com/announcements/gBG8wN-application-for-quotation-of-securities-bcm",
      "publication_date": "2026-10-28",
      "accessed_date": "2026-10-31",
      "locator": "Appendix 2A pages 1 and 6",
      "detail": "Reports issue of 1,666,667 ordinary shares and share capital after quotation, subsequent to the register date."
    }
  ],
  "limitations": [
    "The register is a dated snapshot, not evidence of beneficial ownership behind nominee and custodian accounts.",
    "Drake’s last identified substantial-holder notice is dated October 2025; the 2026 annual report explicitly cites it. Its historical 15.10% voting power is not a current percentage, and no current position is asserted.",
    "The issuer reported legal proceedings with Drake continuing as at 27 October 2026, and says it disputes the allegations; no outcome is implied.",
    "Subsequent share issues, including 1,666,667 shares on 28 October 2026, changed the share capital after the register date."
  ]
}
