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Bullboard - Stock Discussion Forum 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... see more

GREY:MGXMF - Post Discussion

MGX Minerals Inc > MAGNESIUM MARKETS
View:
Post by Wangotango67 on Jul 27, 2023 5:49pm

MAGNESIUM MARKETS

I scabbed this from a competitor peer whose also is in BC
with a magnesium deposit.

Advancements in Magnesium Batteries

Magnesium-based batteries have been a topic of research for many years due to their potential advantages over traditional lithium-ion batteries. Magnesium ions have a double positive charge, which theoretically allows a magnesium battery to store almost twice as much energy as a lithium battery of the same size. Moreover, magnesium is more abundant and less expensive than lithium, making it a potentially more sustainable and cost-effective solution.

In recent months, there have been several breakthroughs in the development of magnesium-based batteries. Researchers have overcome previous challenges related to the stability and efficiency of magnesium electrolytes, which have historically hindered the commercialization of this technology. New magnesium-based electrolytes have been developed that are stable, non-toxic, and efficient, paving the way for the next generation of high-energy-density batteries.[1],2

Furthermore, several companies are now in the advanced stages of developing magnesium-ion batteries, including Pellion Technologies (US), Magnotec (Australia), MagPower Systems (Canada) and Magpie Technologies (US). These batteries are expected to hit the market within the next few years, offering a promising alternative to lithium-ion batteries. They are projected to have a higher energy density, longer lifespan, and better safety profile, with lower risk of overheating and combustion.

Notably, two papers have highlighted the environmental and safety benefits of transitioning to magnesium batteries: (i) The Environmental Benefits of Switching to Magnesium Batteries; and (ii) The Safety Advantages of Magnesium Batteries Over Lithium-ion. The first paper emphasizes the positive environmental impact of adopting magnesium batteries, while the second one outlines the safety advantages they hold over lithium-ion batteries. This further strengthens the case for embracing magnesium batteries as a sustainable and secure energy storage solution.



Now... as most know,
current ev batteries are lithium carbonate.

If mgx was on their game they'd pull a few tonnes and perform
an extraction that just pulls the magnesium carbonate.

Carbon, is a contributor just as is the oxygen - holding electrons.
Hence - Li2CO3
2 Li
1 carbon
3 oxygen

Factor the potential of formulating a triple bond
as mentioned in former post - they'd have something
unique - far more energy storage.
Mg2C3O3

Not impressed seeing Australia and USA leading in Magnesium
batteries while our massive Mg deposite has sat for years with
several oddities associated like... Eng Firm Furnace report.
$100 mil furnace would dilute the stock into bolivion taking the
value away from shareholders and into anothers hands whom funds it.


No-one opened the wikiki link in former post ?
Had you done so... you'd have read the museum ...
Sounds like inception of, WEF ?

The museum was reopened by the then Duke of York in July 1935, after the completion of the new building on Exhibition Road in South Kensington two years prior - it had housed the ill-starred World Economic Conference in June 1933.


That same museum ---> turned geological survey --->  geoscience
whose growing and expanding and well funded by Gov't growing a massive
geo mineral data base not only B.C but all over Canada..

It's like, i told a few geo's in the last year.
If this entity ( geoscience ) keeps growing they'll be
a competitor to free ( enterprise ) geologists.
Own opinion.

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