PASADENA, Calif., April 26, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Brazil Minerals, Inc. (OTC:BMIX) (the "Company" or "Brazil Minerals") announced today that it has added to its list of properties two separate areas, both for cobalt, copper, and nickel, with an aggregate total of 5,011 acres. These claims are in Montes Claros de Goiás and within the region reported to contain 27% of Brazil’s nickel reserves. Cobalt and copper are often found associated with nickel, and usually are by-products of nickel processing.
Cobalt, nickel and copper are needed in the production of parts of electric vehicles. Cobalt shortage is forecasted, and thus Brazil Minerals decided to actively seek high quality properties for this strategic mineral. Brazil’s cobalt production comes entirely from the state of Goiás, where its new mineral rights are located. Goiás is also a large producer of copper and nickel.
Brazil Minerals has been systematically adding to its mineral bank of promising properties (“BMIX Mineral Bank”). It regularly evaluates and prioritizes its research efforts and utilizes its own equipment for drilling. Recently, the Company has been approached by third parties, including larger mining companies, interested in certain claims in the BMIX Mineral Bank and is in preliminary discussions on these.
BMIX Mineral Bank:
Cobalt/Copper/Nickel: 5,011 acres
Iron/Titanium/Vanadium: 4,938 acres
Lithium: 288 acres
Manganese: 4,970 acres
Gold: 119,989 acres
Diamond (kimberlites): 92,961 acres
Diamond (alluvial): 27,612 acres
Aquamarine/Beryl/Tourmaline: 288 acres
Sand (construction industry): 4,995 acres
About Brazil Minerals, Inc.
Brazil Minerals, Inc. with its subsidiaries (“Brazil Minerals”) has two components to its business model: 1) Growing a portfolio of promising mineral rights in a wide spectrum of strategic and sought-after minerals, from which equity holdings and/or royalty interests will develop, and 2) Mining certain specific areas for gold, diamonds, and sand. Our progress has been steady. In early 2013 we owned mineral rights for gold and diamonds. Since then we have grown several-fold our bank of high quality mineral properties (the "BMIX Mineral Bank") to currently include mineral rights for gold, diamonds, cobalt, copper, iron, lithium, manganese, nickel, precious gems (aquamarine, beryl, tourmaline), sand, titanium, and vanadium. Our first equity holding from our project generation strategy is in Jupiter Gold Corporation ("Jupiter Gold"); Brazil Minerals owns approximately 55.4% of Jupiter Gold's equity. More information on us is at www.brazil-minerals.com. Follow us on Twitter: @BMIXstock.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Brazil Minerals, Inc.’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. We advise U.S. investors that the claims listed in the BMIX Mineral Bank are exploratory in nature, and as of now do not have “reserves” as such term is defined in the Securities and Exchange Commission’s Industry Guide 7.
Contact:
Marc Fogassa
CEO, Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com