Brazil Minerals Adds Additional Claims

PASADENA, CA - Brazil Minerals, Inc. has added to its list of properties two separate areas, both for cobalt, copper, and nickel, with an aggregate total of 5,011 acres. These claims are in Montes Claros de Goiás and within the region reported to contain 27% of Brazil’s nickel reserves. Cobalt and copper are often found associated with nickel, and usually are by-products of nickel processing.

Cobalt, nickel and copper are needed in the production of parts of electric vehicles. Cobalt shortage is forecasted, and thus Brazil Minerals decided to actively seek high quality properties for this strategic mineral. Brazil’s cobalt production comes entirely from the state of Goiás, where its new mineral rights are located. Goiás is also a large producer of copper and nickel.

Brazil Minerals has been systematically adding to its mineral bank of promising properties. It regularly evaluates and prioritizes its research efforts and utilizes its own equipment for drilling. Recently, the Company has been approached by third parties, including larger mining companies, interested in certain claims in the BMIX Mineral Bank and is in preliminary discussions on these.