19:10:54 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



MGX Minerals Inc
Symbol XMG
Shares Issued 99,758,991
Close 2018-02-13 C$ 1.52
Market Cap C$ 151,633,666
Recent Sedar Documents

MGX Minerals starts brine testing in Chile

2018-02-14 06:36 ET - News Release

Mr. Jared Lazerson reports

MGX MINERALS COMMENCES LITHIUM BRINE TESTING IN CHILE; MULTIPLE PROJECTS TO BE EVALUATED

MGX Minerals Inc. has commenced joint brine testing with four Chilean mining companies at multiple salars located throughout Chile. The projects are at various stages of development. The purpose of joint testing is to provide a basis for future potential joint venture locations that will utilize MGX's lithium extraction technology. All samples are being shipped to Calgary, Alta., to undergo pilot plant testing.

The mining-friendly region of Chile is host to approximately 50 per cent of global lithium reserves and is responsible for one-third of global annual output. The world's leading lithium producers and some of the largest and highest-grade salars globally are located in Chile. The country is host to well-developed infrastructure and a skilled labour force. Additionally, recent elections have led to a new government taking office next month. The new incoming Minister of Mines, Baldo Prokurica, has publicly stated his intent to reform the country's mining industry through the rollout of a new mining development plan that will foster foreign investment into the country.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America.

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