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MGX Minerals Inc MGXMF

MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium projects include GC and Petrolithium. Its Gold projects include Heino, Tillicum and Fran. The Driftwood Creek project is located approximately 164 kilometers (km) north of Cranbrook, British Columbia (B.C.). The Marysville magnesite project is located approximately 12 km (7.7 miles) south of Kimberly, BC. The Red Mountain-Topaz-Cleland magnesite property is located approximately 50 km south of Golden. The Botts Lake magnesite property consists of claims approximately 50 km south of Golden, BC. The Gibraltar project is located approximately 95 kilometers northeast of Cranbrook, BC.


GREY:MGXMF - Post by User

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Post by on-targeton Aug 28, 2019 12:25pm
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Post# 30075183

$1.05B est pre-tax cash flows during production @ Driftwood

$1.05B est pre-tax cash flows during production @ Driftwood https://www.mgxminerals.com/energy-resources/magnesium.html

A strategic metal with a North American solution.

Two-thirds of the world's magnesium originates from China. The United States has designated magnesium as a strategic metal. As demand continues to rise and the metal becomes more difficult to source, MGX’s Driftwood Creek magnesium deposit represents a North American solution to a growing global problem.

Located in southeastern British Columbia, Driftwood Creek is the largest undeveloped magnesium deposit in North America. It offers the potential to mine a strategic metal in a geopolitically stable, mining-friendly jurisdiction that meets the highest environmental and ethical standards.


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