Project received letters of support for a potential funding of up to A$1 billion ($699.90 million), separately from Export Finance Australia and the Export-Import Bank of the United States.
Bravo said it will use the proceeds to fund a preliminary feasibility study and subsequent feasibility study.
Ruling gives the trading house a chance to recoup some of the hundreds of millions of dollars in losses it suffered.
The amounts involved are a small fraction of global nickel supplies, estimated by analysts at around four million metric tons this year.
The incentive plan proposes a 15% capital subsidy for eligible investments in lithium and nickel-processing projects starting on or after April 1.
The company said it produced 198,521 tons of nickel in 2025, a 3% drop from the previous year.
Nickel and lithium carbonate are among 14 futures and options products that will be opened up.
Nickel prices have been on an explosive rally as the market bets that Indonesia, the world's largest producer, will hit the brakes on its runaway output growth.
The LME lost the confidence of many users after a nickel crisis in 2022, but LME nickel volumes have recently rebounded.
Brazilian Nickel would sell up to 10,000 tpa of nickel and 240 to 400 tpa of cobalt.
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