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Tuesday, September 27, 2022

Brazil Minerals, Inc. (OTCQB: BMIX) Heats Up after Lithium Miner Reports Positive Lithium Results at its Minas Gerais Lithium Project

Brazil Minerals, Inc. (OTCQB: BMIX) is on the move after the Company announced it received yesterday geochemical results from core samples obtained from a third pegmatitic ore body within its Minas Gerais Lithium Project (the “BMIX Lithium Project”). All such samples were cut from spodumene intersects found in one pegmatite. All results from this batch were positive for lithium and included one reading of 2.86% Li2O. This is big news for the Company’s ‘ Minas Gerais Lithium Project, consisting of 44 mineral rights spanning a surface area of over 45,456 acres, where some of its high-potential mineral rights are adjacent to or near large lithium deposits that belong to a large, publicly traded competitor to the Company.  

Brazil Minerals is looking to produce lithium-bearing concentrate, a product which is highly sought after in the battery supply chain for EVs. The Company also has 100%-ownership of early-stage projects and properties in other minerals that are needed in the battery supply chain and high technology applications such as rare earths, titanium, nickel, and cobalt. Additionally, BMIX has 100%-ownership of several mining concessions for gold and diamonds. The Company’s goal is to become “the Mineral Resources Company for the Green Energy Revolution”.   

Brazil Minerals, Inc. (OTCQB: BMIX) is primarily a lithium company with projects in other highly strategic minerals such as rare earths, nickel, graphite, titanium, and cobalt. In addition, Brazil Minerals owns equity stakes in both Apollo Resources Corporation, a private company developing its first iron mine, and Jupiter Gold Corporation (OTCQB: JUPGF), a listed company developing a quartzite mine and advancing two gold projects. All of the Company’s mineral projects and properties are located in Brazil and Brazil Minerals portfolio for battery metals includes approximately 60,077 acres (243 km2) for lithium, 30,009 acres (121 km2) for rare earths, 22,050 acres (89 km2) for titanium, 14,507 acres (59 km2) for graphite, and 7,509 acres (30 km2) for nickel and cobalt.  

The Company’s primary project is its ‘ Minas Gerais Lithium Project, where some of its high-potential mineral rights are adjacent to or near large lithium deposits that belong to a large, publicly traded competitor. The project consists of 44 mineral rights spanning a surface area of over 45,456 acres (184 km2). It is predominantly located within the Brazilian Eastern Pegmatitic Province which has been surveyed by the Geological Survey of Brazil and is known for the presence of hard rock formations known as pegmatites which contain lithium-bearing minerals such as spodumene and petalite. Generally, 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, an area of expected high growth for the next several decades. The Project is located in and near the municipality of Araçuaí, the premier area in Brazil for lithium. 

Microapdaily reported on BMIX for the first time back on September 18, 2018 stating at the time: “Brazil Minerals Inc (OTCMKTS: BMIX) has made a big move after the Company announced it had struck gold in 35 of 35 drill holes in a Northern Minas Gerais Project. According to the Company they drilled 35 holes spaced 30 to 50 meters at one of its several mineral rights in the Jequitinhonha River Valley located in the northern part of the state of Minas Gerais in Brazil and the holes were positive for fine gold as observed by the drilling team, with samples collected for quantitative geochemical analysis. The average depth for the auriferous gravel layer was 8 meters and with a thickness between 1.5 to 9.3 meters.” 

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BMIX

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. Brazil Minerals is looking to produce lithium-bearing concentrate, a product which is highly sought after in the battery supply chain for EVs. The Company also has 100%-ownership of early-stage projects and properties in other minerals that are needed in the battery supply chain and high technology applications such as rare earths, titanium, nickel, and cobalt. The Company’s goal is to become “the Mineral Resources Company for the Green Energy Revolution”.  Additionally, BMIX has 100%-ownership of several mining concessions for gold and diamonds. Currently the Company’s subsidiary is waiting for a technical report on its first iron project from the independent geology firm responsible for the drilling campaign. Preliminary indications point to 12 million tons of iron ore resources, and work is ongoing towards planning for an initial iron mine. The Company’s iron subsidiary has two additional, separate high potential iron areas within the well-known Iron Quadrangle mining district. 

Earlier this year BMIX received the first priority for five exploratory permits for nickel within a total area of approximately 20,143 acres located in the municipality of Niquelndia, in the Brazilian state of Gois. Niquelndia, as its name implies (“land of nickel”), is home to nickel producers. Nickel is highly sought-after for rechargeable batteries and is on the list of critical minerals published by the U.S. Department of Interior. Brazil Minerals is waiting for the actual publication of such permits in the government gazette prior to initiating any geological work. 

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Currently trading at an $18.5 million market valuation BRZL has 3,370,472,433 outstanding, little assets besides its mining claims and low debt of $1 million including $97k total in convertible debt. But this is a stock to keep on the radar here, BRZL has runner in its blood and a history of big moves skyrocketing from the low subs to $0.10 per share in January of 2021. The Company is an SEC filer, has less than $100k in convertible debt on the books and has a number of exciting projects. The stock is up after the Company reported geochemical results from core samples were positive for lithium including one reading of 2.86% Li2O. The samples were obtained from a third pegmatitic ore body within the Company’s 44 mineral rights spanning a surface area of over 45,456 acre Minas Gerais Lithium Project. Brazil Minerals is looking to produce lithium-bearing concentrate, a product which is highly sought after in the battery supply chain for EVs. The Company also has 100%-ownership of early-stage projects and properties in other minerals that are needed in the battery supply chain and high technology applications such as rare earths, titanium, nickel, and cobalt. Additionally, BMIX has 100%-ownership of several mining concessions for gold and diamonds. The Company’s goal is to become “the Mineral Resources Company for the Green Energy Revolution”We will be updating on BMIX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BMIX.

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

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