BRAZIL MINERALS RELEASES
VIDEO OF FIRST OPERATING MODULAR PLANT FOR DIAMOND AND
GOLD
PASADENA, CA -- March 21, 2017 -- InvestorsHub NewsWire --
Brazil Minerals, Inc. (OTC:
BMIX) (the "Company" or "Brazil Minerals") announced today that
it has released a video of the first diamond and gold modular
recovery plant that it operates. The video can be watched at the
link below:
https://youtu.be/ZTtHbledWQg
This plant was paid for by the Company's subsidiary, Jupiter
Gold Corporation (Jupiter Gold), and is solely operated by Brazil
Minerals which retains 100% of the diamonds and 50% of the gold
recovered from it, while the other 50% of gold is for the account
of Jupiter Gold. Under standard U.S. GAAP consolidation of
financial results for subsidiaries, any gold revenues obtained by
Jupiter Gold are added to the revenues of Brazil Minerals.
A second modular plant is being designed for placement in a
different mineral right for gold and diamonds owned by Brazil
Minerals.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC:
BMIX) 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