MGX Minerals Inc. (MGXMF)

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MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Mon Mar 20, 2017 9:27 pm

MGX Minerals Inc., a diversified mining company based in Vancouver, holds asset portfolios in lithium, magnesium, and silicon in western Canada, with a stated focus on the development of industrial mineral portfolios in specific commodities and jurisdictions offering near-term production potential, minimal barriers to entry, and low initial capital expenditures. Targeting properties where large-scale development opportunities exist, they prefer to acquire regional control in mineral properties to enhance portfolio value, and engage industry experts to mitigate execution risk and improve time to market.

Positive developments have made the company's lithium operations a special point of interest. An important factor is the company's engineering partner Purlucid Treatment Solutions, which has developed technologies representing a major step in the process of extracting lithium from petroleum brine water (petrolithium). MGX already holds the largest lithium portfolio in Canada, with its Sturgeon Lake property in Alberta and other lithium assets, and the company is the sole proprietary technology holder for processing petrolithium. Purlucid has now successfully demonstrated a way to upgrade brine samples from 67mg/L of lithium to 1600mg/L of lithium, while at the same time removing all magnesium, boron, and potassium. This significant pre-processing achievement, generating solutions 1200 percent higher than anticipated, can be expected to have an impact on the cost of production for the entire petrolithium process, since, according to Purlucid CEO Dr. Preston McEachern, the "biggest challenge in lithium recovery is creating a clean brine."

MGX and Purlucid together are already in the bulk sample and pilot plant design optimization phase of development in preparation for deployment, progressing toward unlocking their calculated 2 million metric ton lithium carbonate resource. The initial petrolithium pilot plant is projected to process 12,000 liters of brine per day, and management now sees a future plant capable of handling over a million liters of brine per day. It can be reasonable that future plants will be located near a major operation's water collection and reinjection sites, complete with available infrastructure already in place. Using a current conservative price of $12,000 per metric ton, and the potential to produce upwards of 14,000 metric tons of lithium carbonate per year, the potential from just one major plant would be revenues of nearly $170 million annually.

Additionally, MGX Minerals holds the sole legal patent on the petrolithium process across North America, and is now planning operations in Utah, near the emerging Gigafactory underway by Tesla, with its anticipated demand for lithium. The company believes there is a virtually endless source of lithium-bearing brines in North America.

Supporting this is the company's operations with silicon and magnesium. MGX Minerals controls three high-grade silicon projects in British Columbia. There are currently no producers of silicon in western North America, and the company is evaluating the economic viability of producing silicon metal from high-purity quartzite. MGX is also now developing North America's next magnesium oxide mine in central British Columbia, a location with good mineralization and excellent infrastructure.
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Tue Mar 28, 2017 4:58 pm

Lithium Market Soaring, Driven by Battery-Powered Electronics, Automotive Industries

Lithium remains a key commodity for the future due primarily to a rising worldwide demand for rechargeable lithium-ion batteries. Used to power many consumer electronics and electric vehicles, the market for lithium-ion batteries is rapidly growing, on pace to reach $46.21 billion in the next five years. To meet this rising demand, leading lithium mining companies such as MGX Minerals, Inc. (CSE: XMG OTC: MGXMF) (MGX Minerals Profile), Albemarle Corp. (ALB), Sociedad Química y Minera de Chile S.A. (SQM), FMC Corp. (FMC) and Galaxy Resources Limited (GALXF) are tirelessly working to find new, cost-effective ways to successfully extract this valuable mineral.

A key player on the lithium mining market, with a proprietary and lucrative extraction method, is MGX Minerals, Inc. (MGX Minerals Profile). MGX Minerals uses an innovative extraction method called petrolithium, under which lithium and other valuable minerals are sourced from petroleum brine water in a faster and more environmentally friendly way than typical extraction methods such as hard-rock mining or solar evaporation. The company was the first to recognize the potential of petrolithium and to implement a business strategy based on this method. With its engineering partner, PurLucid Water Treatment Systems, MGX has patented and patent-pending technology. The company is positioned as a front runner in the industry – an enviable spot further supplemented by key industry relationships. MGX Minerals has established partnerships with major oil and gas companies and has acquired more than 1.5 million acres of land in regions neighboring oil fields across Canada and the United States.

