Strategic mineral resources firm Brazil Minerals Inc (OTCMKTS:BMIX), which is involved in the green energy sector, made a key announcement yesterday with regards to its iron and lithium ion projects.
The company revealed that over the course of the past weeks, it managed to make significant progress in its iron and lithium ion projects. While it is true that the announcement from the company was a positive one, it did not have much of an effect on investors. The Brazil Minerals stock actually declined by as much as 3% yesterday due to a minor selloff in the stock and it remains to be seen if the decline is an opportunity for investors or not.
The Chief Executive Officer of the company, Marc Fogassa, stated that the company was delighted regarding the latest results that it had managed to obtain from those projects. In addition to that, he went on to stated that it was an exciting time for Brazil Minerals since the company is finally in a position to unlock considerable value from its huge portfolio of mineral rights.
While the stock did decline, the actual news that emerged yesterday was actually positive and hence, investors could consider tracking the Brazil Minerals stock in the coming days.