CVM Deliberation No. 907 of April 15, 2026

CVM DELIBERATION NO. 907, OF APRIL 15, 2026
Irregular offering of securities without the registration provided for in Law No. 6,385, of December 7, 1976.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION OF BRAZIL – CVM makes it public that the Collegiate Body, in a meeting held on April 14, 2026, based on art. 9, § 1, items III and IV, combined with art. 16, both of Law No. 6,385, of December 7, 1976, and on art. 1 of CVM Resolution No. 47, of August 31, 2021, considering that:

a) The CVM found that NLC Confinamentos S/A, registered under CNPJ No. 45.974.071/0001-23, Mineradora NLC Ltda., registered under CNPJ No. 61.767.557/0001-47, and their direct and indirect partners, Emerson Renato Muller, registered under CPF No. *.860.201-, and Marcos Rodrigo Matias, registered under CPF No. *.788.498-, have been offering, through a website on the internet and an open group in a messaging application, investment opportunities whose remuneration would be linked to supposed cattle breeding and gold mining operations, appealing to the Brazilian public to enter into contracts that, in the manner in which they are being offered, fall under the legal concept of securities;

b) According to item IX of art. 2 of Law No. 6,385, titles or collective investment contracts that generate rights of participation, partnership, or remuneration, including resulting from the provision of services, whose earnings arise from the effort of the entrepreneur or third parties, can only be publicly offered through registration of the offering or its exemption with the CVM;

c) The public offering of securities, the dissemination of which has been widely carried out through a website on the internet and an open group in a messaging application, has not been submitted to registration or exemption from registration before the CVM, which constitutes a violation of art. 19 of Law No. 6,385; and

d) The offering of securities to the public residing in Brazil, without prior authorization from the CVM, grants this Autonomy the power to determine the prohibition of such practice, in the form of art. 9, § 1, item IV, combined with art. 16, both of Law No. 6,385, without prejudice to the applicable administrative sanctions, and constitutes, in theory, the crime provided for in art. 27-E of the same law,

DELIBERATED:

I – to alert market participants and the general public that the aforementioned entities are not qualified to publicly offer titles or collective investment contracts — situations in which the sale of participation in NLC Confinamentos S/A, the token Nelore Coin (NLC), and the asset named NLCD dividend fall — according to the definition in item IX of art. 2 of Law No. 6,385, given that these are public offerings without registration or exemption with the CVM;

II – to order the aforementioned participants, and all their partners, managers, administrators, and agents, to immediately cease activities related to the offering of securities to the public residing in Brazil, alerting that non-compliance will result in a daily coercive fine of R$ 100,000.00 (one hundred thousand reais), in accordance with art. 1 of Annex B to CVM Resolution No. 47, without prejudice to liability for infractions already committed, in accordance with art. 11 of Law No. 6,385;

III – this Deliberation enters into force on the date of its publication.

Signed electronically by
João Accioly
Interim President