MGX Minerals’ petrolithium extraction process is based on proprietary technology developed by its engineering partner PurLucid Treatment Solutions, which separates oil from the petroleum brine that contains lithium while also treating the resulting wastewater for reuse as clean water. The company recently reported a major advancement in the development of its filtration and extraction technology after PurLucid successfully upgraded petrolithium brine from one of the company’s largest assets – the Sturgeon Lake Petro Lithium Project in Alberta, Canada. By using a new process that concentrates lithium while removing contaminants, PurLucid was able to upgrade brine from a concentration of 67mg/L Li to 1600mg/L Li during the filtration and pre-treatment stage of the extraction process. MGX and PurLucid are preparing for deployment of this technology, which has the potential to significantly lower the cost of the entire petrolithium process.

With high energy density that makes them ideal for use in portable equipment, rechargeable lithium-ion batteries are used mostly in electronics such as laptops, mobile phones, gaming equipment, etc. The largest industrial consumer of lithium in this sector is Panasonic Corporation (OTC: PCRFY), which manufactures a wide range of electronics powered by rechargeable batteries. The growing popularity of electric vehicles has made the automotive industry another large consumer of lithium, with Tesla (TSLA) the main driving force in this particular segment. Tesla is producing a wide range of electric vehicles and also has plans to start manufacturing its own lithium-ion batteries, in collaboration with Panasonic. According to an Allied Market Research report (http://nnw.fm/b5eTY), the global lithium-ion battery market is expected to continue expanding at a compound annual growth rate of 10.8 percent and reach $46.21 billion by 2022. This is obviously positive news for the lithium mining market, as both lithium prices and well-positioned associated mining companies are likely to continue growing.

Arguably the largest lithium producer in the world at the moment is Albermarle (ALB), a specialty chemical company whose portfolio also includes bromine specialties, refining catalysts, fine chemistry services and more. Based in Charlotte, North Carolina, Albermarle became a lithium superpower after acquiring Rockwood Holdings in January 2015, which gave it control over about 35 percent of the world’s lithium market. It is estimated that the company’s lithium sales were about $508.8 million in 2015, considerably higher than what other industry players reported. Albermarle extracts its lithium from three primary sources: Silver Peak, Nevada; Salar de Atacama, Chile, and a 49 percent stake in Talison Lithium’s hard-rock Greenbushes mine in Australia. The company recently announced plans to expand operations at Greenbushes and more than double the production of lithium carbonate there from 80,000 metric tons to over 160,000 metric tons per year.

With a strong global presence in various industries and applications, Sociedad Química y Minera de Chile S.A. (SQM) is currently the second largest lithium producer in the world, holding about 22 percent of the market. Although the Chile-based company faced some challenges in 2015, including being part of a broader corruption scandal in the country, its lithium revenue business continued to grow, generating revenues of more than $223 million. The same trend continued in the first half of 2016, when SQM reported a 92.1 percent increase in its lithium and derivatives business revenue. The company extracts its lithium from underground brine at Chile’s Atacama Salt Desert. Last year, SQM partnered with Lithium Americas Corp. (OTC: LACDF) to develop a lithium project in Jujuy, Argentina – the company’s first lithium production investment outside Chile.

Often listed as the third largest player in the industry alongside Albemarle and SQM, FMC Corporation (FMC) had lithium segment revenues of $238 million in 2015, and reported an 11.5 percent increase in the first six months of 2016. The company extracts its lithium from its own source, the Salar del Hombre Muerto in Argentina, and also runs its own processing and production facilities where it refined lithium carbonate obtained from lithium chloride into other products such as lithium hydroxide, lithium metals, hypochloride and bromide. FMC Corporation has a proprietary brine extraction technique that reportedly generates the highest-purity lithium available in the entire industry. Met with growing demand, the company is looking to diversify its supply sources and has recently signed a long-term supply agreement with Nemaska Lithium, Inc., under which the Canadian company will provide FMC with 8,000 metric tons of lithium carbonate a year.

Another important, although smaller lithium producer is Australia’s Galaxy Resources Limited (GALXF), with extraction projects in Argentina, Canada and Western Australia. Anticipating a growing demand for the mineral, the company is positioning itself to become a key supplier of high-quality lithium by continuing to develop and expand its current assets. Galaxy Resources Limited owns and recently commenced operations at Western Australia’s Mt Cattlin Spodumene Mine and Quebec, Canada’s James Bay Lithium Pegmatite Project. In addition, the company is expanding operations at Argentina’s Sal de Vida project located in the so-called Lithium Triangle, which accounts for approximately 60 percent of the world’s lithium production.

