PASADENA, California, August 29, 2017 /PRNewswire/ --
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 http://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, 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.
SOURCE Brazil Minerals, Inc.