BRAZIL MINERALS, INC.'S FIRST
MODULAR PLANT BEGINS OPERATIONS & OTHER NEWS
PASADENA, CA--(February 21, 2017 --InvestorsHub NewsWire) -
Brazil Minerals, Inc. (OTC:
BMIXD) (the "Company" or "Brazil Minerals") announced today
that the first modular gold and diamond recovery plant, which has
been installed in one of its several mining concessions, has begun
operations. The industrial-size centrifuge recently purchased and
installed for gold retrieval in this first plant is operating well.
Periodic adjustments continue to be made in the processing circuit
and in several of the operating machines.
Brazil Minerals is now planning for its second modular gold and
diamond recovery plant which will have several improvements over
the currently operational first plant, including being built (or
partially built) atop a chassis to facilitate transport and
placement at desirable mining locations. A second industrial-size
centrifuge will be acquired for this new plant. This development
was partially made possible by a long-term equity investor in the
Company purchasing common shares of Brazil Minerals and of Jupiter
Gold Corporation, a subsidiary of the Company.
In other news, a crew from the Brazilian mining department
inspected one of the Company's gold and diamond areas on February
18, 2017 with respect to an application for a mining permit for
gold and diamond which Brazil Minerals had filed and paid for a
year earlier in February of 2016. Such visit type is mandatory.
Brazil Minerals believes that the inspection went well and thus it
expects approval of such mining permit within the next few months.
This mineral rights area has a surface size of 982 acres, and is
located 11 miles from where the first plant is operating. It would
be a third gold and diamond mineral area where the Company would be
able to employ a portable recovery plant.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. is a producer of diamonds, gold, sand and
industrialized mortar. Through various subsidiaries, consolidated
in our financial statements, we have title to 38 mineral rights for
gold, diamonds, manganese and sand, including 10 mining concessions
for gold and diamonds, the highest level of right to mine in
Brazil; the total surface area of these mineral rights is 218,525
acres or 440 square miles. More information on BMIX is
at www.brazil-minerals.com.
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, BMIX'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.
Contact:
Peter K. Goldy
Director of Communications, Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com