SEC Comment Letter for Atlas Lithium Corp (ATLX) (CIK 0001540684) (ATLX) — Oct 19, 2016
Atlas Lithium Corp (ATLX) (CIK 0001540684)
Date: Oct. 19, 2016 · CIK: 0001540684 · Accession: 0000000000-16-097690
AI Filing Summary & Sentiment
Reasoning
Letter
Mail Stop 3561 October 19, 2016 Via E -mail Mr. M arc Fogassa Chief Executive Officer 1443 East Washington Boulevard, Suite 2 78 Pasadena, CA 91104
Re: Brazil Minerals, Inc. Form 10 -K for the Fiscal Year Ended December 31, 2015 Filed April 14 , 2016 File No. 000 -55191
Dear Mr. Fogassa :
We have reviewed your filing an d have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circum stances , please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10 -K for the Fiscal Year Ended December 31, 2015 Item 2. Properties , page 16
1. Please include a map showi ng the location and access to each material property pursuant to paragraph (b) (2) of Industry Guide 7.
2. Please include the expiration date associated with each of you r mineral rights.
3. We note your disclosure on page 16 regarding 4 million ounces of gold and your disclosure on page 25 regarding your forward looking estimates. Only proven and probable reserves and estimates thereof may be disclosed in filings with the United States Securities and Exchange Commission pursuant to paragraph (b) (5) of In dustry Guide 7. Please revise to remove these estimates.
Mr. Marc Fogassa Brazil Minerals, Inc. October 19 , 2016 Page 2
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact John Coleman at (202) 551 -3610 or me at (202) 551 -3790 with any questions. Sincerely ,
/s/ John Reynolds
John Reynolds Assistant Director Office of Beverages, Apparel and Mining
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Mail Stop 3561 October 19, 2016 Via E -mail Mr. M arc Fogassa Chief Executive Officer 1443 East Washington Boulevard, Suite 2 78 Pasadena, CA 91104 Re: Brazil Minerals, Inc. Form 10 -K for the Fiscal Year Ended December 31, 2015 Filed April 14 , 2016 File No. 000 -55191 Dear Mr. Fogassa : We have reviewed your filing an d have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circum stances , please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10 -K for the Fiscal Year Ended December 31, 2015 Item 2. Properties , page 16 1. Please include a map showi ng the location and access to each material property pursuant to paragraph (b) (2) of Industry Guide 7. 2. Please include the expiration date associated with each of you r mineral rights. 3. We note your disclosure on page 16 regarding 4 million ounces of gold and your disclosure on page 25 regarding your forward looking estimates. Only proven and probable reserves and estimates thereof may be disclosed in filings with the United States Securities and Exchange Commission pursuant to paragraph (b) (5) of In dustry Guide 7. Please revise to remove these estimates. Mr. Marc Fogassa Brazil Minerals, Inc. October 19 , 2016 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact John Coleman at (202) 551 -3610 or me at (202) 551 -3790 with any questions. Sincerely , /s/ John Reynolds John Reynolds Assistant Director Office of Beverages, Apparel and Mining