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 [...]
Brazil Minerals announced today several developments: 1) the successful recovery of diamond and gold and the unexpected finding of larger alluvial deposits of free gold from a new mining area; 2) a new manganese opportunity; and 3) the visit by an investor representative to the Company's Brazilian operations. During the initial excavation of one of [...]
Brazil Minerals announced today several developments: 1) it had received a new truck from Mercedes Benz in exchange for cashless tax credits; 2) one of its variable-rate notes had been purchased; 3) conversations with a Chinese mining enterprise had advanced and a visit to BMIX in Brazil was being planned; and 4) mining of a new area for diamonds [...]
Brazil Minerals announced that on April 29, 2016 it obtained approval of a report regarding BMIX's Apui/Borba Project for gold from the local mining department. With the completion of this necessary step, the BMIX's title to this mineral right is confirmed and the Company can now work towards obtaining an initial commercial mining permit. BMIX's [...]
Brazil Minerals announced that one of its remaining convertible noteholders has now fully converted its debt into equity. BMIX received notice that LG Capital Funding, LLC has fully converted its remaining variable-rate convertible note. Therefore, as of now, there are only three short-term oriented institutional holders of outstanding convertible [...]
PASADENA, CA--(Marketwired - Feb 1, 2016) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today an update on several matters. The Company announced that it had concluded building a dirt road connecting its large diamond and gold processing plant to an area that it intends to mine for diamonds and gold for the next several [...]
PASADENA, CA--(Marketwired - Dec 18, 2015) - Brazil Minerals Inc. (OTC: BMIX) (the "Company" or "BMIX") announced today that its largest convertible debt note, with an original face value of $378,000, has been fully extinguished. Group 10 Holdings, LLC ("Group 10"), the investor that held this note, had been the largest debt holder in the Company [...]
