web analytics
25 C
Munich
Thursday, August 11, 2022

Brazil Minerals, Inc. (OTCQB: BMIX) Breaking Out Northbound After Lithium Miner Acquires 389 Hectares High-Potential Lithium Mineral Concession in Minas Gerais, Brazil

Brazil Minerals, Inc. (OTCQB: BMIX) has been heating up in recent weeks rocketing up into copperland trading as high as $0.0275 last week. The stock is currently among the most actively traded stocks on the OTC trading between $350,000 and $1 million in dollar volume on recent days. BMIX has a history of big moves running to $0.10 in early 2021. The Company recently reported it has signed a contract containing an exclusive option to acquire a large (389 hectares, 961 acres) high-potential lithium mineral concession from local owners. This area is in the Bananal Valley in the municipality of Salinas and within the Araçuaí Hard Rock Lithium District in northeastern Minas Gerais, Brazil. 

The Company also has a second collection of seven lithium mineral rights in the Northeastern part of Brazil comprising 16,266 acres (66 km2). In total, both lithium projects (Minas Gerais and Northeastern Brazil) comprise 62,925 acres (254 km2) of exploration claims. Besides lithium, Brazil Minerals’ portfolio of exploration properties for other battery metals includes 59,700 acres (234 km2) for nickel, 30,009 acres (121 km2) for rare earths, 22,050 acres (89 km2) for titanium, and 14,507 acres (59 km2) for graphite. The Company believes that it has one of the largest exploration footprints for battery metals among publicly listed companies. 

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Brazil Minerals, Inc. (OTCQB: BMIX) is a U.S. mineral exploration and mining company with projects and properties in essentially all battery metals to power the Green Energy Revolution – lithium, rare earths, graphite, nickel, cobalt, and titanium. The Company’s current focus is on developing its hard-rock lithium project located in a premier pegmatitic district in Brazil – as lithium is essential for batteries in electric vehicles. Additionally, through subsidiaries, BMIX participate in iron, gold, and quartzite projects. The Company also owns multiple mining concessions for gold, diamond, and industrial sand. 

The Company is led by CEO Marc Fogassa, a high-level executive with extensive experience in venture capital and public company chief executive management. He has served on boards of directors of multiple private companies in various industries, and is a regular speaker internationally. Mr. Fogassa graduated with two Bachelor of Science degrees from MIT and from Harvard Medical School with a Dr. of Medicine. Mr. Fogassa owns 2,877,789,671 shares of BMIX.  

Brazil Minerals is primarily focused on advancing and developing its hard-rock lithium project located in the state of Minas Gerais, Brazil, where some of the Company’s high-potential mineral rights are adjacent to or near large lithium deposits that belong to a large, publicly traded competitor which has demonstrated through extensive drilling the presence of lithium deposits totaling over 20 million tons, according to its publicly available filings. The Company’s Minas Gerais Lithium Project is its largest endeavor and consists of 44 mineral rights spread over 74, 531 acres and predominantly located within the Brazilian Eastern Pegmatitic Province which has been surveyed by the Brazilian Geological Survey and is known for the presence of hard rock formations known as pegmatites which contain lithium-bearing minerals such as spodumene and petalite. In general, lithium derived from pegmatites is less costly to purify for uses in high technology applications than lithium obtained from brine. Such applications include the battery supply chain for electric vehicles (“EVs”), an area of expected high growth for the next several decades. 

The Company’s exploratory work to date in some mineral rights in its Minas Gerais Lithium Project, including trenching and drilling with subsequent geochemical analysis of samples, has determined the existence of hard rock pegmatites with lithium mineralization. Given the proximity to areas of economically significant lithium deposits from the Competitor who has demonstrated through extensive drilling the presence of lithium deposits totaling over 20 million tons, according to its publicly available filings. BMIX technical experts believe that one or more areas of its Minas Gerais Lithium Project may also contain similar lithium deposits. 

BMIX owns 46.17% of the common shares of Apollo Resources Corporation, a private company currently primarily focused on the development of its initial iron mine, expected to start operations and revenues in early 2023. BMIX also own approximately 24.56% of Jupiter Gold Corporation a company focused on the development of gold projects and of a quartzite mine, and whose common shares are quoted on the OTCQB under the symbol “JUPGF”. The quartzite mine is expected to start operations and revenues in 2022. Currently JUPGF trades at $0.79. JUPGF quartzite mine is expected to start operations and revenues in 2022. 

