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Yes it is. Can’t wait for the official 8-K report on lithium - this will trade at 3-5 cents within days.
BMIX
Brazil Minerals Intersects High Lithium Content in Pegmatite
https://www.newsfilecorp.com/release/121871/Brazil-Minerals-Intersects-High-Lithium-Content-in-Pegmatite
BMIX
Brazil Minerals Intersects High Lithium Content in Pegmatite
https://www.newsfilecorp.com/release/121871/Brazil-Minerals-Intersects-High-Lithium-Content-in-Pegmatite
BMIX
We have applied to list our common stock under the symbol “BMIX” and our warrants under the symbol “BMIXW”, both on the Nasdaq Capital Market. No assurance can be given that our application will be approved, and we will not consummate this offering unless our common stock and warrants are approved for listing on the Nasdaq Capital Market...
https://www.otcmarkets.com/filing/html?id=15735184&guid=K0ewkpFM6owyvOh
Brazil Minerals Adds Nickel Areas
Belo Horizonte, Brazil--(Newsfile Corp. - April 11, 2022) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "Brazil Minerals"), the Strategic Mineral Resources Company for the Green Energy Revolution, is pleased to announce that the Company filed applications and received the first priority for five exploratory permits for nickel within a total area of approximately 20,143 acres located in the municipality of Niquelândia, in the Brazilian state of Goiás. Niquelândia, 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 must await the actual publication of such permits in the government gazette prior to initiating any geological work.
Areli Nogueira, Vice-President of Mineral Exploration at the Company, stated: "These five mineral rights are in the largest nickel producing district in Brazil. They are located in the vicinity of a nickel mine and within a mafic-ultramafic geological complex highly favorable to lateritic nickel deposits."
About Brazil Minerals, Inc.
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, a listed company developing a quartzite mine and advancing two gold projects. Follow the company on Twitter: @BMIXstock.
https://finance.yahoo.com/news/brazil-minerals-adds-nickel-areas-145900252.html
Brazil Minerals Adds Nickel Areas
Belo Horizonte, Brazil--(Newsfile Corp. - April 11, 2022) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "Brazil Minerals"), the Strategic Mineral Resources Company for the Green Energy Revolution, is pleased to announce that the Company filed applications and received the first priority for five exploratory permits for nickel within a total area of approximately 20,143 acres located in the municipality of Niquelândia, in the Brazilian state of Goiás. Niquelândia, 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 must await the actual publication of such permits in the government gazette prior to initiating any geological work.
Areli Nogueira, Vice-President of Mineral Exploration at the Company, stated: "These five mineral rights are in the largest nickel producing district in Brazil. They are located in the vicinity of a nickel mine and within a mafic-ultramafic geological complex highly favorable to lateritic nickel deposits."
About Brazil Minerals, Inc.
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, a listed company developing a quartzite mine and advancing two gold projects. Follow the company on Twitter: @BMIXstock.
https://finance.yahoo.com/news/brazil-minerals-adds-nickel-areas-145900252.html
SEC-compliant Apollo technical report confirming billions of dollars worth of iron reserves is out. BMIX owns slightly less than 50% of privately-held Apollo.
https://sec.report/Document/0001493152-22-009157/
BMIX
The initial projection was Q1FY22, that is correct. I supposed they might have strategically pushed it forward in connection with the anticipated upcoming up-listing. See my S-1 summary in the stickies.
BMIX
We began to retrieve yesterday from a location in our hard-rock lithium project samples of spodumene that our geologists consider some of the very best to date. Two photos of such samples are attached. Spodumene is the mineral that contains lithium.
We began to retrieve yesterday from a location in our hard-rock lithium project samples of spodumene that our geologists consider some of the very best to date. Two photos of such samples are attached. Spodumene is the mineral that contains lithium. $BMIX #lithium #spodumene pic.twitter.com/c4BTmzsUur
— Atlas Lithium (Nasdaq: ATLX) (@Atlas_Lithium) March 31, 2022
Very strange assessment - 10-K had no surprises for anyone following the company carefully. Very ordinary content of the filing for a mineral company in the developmental stage.
BMIX
I don’t think he was “fired” but rather replaced with a CFO with a much more impressive resume. The fact that the new CFO was willing to leave his long-term position with $270M publicly-traded company and come to BMIX instead -- 1/10th the size — speaks volumes about the potential he sees in BMIX.
Hitting 1c again today.
BMIX
Probably just found a more qualified guy for the job. It is intriguing that this executive would choose BMIX over an established $300MM mining company where he worked for many years — a sign of things to come here.
BMIX
NEW 8-K
On March 16, 2022, Brazil Minerals, Inc. (the “Company”) terminated the Consulting Services Agreement previously entered into with Jason Baybutt, Chief Operating Officer of Pubco Reporting Solutions, who, prior to the termination of the Consulting Services Agreement, served as the Company’s Chief Financial Officer, Principal Accounting Officer, and Treasurer since December 29, 2021.
