Brazil Minerals’ Mine Byproduct Sold for $200,000

Brazil Minerals, Inc. (OTCQB:BMIX) has received a $200,000 contract for sale of sand – a byproduct of the processing for diamonds and gold – from its Duas Barras mine in Brazil.

As quoted in the press release:

BMIX sees this initial sales contract as an indication of the potential to capitalize on a scarce resource that it has in abundance. BMIX has recently tested its unprocessed sand, in natura,at the SGS-Geosol analytical laboratory. The results demonstrated silica levels of 97%,indicating high quality and meeting criteria for use in a wide range of applications.

Brazile Minerals CEO and Chairman, Marc Fogassa, said:

Our goal is to increase cash flows to fund operations. Sand has virtually no additional cost to us. It provides revenue diversification from diamonds and gold and predictability as it is sitting in piles or in bays and ready for transport. We are excited about exploring the potential of this mineral to add value to us.”

Click here to read the Brazil Minerals (OTCQB:BMIX) press release
Click here to see the Brazil Minerals (OTCQB:BMIX) profile.