Brazil Minerals announced that one of its remaining convertible noteholders has now fully converted its debt into equity. BMIX received notice that LG Capital Funding, LLC has fully converted its remaining variable-rate convertible note. Therefore, as of now, there are only three short-term oriented institutional holders of outstanding convertible notes. The Company considers a lesser number of such holders an important [...]
PASADENA, CA--(Marketwired - Feb 1, 2016) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today an update on several matters. The Company announced that it had concluded building a dirt road connecting its large diamond and gold processing plant to an area that it intends to mine for diamonds and gold for the next several years. Two photographs of the road accompany this release. The Company is [...]
PASADENA, CA--(Marketwired - Dec 18, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that its largest convertible debt note, with an original face value of $378,000, has been fully extinguished. Group 10 Holdings, LLC ("Group 10"), the investor that held this note, had been the largest debt holder in the Company. As of now, Group 10 no longer has any debt of BMIX. Currently, besides a [...]
PASADENA, CA--(Marketwired - Dec 10, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that it had submitted two polished diamonds for the ongoing single stone auction sale run by Rapaport Auctions in New York, NY and Ramat Gan, Israel. Rapaport Auctions is a division of the Rapaport Group, a premier diamond service provider founded in 1976. Both gems submitted were mined at BMIX's [...]
PASADENA, CA--(Marketwired - Nov 30, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that its Hercules brand of mortars beat established competition from national brands becoming the first choice for use in a new 17-story residential building in Montes Claros, a city of approximately 500,000 people located 58 miles from BMIX's mortar factory. For the past few weeks, BMIX's Hercules [...]
PASADENA, CA--(Marketwired - Nov 3, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") provided today a brief overview of certain of its ongoing activities. As described in a recent press release, BMIX has worked on building a dirt road to connect its large diamond and gold recovery plant to a highly promising dry mineral rights area a few miles away, where it intends to conduct operations for the next [...]
PASADENA, CA--(Marketwired - Oct 20, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that it has hired a new member for its management team in Brazil. Gisele Souza, J.D., a U.S. and Brazilian citizen, fluent in both English and Portuguese, has been hired as Vice President, Administration and is based in Montes Claros, state of Minas Gerais, Brazil. Montes Claros is a city of [...]
PASADENA, CA--(Marketwired - Oct 12, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that our Chief Executive Officer was selected and appointed to an Advisory Group of a leading 2016 U.S. presidential candidate. These advisors hail from business and government, each bringing particular insights and experiences. Mr. Fogassa is primarily contributing his expertise on Brazil and the [...]
PASADENA, CA--(Marketwired - Sep 21, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") gave a general overview today regarding various important topics related to the Company, including updates on its diamonds & gold, and mortar & sand business lines, and on the elimination of remaining convertible debt from short-term oriented noteholders. Diamonds & Gold Following the successful renewal of the [...]
PASADENA, CA--(Marketwired - Sep 9, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") reported today that its subsidiary, Mineração Duas Barras Ltda. ("MDB"), obtained a 4-year renewal of its environmental license of operations ("Licença de Operação"). MDB's application was voted favorably by the COPAM committee, which is made up of representatives from different [...]
PASADENA, CA--(Marketwired - Aug 25, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") reported today that it has obtained favorable results in the detailed laboratory analysis of its sand for potential use in the fracking industry. The testing was conducted in a laboratory that provides technical analytical services to multinational oil, gas, and mining companies, and was supervised by an expert with 35 [...]
PASADENA, CA--(Marketwired - Aug 13, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that it had established a subsidiary in Brazil called Hercules Brasil Ltda. ("Hercules") to pursue opportunities in the construction materials business. Initially, Hercules is focused on the production and sale of mortar. A medium size plant that can produce mortar, grout and other industrialized sand [...]