On March 16, 2022, the Company appointed Gustavo Pereira de Aguiar, age 39, as the Company’s Chief Financial Officer, Principal Accounting Officer, and Treasurer. From 2016 until March 15, 2022, Mr. Aguiar was the Controller of Jaguar Mining, Inc., a Canadian publicly traded company with two producing gold mines in the state of Minas Gerais in Brazil and current market capitalization of approximately $270 million. From 2013 to 2016, Mr. Aguiar was Controller at Grupo Orguel, an enterprise in the construction equipment rental sector in Brazil which received funding from Carlyle, a U.S. private equity group, and from 2010 to 2013, Mr. Aguiar worked at Mirabella Mineração, which at the time was developing its nickel project in the state of Bahia in Brazil. From 2006 to 2010, Mr. Aguiar was an auditor with Deloitte in Brazil. Mr. Aguiar has undergraduate degrees in Business Administration and in Accounting from Universidade FUMEC in Brazil. He has an executive MBA and further post-graduate education in finance from Fundação Dom Cabral in Brazil. Mr. Aguiar is fluent in Portuguese and English and is a licensed accountant in Brazil.
In consideration for his services as an office of the Company, Mr. Aguiar will: (i) receive cash compensation of $9,500 per month; (ii) receive a signing bonus of $25,000 with $12,500 payable within ten days of his start date, and $12,500 three months after the start date; (iii) have the opportunity, based on certain specific performance metrics, to earn additional annual compensation of at most $45,000; (iv) receive 63,763,964 shares of the Company’s common stock, which shares will vest 25% at the end of each yearly period after the start date and over four such yearly periods.
Except as disclosed herein, there are no arrangements or understandings between Mr. Aguiar and any other person pursuant to which he was selected as an officer, and Mr. Aguiar is not a participant in any related party transaction required to be reported pursuant to Item 404(a) of Regulation S-K. There are no family relationships between Mr. Aguiar and any director or officer of the Company.
https://ih.advfn.com/stock-market/USOTC/brazil-minerals-qb-BMIX/stock-news/87575947/current-report-filing-8-k
Nice volume today! But there is more to come.
BMIX
Tomorrow will be the start of a great week...
BMIX
Awaiting those quartzite revenues...
JUPGF
EXCELLENT NEWS TODAY! It appears that the lithium project is headed for the commercialization stage!
https://finance.yahoo.com/news/brazil-minerals-lithium-project-130000505.html
The Company’s Minas Gerais Lithium Project (the “Project”) consists of 44 mineral rights spread 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 overseen by two geologists who are “qualified persons” for lithium within the meaning of such term set forth in Regulation S-K 1300. Such geology team has identified in the Project at least two defined and distinct mineralized ore bodies, both containing spodumene, a lithium-bearing mineral. Geochemical analysis at an independent laboratory of spodumene samples has now indicated the presence of bands of lithium mineralization at concentrations that hold promise for potential economic exploration. Given these preliminary results, the Company, in parallel with continued exploration of new targets and quantification of its deposits, plans to initiate metallurgical studies which will include a spodumene processing route for a commercial product.
https://www.otcmarkets.com/filing/html?id=15622861&guid=RmHwkaHZKycO7Bh
We are getting closer…
BMIX
Iron mine government permits received. We are getting closer…
Brazil Minerals' iron-focused subsidiary Apollo Resources received yesterday the municipality permit for its first mine in the Iron Quadrangle region. One critical step accomplished. Photo of our VP, Joel Monteiro, Esq., receiving the permit from the mayor. $BMIX #lithium #iron pic.twitter.com/J1y8iPOMgc
— Atlas Lithium (Nasdaq: ATLX) (@Atlas_Lithium) February 18, 2022
That’s the million dollar question - I am not 100% sure. Not a lot of detailed information available on this subject online.
There is not much happpening right now to discuss. S-1 was a huge development and now the company is in what appears to be the SEC-mandated quiet period following the S-1. I am sure there will be more development to analyze and discuss within the next weeks to months. To be continued...
https://www.securitieslawyer101.com/2020/form-s-1-registration-statement-quiet-period/
BMIX
The way I understand it - starts with the filing of S-1. Ends with up-listing? I am not 100% sure on exact guidelines here. I have no idea how exactly R/S will be implemented, but I would assume that R/S and up-listing would happen together - as in BMIX starts tomorrow at $4+ and on NASDAQ/NYSE.
