Vancouver, British Columbia--(Newsfile Corp. - June 30, 2016) - MGX Minerals (CSE: XMG) (FSE: 1MG) has retained ChemCognition
LLC, of Huntersville, North Carolina, to provide strategic marketing and product development services for the company's lithium
properties in Alberta.
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Chemco is led by President and co-founder, Claudio Manissero, with more than 40 years' experience in the mining, environmental
and oilfields industries. Of particular value to MGX Minerals are his 21 years with FMC Corporation, the second largest global
producer of lithium and the only mine-to-metal producer of lithium in the world.
MGX has consolidated a majority of Alberta's high-grade lithium brine properties, and now controls more than 243,000 hectares
throughout the Province. The properties have excellent infrastructure, with permits located within and around past producing oil
fields, covering some of the highest reported levels of lithium-bearing brine within Alberta. The brine is currently being pumped
to the surface from depths of between 1,660 metres and 3,300 metres below surface as a waste product of hydrocarbon production.
The company has also obtained the intellectual property and design rights to a technology than can potentially reduce lithium
brine processing times from 18 months to one day.
The company is also involved in other projects, including the building of a magnesium oxide mine at Driftwood Creek, British
Columbia, where the company has secured a 20-year mining lease for the project and a 100-tonne bulk sample was recently completed.
The company has acquired three highly prospective silicon projects in British Columbia and is evaluating the economic viability of
producing silicon metal from high purity quartzite.
MGX recently closed an over-subscribed private placement raising gross proceeds of $615,000 through the issuance of 6,150,000
units at $0.10 per unit. The shares are currently trading at $0.18, and with 41.6 million shares outstanding, the company is
capitalized at $7.5 million.
For more information, please visit the company's corporate website, www.mgxminerals.com, contact Jared Lazerson, CEO, at 604-681-7735 or email jared@mgxminerals.com.
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