Atlas Lithium Corp (ATLX)

[balamidas]

$$ Official Permit for the 35 holes tested positive$$ >>>




from the last 10 Q BMIX acquired addition 25 % in RST which bring its ownership to 50 %

During the year ended December 31, 2014, BMIXP acquired an initial 25% interest in RST Recursos Minerais Ltda. ("RST"), and during the first quarter of 2015, it acquired an additional 25% interest in RST, thus bringing its total ownership of RST to 50%. As of March 18, 2015, RST has been consolidated within the Company's financial statements.

https://www.otcmarkets.com/filing/html?id=13442648&guid=BZ5IUamhH0j2W8h




RST secure the mining report back in 2015 and published in Official Gazette in March 2018!


"In 2015, RST Recursos Minerais Ltda., a unit of Brazil Minerals Inc., secured a permit from local authorities valid for four years to initiate diamond and gold mining in the area of the Jequitinhonha River."


http://www.in.gov.br/materia/-/asset_publisher/Kujrw0TZC2Mb/content/id/6626278/do1-2018-03-15-despacho-6626274


833.782/2006-RST RECURSOS MINERAIS LTDA.

in September 2018


BMIX updated about the drilling on their 35 holes tested positive and formed a JV for the diamond in that area


link to PR >>

https://www.thediamondloupe.com/mining-and-exploration/2018-09-21/brazil-minerals-discovers-diamond-rich-zone

and in May 2019


BMIX updated again about the drilling on those 35 holes >>

http://www.investorpoint.com/stock/BMIX-Brazil%20Minerals%20Inc/news/4725950325680198/


and Finally in June 4 ,2019


BIMX announced that it has obtained the last necessary approval from a regulatory entity in Brazil to allow mining for gold and diamonds in one of its many Jequitinhonha River Valley mineral rights.


yes investors should pay attention here to the word the "last"

the last is an important word in the PR because the CEO next in the same PR explains that they had to go through the hurdle of changing requirements for licensing and permitting for mining !


http://www.investorpoint.com/stock/BMIX-Brazil%20Minerals%20Inc/news/7677215552325780/

and here we come to" Brazil Minerals believes that the initial excavation to attain the level needed for auriferous and diamondiferous gravel removal will take six to eight weeks, after which regular processing should start."


the CEO has mentioned that BMIX went through the hurdle of changing requirements for licensing and permitting for mining >>>


"Marc Fogassa, CEO of Brazil Minerals, commented, “This news is timely and very well received. We have built a strong local team that is able to work diligently through complex and changing requirements for licensing and permitting for mining. It’s beginning to bear fruit and we’re not stopping here as we want to be producing revenues from multiple mining sites in due time.”




DON'T LET ANYONE FOOL YOU >>>the Production phase on the 35 holes is the hard work of many years now and is here now


BMIX has permits from the Gov ,it is official papers we are talking about here !



the permit for the 35 holes was there since a while ,the drilling updates came in a timely manner and now we are moving it into production !


that is why the big institution came on board last week!!!