PASADENA, California,
July 11, 2018 /PRNewswire/ --
Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil
Minerals") announced today that its 55.4%-owned subsidiary, Jupiter
Gold Corporation ("Jupiter Gold"),
has received stock ticker symbol "JUPGF" for its common stock. The
"F" denotes that it is a foreign company. Trading in the common
stock is expected to commence later in this quarter.
Jupiter Gold has 4,429,599 common
shares outstanding, of which the public float is 250,100 shares.
Jupiter Gold last issued common
stock in 2017 at $1.00/share. Its
financial statements are audited by a PCAOB auditor and filed with
the Securities and Exchange Commission as part of its annual
report. Jupiter Gold has not issued
any convertible debt and its bylaws specifically prohibit the
issuance of any variable-rate convertible debt.
Jupiter Gold's main gold asset
today is its Paracatu Project, a mineral right with 773 acres in a
premier gold district in the state of Minas Gerais in Brazil. Drilling in this mineral right
evidenced presence of gold in multiple holes and collected samples
are currently undergoing geochemical analysis. This claim
encompasses an alluvial plain along the Rico Creek, which drains
the giant Paracatu gold deposit known as "Morro do Ouro" (Gold
Hill), an ore body of 16 million ounces owned and operated by
Kinross Gold Corporation (NYSE: KGC). In all, Jupiter Gold has title to eleven mineral rights
in Brazil encompassing a total
surface area of 94,828 acres.
Marc Fogassa, CEO of the Company commented, "Today's
announcement is a substantially positive step for Brazil Minerals.
Our business model is both focused on mining specific areas for
gold and diamonds, as well as generating a portfolio of equity
and/or royalty interests in subsidiaries with high quality
projects, of which Jupiter Gold is
the furthest developed example."
BMIX Mineral Bank:
Gold: 119,989 acres
Diamond (kimberlites): 92,961 acres
Diamond (alluvial): 27,612 acres
Cobalt/Copper/Nickel: 5,011 acres
Iron/Titanium/Vanadium: 4,938 acres
Lithium: 288 acres
Manganese: 4,970 acres
Aquamarine/Beryl/Tourmaline: 288 acres
Sand (construction industry): 4,995 acres
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX) along with its
subsidiaries has a business model focused on: 1) mining specific
areas for gold and diamonds, and 2) generating projects from its
portfolio of high quality mineral rights for transactions leading
to royalties and/or equity positions. Our first equity holding from
such strategy comes to 55.4% ownership in Jupiter Gold Corporation.
More information on BMIX is contained on its website at
http://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,
which include claims held by the subsidiaries of Brazil
Minerals, Inc., as of now do not have
measured "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
http://www.brazil-minerals.com
@BMIXstock
SOURCE Brazil Minerals, Inc.