Recently, BMIX obtained the presumptive exploratory permits for six additional nickel mineral rights encompassing 29,075 acres in the state of Goiás in Brazil. One of these rights is adjacent to a nickel producing mine and all are in a district known for lateritic nickel deposits. With such additions, Brazil Minerals’ nickel mineral rights holdings have more than doubled to 57,900 acres (234 km2). 

To Find out the inside Scoop on BMIX Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

BMIX

On July 11 BMIX announced it has signed a contract containing an exclusive option to acquire a large (389 hectares, 961 acres) high-potential lithium mineral concession from local owners. This area is in the Bananal Valley in the municipality of Salinas and within the Araçuaí Hard Rock Lithium District in northeastern Minas Gerais, Brazil. 

This mineral right contains a massive pegmatitic outcrop measuring approximately 30 meters (98 feet) in diameter and 8 meters (26 feet) in height, which is multiple times larger than the average size of regular outcropping pegmatites. This pegmatite appears to be a continuation of the locally well-known “Lavra do Oscar” (Oscar’s Mine), a historical spodumene site. Some of the best lithium areas are located near older artisanal sites that were once explored for quartz and semi-precious stones. The Company intends to promptly conduct the work needed to define targets for a first pass drill testing campaign in this area. 

The map below depicts in blue the 48 lithium mineral rights encompassing 46,659 acres (188 km2) which comprise the Brazil Minerals’ Minas Gerais Lithium Project. The red arrow points to the concession discussed in this release, whereas the green arrow shows the lithium claim which is being drilled at this time. SLR Consulting Ltd., a premier independent company, is finalizing an initial geotechnical report on this area undergoing the drilling campaign. The SLR report will also contain information on two other high-potential areas nearby, one of which is slated to begin a drilling campaign next month. 

The Company also has a second collection of seven lithium mineral rights in the Northeastern part of Brazil comprising 16,266 acres (66 km2). In total, both lithium projects (Minas Gerais and Northeastern Brazil) comprise 62,925 acres (254 km2) of exploration claims. 

Besides lithium, Brazil Minerals’ portfolio of exploration properties for other battery metals includes 59,700 acres (234 km2) for nickel, 30,009 acres (121 km2) for rare earths, 22,050 acres (89 km2) for titanium, and 14,507 acres (59 km2) for graphite. The Company believes that it has one of the largest exploration footprints for battery metals among publicly listed companies. 

For More on BMIX Subscribe Right Now!

Currently trading at a $51 million market valuation BMIX has 3,385,151,300 shares outstanding of which 1,222,982,873 are restricted, leaving 2,187,513,979 free trading BMIX shares. The Company has $1.8 million in assets and under $1 million in debt. *Not including equity stakes in Apollo Resources, and Jupiter Gold Corporation (OTCQB: JUPGF) BMIX traded as high as $0.10 in early 2021 and recently reversed off $0.0039 lows after the seller that decimated the share price in recent months closed out their position. BMIX has been moving up steadily in recent weeks rocketing up into copperland trading as high as $0.0275 last week. The stock is currently among the most actively traded stocks on the OTC trading between $350,000 and $1 million in dollar volume on recent days. BMIX Minas Gerais Lithium Project intersects the property of a large publicly traded lithium miner that has demonstrated through extensive drilling the presence of lithium deposits totaling over 20 million tons, according to its publicly available filings. Currently under heavy accumulation with little sellers, BMIX is breaking out into copper land with a significant gap to fill from current levels.  The Company recently reported it has signed a contract containing an exclusive option to acquire a large (389 hectares, 961 acres) high-potential lithium mineral concession from local owners. BMIX also has a second collection of seven lithium mineral rights in the Northeastern part of Brazil comprising 16,266 acres (66 km2). In total, both lithium projects (Minas Gerais and Northeastern Brazil) comprise 62,925 acres (254 km2) of exploration claims. Besides lithium, Brazil Minerals’ portfolio of exploration properties for other battery metals includes 59,700 acres (234 km2) for nickel, 30,009 acres (121 km2) for rare earths, 22,050 acres (89 km2) for titanium, and 14,507 acres (59 km2) for graphite. The Company believes that it has one of the largest exploration footprints for battery metals among publicly listed companies. We will be updating on BMIX when more details emerge so make sure you are subscribed to Microcapdaily.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in BMIX either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.