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Sunday, April 18, 2021

Rare Earth Elements (REE); the Story of Brazil Minerals Inc (OTCMKTS: BMIX)

Brazil Minerals Inc (OTCMKTS: BMIX) is making an explosive move up the charts in recent days seeing a huge move on Friday after the Company announced it has received exploration permits for two additional mineral claims that now are part of its lithium project in the northeast part of the state of Minas Gerais in Brazil.  The stock has been making a swift run up the charts in recent days topping $5 million in dollar volume on Friday alone.

BMIX is focused on hard-rock lithium from high grade spodumene pegmatites and currently has direct ownership of projects in a triad of strategic minerals – lithium, titanium, and rare earths. BMIX is at the right place at the timr time; according to a report from Grandviewresearch “The global lithium market size was valued at USD 4.23 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 1.9% from 2020 to 2027. Increasing demand for lithium-ion (Li-ion) batteries in various applications, especially the automotive industry, is expected to augment market growth over the forecast period.

Brazil Minerals Inc (OTCMKTS: BMIX) operating out of Belo Horizonte, Brazil is focused on mining specific areas for gold and diamonds, as well as generating projects from its portfolio of high quality mineral rights for transactions leading to royalties and/or equity positions. The Company’s diamond and gold operations and properties in the Jequitinhonha Valley area of the state of Minas Gerais in Brazil are in two subsidiaries, Mineração Duas Barras Ltda; MDB and RST Recursos Minerais Ltda. MDB owns a large alluvial diamond and gold processing and recovery plant, capable of processing upwards of 45 tons of gravel per hour of operation. MDB’s Concessão de Lavra mining concession covers an area of 422 acres. It allows for the exploration and commercialization of diamonds, gold, and sand. MDB’s other mineral right covers an area of 982 acres.

Late last year the Company reported it has received the exploration permit for its new titanium project in the western part of the state of Minas Gerais in Brazil. Titanium is a highly strategic mineral and the area where this asset is located has shown potential for a large deposit.

According to management: “Brazil Minerals has been able to obtain the title to a high-potential property for a mineral that is in strong demand. We look forward to measuring our deposit and developing the necessary steps for economic extraction. Brazil Minerals has now direct ownership of projects in the triad of strategic minerals – titanium, lithium, and rare earths – that we identified could add the most potential value to the Company.”

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BMIX

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.”

On January 14 BMIX announced it has received exploration permits for two additional mineral claims that now are part of its lithium project in the northeast part of the state of Minas Gerais in Brazil. The Company is focused on hard-rock lithium from high grade spodumene pegmatites. As previously reported, Brazil Minerals has now direct ownership of projects in a triad of strategic minerals – lithium, titanium, and rare earths.

Areli Nogueira, Vice President of Exploration at the Company, stated, “Lithium is in high demand worldwide and Brazilian lithium reserves are now recognized as some of the best in yield and purity upon processing. Our lithium project holds high potential, and we look forward to its continued development.”

https://twitter.com/EcoChefBryanAu/status/1353047029522571273

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BMIX is making an explosive move up the charts in recent days seeing a huge move on Friday after the Company announced it has received exploration permits for two additional mineral claims that now are part of its lithium project in the northeast part of the state of Minas Gerais in Brazil.  The stock has been making a swift run up the charts in recent days topping $5 million in dollar volume on Friday alone. BMIX is focused on hard-rock lithium from high grade spodumene pegmatites and currently has direct ownership of projects in a triad of strategic minerals – lithium, titanium, and rare earths. BMIX is at the right place at the timr time; according to a report from Grandviewresearch “The global lithium market size was valued at USD 4.23 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 1.9% from 2020 to 2027. Increasing demand for lithium-ion (Li-ion) batteries in various applications, especially the automotive industry, is expected to augment market growth over the forecast period. 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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