Brazil Minerals announced today it has received the final piece of equipment necessary for the gold recovery circuit that processes gravel and thicker alluvial materials of any type found locally. This just delivered machine is a stone remover to be used at the start of the circuit and before the vibrating screen shown in the November 16, 2016 [...]
Brazil Minerals announced today that its operations have been producing gold from fine alluvial material. Three pieces of equipment will be added to the small-plant circuit that recovers gold to permit much thicker material containing gravel, clay, and stones to be processed as well. One of such machines is a large vibrating screen, acquired last [...]
Brazil Minerals announced today that the initial gold retrieval unit (GRU) installed in one of its mining concessions for gold in the Jequitinhonha River valley in Brazil has begun operations as of late last week. This initial GRU was built to specifications at a metalworking facility located in northern Minas Gerais state in Brazil. Following [...]
Brazil Minerals today announced that the first gold retrieval unit (GRU) designed and custom-built for usage in BMIX's areas was delivered to one of its mining concession areas on September 19, 2016. Installation and testing will take several days, after which any adjustments will be made, and then the unit should become operational. As reported in [...]
Brazil Minerals today announced that it had received the final notice of conversion of debt to equity from St. George Investments, LLC, one of its two remaining short-term oriented variable-rate noteholders. The Company believes that the extinguishment of this variable-rate debt and removal of this likely seller of its common stock is a significant [...]
Brazil Minerals today announced that it had received a notice of conversion of debt to equity from St. George Investments, one of its two remaining short-term oriented variable-rate noteholders. The notice indicated that after the conversion SGI would have only $11,726 remaining of BMIX's variable-rate debt. The Company believes that it will [...]
Brazil Mineral announced today that it had further improved its capital structure with the elimination of a large amount of convertible debt and preferred stock from its balance sheet. Four holders of convertible notes payable by BMIX, with a total face value of $200,000 in principal, converted all such notes and their accrued interest into an [...]
Brazil Minerals today announced that Jupiter Gold Corporation, its gold-focused subsidiary, had obtained priority for an exploration license on a gold mineral right covering 4,925 acres in Crixas, extending to an adjacent municipality, in the state of Goias in central Brazil. The Crixas area is one of the largest gold hubs in Latin America. It is [...]
Brazil Minerals announced today that it had improved its capital structure with the elimination of a large amount of preferred stock from its balance sheet. In particular, certain holders of BMIX's Series B Preferred Stock ("Preferred B") as well as the one holder of BMIX's Series C Preferred Stock ("Preferred C") entered into substantially similar [...]
Brazil Minerals today gave a brief update on its first test of a new gold recovery platform. A Gold Retrieval Unit test run of 6.8 cubic meters of material produced 59.1 grams of 96% gold, now molten into a gold bar, as seen in an attached photograph. Note: The photographs cited in this press release are available in the version posted on the [...]
Brazil Minerals today gave brief updates on its gold retrieval platform and first royalty contract for diamonds and gold, disclosed the receipt of two mineral rights for manganese, and announced an ongoing strategy to strengthen its capital structure over time. BMIX has continued to progress well with its gold retrieval platform, as described in [...]
Brazil Minerals announced today that it had signed an agreement with a Brazilian group that will be exploring and processing material for diamonds and gold in one of the Company's properties. This group will bring its own mini-plant to one of BMIX's areas; all work will be open for supervision by the Company at all times. The deal is attractive in [...]