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.

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MGX Minerals Inc

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Comment by FinalAnalyticon Mar 13, 2016 4:04pm

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Post# 24653460

RE:RE:RE:RE:RE:RE:XMG Minerals On The Case of Lithium Brine

The average cost to extract lithium from brine is $3500-$4000 and it sells anywhere from $10,500 for lithium carbonate and $14000 for lithium carbonate.

OPEX and CAPEX numbers will be in for the pilot plant in early April.

XMG has 3,500,000 at the price of $0.20 for issuance the year primarily as a working capital.

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