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 Ron101020on Jul 22, 2018 10:42am

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Post# 28349975

RE:RE:RE:RE:RE:RE:Zincnyx IPO on OTC

TCI: When exactly are the 750 bpd and 7,500 bpd plants completed, and what caused the delay as these were both supposed to be up and running now? JL: The 750bpd plant will be finished in March 2018, and this means a six-month delay that was caused by more additional testing. The 7,500 bpd plant will be finished in June, which also means a six-month delay, but this has been caused predominantly by the government grant of $8.2M taking longer, besides more testing. This grant is to pay for equipment for the aforementioned oil sands water handling contract, where this would pay for about 2/3 of the necessary equipment of a 7,000-bpd plant and MGX would pay the balance (about $4.1M). That project is a nice consortium of government, an oil sands producer, our engineering partner Purlucid and a big systems partner to handle control systems, remote monitoring and AI.

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