MGX Minerals picks up huge Argentine lithium spot....The salt lake is at about 11,000 ft above sea level.Evaporation mining impossible.
Purchased 80% undivided interest from investor bank for $3.4 million Canadian.
MGXMINERALS will use proprietary technology to generate hot soft water via geothermal vent.
Hot water will be pumped to bottom of lake dissolving lithium salts to get lithium brine.
Rich lithium brine will be pumped to surface and lithium will be produced immediately.
Process avoids massive capital expenditure.
MGXMINERALS will become dominant low cost producer.
v.lit should partner with MGXMINERALS, otherwise NO production !