BRAZIL MINERALS, INC. ADDS COBALT, NICKEL, AND COPPER AREAS
26 Aprile 2018 - 2:35PM
InvestorsHub NewsWire
BRAZIL MINERALS,
INC. ADDS COBALT, NICKEL, AND COPPER
AREAS
Pasadena, CA -- April 26, 2018 -- InvestorsHub
NewsWire -- 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
Grafico Azioni Brazil Minerals (QB) (USOTC:BMIX)
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