Some starting DD for those who are new to BMIX:
1) My summary of the recent S-1 filing:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
2) Some thoughts on the NASDAQ/NYSE up-listing:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167701259
3) BMIX has no convertible notes or debt since May 2021:
https://finance.yahoo.com/news/brazil-minerals-extinguishes-last-convertible-122400532.html
4) Three reasons why risk/reward ratio in BMIX is so good:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167708340
We should keep in mind that following the S-1 filing, the company must enter a quiet period per SEC regulations… This would be a great time to accumulate before the backlog of the PRs can finally be released…
https://www.securitieslawyer101.com/2020/form-s-1-registration-statement-quiet-period/
BMIX
You need to understand the S-1 to understand what will happen in the next month or two. See the summary below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
BMIX
How much lithium did Sigma Lithium produce? The guys right next door to BMIX? Zero. They are valued at one BILLION dollars and are trading on NASDAQ. Mineral companies often trade on potential, not always production.
BMIX
We should keep in mind that following the S-1 filing, the company must enter a quiet period per SEC regulations… This would be a great time to accumulate until the backlog of the PRs can finally be released.
https://www.securitieslawyer101.com/2020/form-s-1-registration-statement-quiet-period/
BMIX
Some starting DD for those who are new to BMIX:
1) My summary of the recent S-1 filing:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
2) Some thoughts on the NASDAQ/NYSE up-listing:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167701259
3) BMIX has no convertible notes or debt since May 2021:
https://finance.yahoo.com/news/brazil-minerals-extinguishes-last-convertible-122400532.html
4) Three reasons why risk/reward ratio in BMIX is so good:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167708340
BMIX
I am sure they can adjust the ratio is this becomes necessary. They were just playing it VERY safe in the initial filing, from what I understand.
BMIX
Any time one goes long on a particular stock, they balance the risk of this stock's price going down vs the desired outcome of the security appreciating in price. However you may feel about the BMIX's positive catalysts -- which are, in fact, numerous: from the upcoming lithium study to potential up-listing to NASDAQ within weeks to months to 2023 revenues from Apollo's iron to 2022 revenues from Jupiter's quartzite to some unexpected partnerships/buyout -- so however you may feel about those, the reality of buying at today's prices is that there aren't really many reasons for BMIX to GO DOWN.
What are the news/events that usually cause a penny stock to drop?
1) Increase in A/S -- already happened and backed-in -- for the purposes of allowing large/institutional investors to lock in shares during he up-listing IPO (which they then must hold for 6 months without any dilution effects per page 6 of the filing).
2) R/S -- already announced and filed, baked-in -- for the purpose of meeting the NASDAQ up-listing price of $4.
3) The last but certainly not the least -- convertible debt. Most of the penny stocks "die by a thousand cuts" from relentless and vicious circle of VWAP-dependent convertibles constantly converting and dumping instantly at the bid. BMIX HAS NO CONVERTIBLE OR OTHER KIND OF DEBT - not an issue.
Even if you are not feeling confident about the catalysts here, the risk of BMIX going down in near-term is minimal as we have simply very little "bad news" potential left after the most recent events. These odds are certainly worth a gamble, if you ask me.
BMIX
We shall see ;)
BMIX
If only EF Hutton guys, who do this for a living, bothered to check basic NASDAQ listing requirements before they signed up as underwriters without even getting paid UNLESS up-listing happens…
BMIX
Depends on the PPS right before the up-list. Yes - $4.
BMIX
They remain convertible-debt free or they could not be up-listing to a legit market, out of the OTC dumps.
BMIX
Depends on what ratio they need to get to $4 at the time of up-listing, which is the reason they are doing it in the first place.
BMIX
BMIX rallying on NASDAQ up-listing news.NO CONVERTIBLES. 100x run one year ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167701259
BMIX
BMIX rallying on NASDAQ up-listing news.NO CONVERTIBLES. 100x run one year ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167701259
BMIX
BMIX rallying on NASDAQ up-listing news.NO CONVERTIBLES. 100x run one year ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167701259
BMIX
BMIX is going to NASDAQ - underwritten by EF Hutton Investment Bank. Please read my S-1 filing summary below from 12/28/22:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167682727
BMIX has NO convertible notes and NO DEBT of any kind since May 2021. Please see the news release below:
https://finance.yahoo.com/news/brazil-minerals-extinguishes-last-convertible-122400532.html
Immediately after the up-listing R/S (as in the next trading day), we will have a debt-free LITHIUM company with up to $17,000,000 cash in the bank raised from the IPO trading on NASDAQ or NYSE at a laughable market cap of $30M or so based on today's price… At this point, it will be on the radars of real institutional players as well due to EF Hutton curating their up-listing process… If one thinks that they somehow will be able to get shares CHEAPER once this happens rather than now, when the fear and lack of understanding of what is happening is abound, please be my guest ;)
Once on NASDAQ, institutional investors will drive this to at least $300MM market cap, at least 10 times multiplier from today's valuation.
BMIX