PASADENA, CA--(Marketwired - Aug 5, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") reported today steady progress towards the complete elimination of its convertible debt held by short-term noteholders. In this release, convertible debt investors that convert debt to common stock periodically and expeditiously sell such stock into the open market are referred to as short-term noteholders. Group 10 [...]
PASADENA, CA--(Marketwired - Aug 3, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that it has made all of the cash payments for its ownership position in RST Recursos Minerais Ltda. ("RST") and that it had completed the second phase of geological assessment in a new dry locale for diamonds and gold in the valley of the Jequitinhonha River in the State of Minas Gerais in Brazil. In [...]
PASADENA, CA--(Marketwired - Jul 16, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") reported today that it has provided five different types of sand for detailed laboratory analysis for potential use in the fracking industry. BMIX has access to a multitude of different types of sand from its dozens of minerals rights areas and is beginning a process to identify potential locations for supply. There [...]
PASADENA, CA--(Marketwired - Jul 13, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") reported today that its subsidiary RST Recursos Minerais Ltda. ("RST") has obtained from the local environmental regulatory agency a permit to initiate mining for diamonds and gold in one of its mineral rights areas. The permit obtained is initially valid for 4 years. BMIX has begun preparatory ground work to be able [...]
PASADENA, CA--(Marketwired - Jun 15, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it has cut its Brazilian fixed costs by 50% as a result of the relocation of its Brazilian administration to an office 15 miles away from its diamond, gold, and sand mine operations. To facilitate oversight and communications, the Company eliminated its Belo Horizonte office, which had been [...]
BELO HORIZONTE, BRAZIL--(Marketwired - May 26, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that its Senior Geologist, J. Francescatto, and his team had successfully concluded the first phase of geological assessment in a dry area for diamonds and gold near a margin of the Jequitinhonha River in the State of Minas Gerais in Brazil. In total, six holes were drilled, each spaced by 50 [...]
BELO HORIZONTE, BRAZIL--(Marketwired - May 5, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that the amount of variable-rate convertible debt that has been converted into its common stock has totaled $411,472 so far in 2015. This value has not been audited, and is based on information received from the Company's transfer agent and variable-rate noteholders. BMIX has received recent [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 30, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that the second exploratory drilling hole in a new dry area for diamonds and gold, utilizing the Company's own Banka 4-inch drill, has yielded positive results. The results of the first exploratory hole have been announced recently. This second hole has yielded a similar layer of gravel as [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 27, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today the preliminary result for the initial drilling of a new dry area for diamonds and gold, utilizing the Company's own Banka 4-inch drill. The first exploration hole in such area yielded a sizeable layer of "starched quartz" gravel, known locally to be the richest type for diamonds and gold [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 20, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it had been featured in TCR, a well-regarded mining newsletter, with a price target for its common stock approximately eight times greater than the last closing price. TCR specializes in smaller capitalization companies in the minerals space, and is read by influential industry members [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 6, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it had mined its largest rough diamond to date at 4.01 carats. This gem has very good appearance and no visible points or inclusions, and thus appears to be able to yield high color and clarity grades. The Company plans to have this rough diamond cut and polished before selling it [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Mar 12, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that its subsidiary Mineração Duas Barras Ltda ("MDB") has signed a non-exclusive contract with a Brazilian company for the ongoing sale of sand. The initial term of the contract runs until December 31, 2015. BMIX has received other proposals to sell its sand and is studying them. Pursuant to the signed contract, this customer is obligated to purchase a minimum volume of sand per month ("Minimum Volume"). The cash payable to MDB for the Minimum Volume will cover the salary costs of all of the employees working in diamond, gold, and sand operations at MDB. Any cas... [...]
