MARKETWATCH – 11/20/2018 – 20.0 minutes ago
Brazil Minerals, Inc. Announces Initiation of Open Market Trading of its Subsidiary Jupiter Gold Corporation (OTC: JUPGF) BMIX JUPGF
PASADENA, California, November 20, 2018 /PRNewswire/ --
Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "Brazil Minerals") announced today that the common stock of its majority-owned subsidiary, Jupiter Gold Corporation (OTC: JUPGF) ("Jupiter Gold"), has begun trading in the U.S. over-the-counter market with ticker symbol JUPGF. The Company has been informed that JUPGF shares may be transacted through various brokers-dealers such as TD Ameritrade, Inc., Glendale Securities, Inc. and Charles Schwab Corp.
Marc Fogassa, Chief Executive Officer of the Company, commented, "As first stated by us in July 2016, an important component of the business model of Brazil Minerals is the ownership of stakes in independent mineral-specific companies. We are therefore extremely pleased to report that this goal has been achieved for the first time with our subsidiary Jupiter Gold (OTC: JUPGF) becoming publicly-listed and able to grow on its own. Brazil Minerals will focus on the next opportunity from among several high-quality projects that it owns - in cobalt, diamond, lithium, to name a few - whether for joint-venture, partnership, sale, or equity participation via a publicly-listed subsidiary."
Jupiter Gold was founded in August 2016; it has only raised equity to date and has no debt. It is focused on gold opportunities in Brazil, a favorable jurisdiction with a well-established mining code, and currently owns over 95,000 acres of mineral rights. Jupiter Gold's management and consulting team have a successful operational history and track record, encompasses all phases from researching greenfield opportunities to permitting projects and finally to operating mines. All of Jupiter Gold's project locations are strategically selected after a multi-factor proprietary evaluation (geological, environmental, logistical), and a robust pipeline of potential future projects is under analysis.
Brazil Minerals systematically adds high-quality mineral rights to its proprietary bank of properties ("BMIX Mineral Bank"). The table below shows a breakdown of current mineral rights and related acreage. The Company regularly evaluates and prioritizes its research efforts on properties and utilizes its own equipment for drilling.
BMIX Mineral Bank
Gold: 119,989 acres
Diamond (kimberlites): 92,961 acres
Diamond (alluvial): 27,612 acres
Cobalt/Copper/Nickel: 5,011 acres
Iron/Titanium/Vanadium: 4,938 acres
Lithium: 288 acres
Manganese: 4,970 acres
Aquamarine/Beryl/Tourmaline: 288 acres
Sand (construction industry): 4,995 acres
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX) along with its subsidiaries has a business model focused on: 1) mining specific areas for gold and diamonds, and 2) generating projects from its portfolio of high-quality mineral rights for transactions leading to royalties and/or ownership of stakes in independent mineral-specific companies. Our first stake from such strategy is a majority-ownership in Jupiter Gold Corporation (OTC: JUPGF). More information on Brazil Minerals is at www.brazil-minerals.com. Follow us on Twitter: @BMIXstock.
