Brazil Minerals, Inc. (OTCPK:BMIX) acquired Four Lithium Mineral Rights from group of six persons for $4.5 million on August 18, 2022. Payment of $0.25 million already made on August 18, 2022 and issuance of $1 million worth of shares of Brazil Minerals, Inc. Payment of $0.75 million to be made upon the publication in the official gazette of the government of the title transfer of the Lithium Mineral Rights to the Brazil Minerals, Inc. Thirty days after the payment, the initiation of ten monthly payments of $0.1 million. If any combination of the Lithium Mineral Rights yields at least ten million tons of spodumene containing at least an average of 1.3% Li 2 O, as determined by an SK1300 Report, then an additional payment of $1,000,000 and an additional issuance of $500,000 worth of shares of common stock of the Brazil Minerals, Inc. are to be made.

Brazil Minerals, Inc. (OTCPK:BMIX) completed the acquisition of Four Lithium Mineral Rights from group of six persons on August 18, 2022.