BRAZIL MINERALS, INC. PROGRESSES ON LICENSING GOLD AND DIAMOND AREAS FOR PRODUCTION
August 29 2017 - 8:15AM
InvestorsHub NewsWire
BRAZIL MINERALS, INC. PROGRESSES ON LICENSING GOLD
AND DIAMOND AREAS FOR PRODUCTION
PASADENA, CA--(August 29, 2017) - Brazil
Minerals, Inc. (OTC: BMIX) (the "Company" or “Brazil
Minerals”) announced today that its licensing team had progressed
with requirements for mining and environmental licensing of two
high potential mineral rights for diamonds and gold owned by the
Company. Together these rights cover 2,292 acres, and are both
located in the well-known gold and diamond district of the
Jequitinhonha River Valley in Brazil.
Overall, Brazil Minerals holds title to over
twenty-five mineral rights in such region each with potential for
gold and diamond mineralization. The Company’s strategy is to
simultaneously advance a number of these rights through necessary
regulatory steps with the mining and environmental agencies. In
fact, Brazil Minerals has recently added a highly experienced
environmental engineer as a consultant to its regulatory team to
accelerate filings needed to bring further mining areas to
production.
About
Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC:
BMIX), through various consolidated subsidiaries, has title to
mineral rights for gold, diamonds, manganese and sand, including
mining concessions for gold and diamonds, the highest level of
right to mine in Brazil. Subsidiaries are engaged in the production
of gold, diamonds, sand and mortar. More information on BMIX is
at www.brazil-minerals.com.
Follow us: twitter.com/@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.
Contact:
Marc Fogassa
CEO, Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com
Twitter: www.twitter.com/@BMIXStock
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