BRAZIL MINERALS, INC.’S MONTHLY REVENUES GROW 43% AND ITS LOCAL OPERATIONS ACHIEVE BREAK-EVEN
PASADENA, CA--(September 6, 2017) - Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that its revenues from operations during the month of August 2017 grew 43% in comparison to those received in July 2017. As a direct result, the Company achieved cash flow break even in its Brazilian operations when accounting for usual and recurrent costs. Furthermore, Brazil Minerals expects additional increases in revenues as other cash streams will likely be available within the next few months.
The current impact of the improvement in cash generation has been a significant decline in need for capital. In the medium term, there is a possibility, although not a guarantee, that the growing revenues will cover the cash needs in both Brazil and the U.S. and therefore the entire Company would achieve break-even on a recurrent cash flow basis. Further assurance regarding this scenario may become possible later in the year.
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 @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 NI 43-101 term, as mentioned in the above press release, is a document format accepted by Canada’s securities regulator, and utilizes different terminology than defined in the U.S.’s Industry Guide 7, the technical format for mining exploration reports accepted by the U.S. Securities and Exchange Commission. A geologist qualified to write an NI 43-101 report is called a “Qualified Person,” a term that does not apply to U.S.’s Industry Guide 7. We further advise U.S. investors that, given the preliminary stage of evaluation, there are no guarantees that the potential gold mineralization of the Paracatu permit is or will ever become mineral reserves as defined by the U.S.’s Industry Guide 7.
CEO, Brazil Minerals, Inc.