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 10:49am

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Post# 28349985

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

Today a 120-bpd pilot plant is producing lithium concentrate at the moment, a 750-bpd plant will be assembled in October 2017, and a 7,000-bpd commercial plant will be completed by December 2017. After this MGX hopes that mass production can begin, with the right partners. The company works with long-term financial partners, like lithium producers or O&G service companies, to borrow the money needed for capex, or have advance payments against off-takes made. Besides this, a significant Canadian government grant been applied for through our engineering partner. This grant is to pay for equipment for an 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. That project is a nice consortium of government, an oil sands producer, our engineering partner and a big systems partner to handle control systems, remote monitorin

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