BRAZIL MINERALS ADVANCES ON SEVERAL FRONTS
BELO HORIZONTE, BRAZIL--(August 9, 2021) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "Brazil Minerals"), the Strategic Mineral Resources Company for the Green Energy Revolution, is pleased to report continued progress on its Minas Gerais lithium project, as well as significant steps towards mine development for both iron and quartzite projects held at the Company’s subsidiaries.
Lithium: Brazil Minerals has recently purchased its own drill and is hiring personnel for its own field team for drilling dozens of lithium targets identified in exploratory work performed over the last few months. These drilling results will dictate which smaller sub-areas will be further studied with deep drilling from a third-party geological services provider. The Company is seeking to quickly identify its best resource location for mining.
Iron: Brazil Minerals’ subsidiary Apollo Resources continues to advance the necessary studies for its initial iron mine. The drilling campaign with 11 drill holes and 15 trenches was concluded a few weeks ago and the technical report with resources is being written. The Company expects this mine to begin operations in Q4 2022.
Quartzite: Brazil Minerals’ subsidiary Jupiter Gold has finalized and submitted to the local licensing regulator all studies necessary for its initial quartzite mine. The Company expects this mine to begin operations in Q4 2021.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTCQB: BMIX) is an exploration company with two hard-rock lithium projects, as well as projects in other strategic minerals including rare earths, titanium, nickel and cobalt. In addition, Brazil Minerals owns a majority stake in Apollo Resources Corp., a private company developing its first iron mine, and a minority stake in Jupiter Gold Corporation (OTCQB: JUPGF), which is developing two large gold projects and a quartzite mine. Brazil Minerals is well-positioned in the growing ESG space. Follow us on Twitter: @BMIXstock.
