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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Post by Bluebirdson Jan 03, 2017 1:08pm

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Post# 25662292

MGX On track to unlock US$24 Billion lithium resource

Love this bit:

As soon as MGX has proven its technology to be capable of extracting lithium from oilfield brine economically, the company will be in a position to re-file a resource estimate for its Sturgeon Lake Property in Alberta. Previous operators calculated a resource estimate containing approximately 2 million t of lithium carbonate, which however was deemed to be non-compliant with NI43-101 due to no method being established yet for the extraction of lithium from oilfield brines. According to today´s initial results, MGX has successfully extracted lithium from such a brine and thus is on track to unlock Sturgeon Lake´s 2 million t lithium carbonate resource with a corresponding in-situ value of $24 billion USD (at $12,000 USD/t lithium carbonate).

MGX Lithium Alchemy

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