BELO HORIZONTE, BRAZIL, November 23, 2020 – – Brazil Minerals, Inc. (OTC PINK: BMIX) (the “Company” or “Brazil Minerals”) is pleased to announce that 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.
Areli Nogueira, geological engineer of the project, stated, “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.”
Marc Fogassa, CEO of the Company, added, “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.”
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC PINK: BMIX) owns projects in titanium, lithium, and rare earths, among others, as well as a stake in Jupiter Gold Corporation (OTCQB: JUPGF). The Company also has several mining properties for alluvial diamond and gold. More information on Brazil Minerals is at www.brazil-minerals.com. Follow us on Twitter: @BMIXstock.
Safe Harbor Statement
This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.’s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, Brazil Minerals, Inc.’s ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. We advise U.S. investors that Brazil Minerals’ (and its subsidiaries’) properties and projects, as of now, are exploratory and do not have measured “reserves” as such term is defined by the Securities and Exchange Commission.
Brian W. Bernier
Head, Corporate Development and Investor Relations