THOUGHTS -MGX Silica Claims = Mt Wilson Ventures = Sinova = US Tennessee ( building plant )
Silica claims in Horse Creek Valeey BC renamed - Sinova
Mt Wilson Silica Ventures Web Link routes to
-----> Sinova https://ca.linkedin.com/in/john-carlson-708a75121 Sinova is constructing a modern silicon metal manufacturing plant located in Tennessee near the Port of Cates Landing in the
Lake County Industrial Park. Development of
this project is underway following the significant support of government, and the receipt of permits.
https://sinovaglobal.com/operations/sinova-silicon/ MGX Silica Claims ( Press ) April 28, 2023 MGX has sold its British Columbia Silicon Metal properties to Mt. Wilson Silica Ventures Inc. for $500,000, payable in instalments, pursuant to a purchase and sale agreement dated March 1, 2023. The first instalment of $250,000 has been paid and the property has been transferred. The second instalment will become due and payable when Mt. Wilson Silica Ventures Inc. obtains all permits required for the development, construction and commercial operation of the first mine on the property. The agreement also grants MGX a one-time contractual right of first offer for the purchase at market prices of the lesser of (a) 100,000 tonnes of 99% silica, or (b) 50% of total output production from the property.
^^ sellout vs ^^ better deal for shareholders
REN Tantalum-Niobium
MGX has sold its REN Tantalum-Niobium project to North American Carbonatite Exploration Pty. Ltd. for $140,000 AUS minus outstanding property payments passed due, pursuant to a purchase and sale agreement dated March 9, 2023.
https://ceo.ca/@thenewswire/mgx-minerals-announces-assays-up-to-104-lithium Canada Feds
Provincial
Gold Commissioner
Junior tried to move Silica forward and Driftwood.
No resoonse from 2 of 3 aforementioned parties.
How could one look at this from an investor stance ?
No response = would it affect advancing + stock valution ?
Force sale of claims due to permits, enviro, no responses ?
Coincident ?
The Silica and Nb claims end up stateside ?
SE district BC has Geological Survey Canada ( Fed )
listed as resident Geologist and Geoscience using Radiometers in, central BC.
As mentioned in former post...
SE BC has strong signature traits for - radio minerals
From Golden to Mt Brussilof to Radium Hot Springs all the way down to
Bull River Mine wrap around southern Cranbrook include Greenwood mining camp
up to Vernon which includes the GC claims and Tillicum up to Revelstoke and back to
Golden which includes the Driftwood, Jubille ( lead + silver giant ) Brisco + Spillmacheen.
Longer this drags out.
More shareholders lose value.
USA has our silica + Nb
Feds are suddenly resident Geologist for SE BC with Geoscience working like beavers
compiling new and old data and many juniors unable to raise capital while Govt seeks
energy metals in which to - creatively invest in.
Emergency Act - Gov't + Critical minerals / energies to run country ( eye opener )
vs
former bc junior with U was bought out.
Are we seeing -
no response game, delay game played out using halt, delist common shares ?
Tether shareholders ?
Simply ask,
who now has the minerals US
and whose overseeing SE BC ?
who didn't respond ?
Can't connect to grid ?
The processing of silica to silicon requires significant power, the Company continues to work with the Provincial Power Monopoly BC Hydro in this regard. BC Hydro has advised MGX that while major transmission lines flow through the area, these are primarily for export to the United States and there is little to no power available north of Kimberly, BC. MGX has contacted Teck and the regional authorities for advise on available land and finds it regrettable that MGX cannot acquire low cost hydro electricity due to the the focus of BC Hydro export focus, MGX is asking the Province and other parties to reconsider their provincial power strategy in favor of First Nation and the best interest of the jobs creation of the Kootenay region and that the Province and BC Hydro correct their ways, depriving the people of BC of jobs over profits. Notice of Gold Commissioner
MGX advises shareholders that the Gold Commissioner of British Columbia (“GC”) has advised MGX that he intends to revoke the FMC license of MGX for failure to remediate open portals at Heino Gold, These portals have been open for some 30 years and been ignored.
Nevertheless it has come to MGX and after repeated requests to the GC he has refused to advise David Ebby Premier of the Province in grave disregard for the interest of the citizen. Never the less MGX is prepared to litigate for the loss of its FMC and controls $10B in situ assets in BC.
The GC has refused to advise the Premier of a potential $10B impending litigation.
Therefore MGX has retained counsel consulted with the opposition party and will protect shareholder rights. The Company had requested a half dozen conformity holes for the purpose of sale and offtake to Kinross Buckhorn Milll. Although 400 previous holes had been drilled and some 7000 tonnes bulk sample at over 0.5 oz per tonne Gold had been achieved MGX was denied basic drill permits and as above. It is accepted this will go to Supreme Court of Canada.