The above companies, among others, are focused on addressing growing demand for lithium; however, there is another component to consider when exploring plays in this sector. Consider this: according to data from the U.S. Geological Survey, each year 20-30 billion barrels of brine are generated by oil and gas production operations, which is 70 times the volume of all liquid hazardous wastes generated in the United States. As such, the global oil industry is hungry for technology to cost-effectively treat oil wastewater in an environmentally friendly manner.

With its successful extraction of lithium from oil field brine, MGX Minerals has a first-mover advantage to answer the call for efficient wastewater treatment as well as meet the demand for lithium and its growing applications – an achievement that would benefit the environment, oil and gas producers around the world, and company shareholders. For solution providers like MGX Minerals, the potential here is incredible.

For more information on MGX please visit MGX Minerals or https://www.MGXminerals.com
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Fri Mar 31, 2017 4:57 pm

MGX Minerals (MGXMF) Set to Disrupt Industry with New PetroLithium™ Technology

When Harvard professor Clayton Christensen coined the term ‘disruptive innovation’, he had in mind technologies like the one being developed by MGX Minerals, Inc. (OTC: MGXMF) (CSE: XMG) (FRA: 1MG). This innovative company is poised to ignite a revolution in the energy sector with technology that extracts lithium from oil and gas wells. Its PetroLithium™ methodology separates valuable minerals from the salt water that typically accompanies crude oil, offering a novel way to extract lithium, an essential ingredient in the batteries of our laptops, mobile phones, and other electronic devices and, increasingly, our cars. As MGX refines its technology, it is quickly acquiring oil and gas properties, and operation of its initial Petrolithium™ borehole well is set to commence soon.

In an Emerging Theme Radar report (http://nnw.fm/S7uPN), Goldman Sachs (GS) called lithium the ‘new gasoline’, saying its ‘unique properties make it a key enabler of the electric vehicle revolution’. Advances in battery technologies and a growing desire to avoid the hazards of fossil fuels signal a period of sustained growth for electric vehicles, which are forecast to rise from their present three percent of the automobile market to a penetration of 22 percent by 2025. Current demand for lithium runs to about 160,000 metric tons. According to GS, ‘a one-percent increase in battery electric vehicle penetration would increase lithium demand by 70,000 metric tons of lithium carbonate equivalent (LCE) annually (or roughly half of current global demand for lithium).’

Lithium carbonate occurs in the salt water (brine) that accompanies petroleum (crude oil) as it’s pumped to the surface. However, petroleum brine, like gas in the early oil industry, has been treated as a waste product, and it’s either injected deep underground or stored in giant tanks after it is separated from the oil. These traditional disposal methods have resulted in environmental damage: polluting potable water supplies and causing landslides.

The PetroLithium™ process, consequently, holds the promise of killing two birds with one stone: extracting a valuable resource from material that would go to waste while offering a safer way to dispose of that waste. Extracting lithium from petroleum brine is also faster and less costly than conventional methods, like solar evaporation and hard-rock mining. In a recovery process specifically designed for the highly mineralized brine associated with petroleum, lithium brine evaporation times are expected to fall to less than one day. Traditional solar evaporation techniques take up to 18 months.

In early March, MGX reported encouraging results for tests on its latest petrolithium methodology. The extraction process was able to concentrate lithium more than 20-fold while removing contaminants in a low-energy process. Solutions of 67 mg lithium per liter of petroleum brine were concentrated to 1,600 mg lithium per liter.

MGX has significantly expanded its Alberta petrolithium portfolio through the acquisition of additional metallic and industrial mineral permits covering over 133,000 hectares, and it has acquired an additional 301 mineral claims encompassing 6,020 acres within the Paradox basin of southeastern Utah. The new claims further increase the company’s Lisbon Valley land package to 23,780 acres. The Lisbon Valley oil and gas field is located approximately 40 miles southeast of Moab, Utah, in the salt anticline belt on the southwest edge of the Paradox Basin in San Juan County. Historic lithium brine content there has been reported as high as 730 parts per million of lithium.

Last week, MGX announced it had entered into a joint operating agreement with a private vendor to act as operator and acquire a 75 percent working interest in certain oil and gas leases located contiguous to the company’s Lisbon Valley petrolithium project. Preparations to permit the petrolithium #1 borehole well will commence upon closing of the agreement.

MGX is offering a win-win combo with its PetroLithium™ technology, which promises a faster, less expensive method of lithium extraction, while disposing of oil and gas production waste in an environmentally friendly way. The company is a diversified mining company engaged in the development of large-scale industrial mineral portfolios in western Canada and the United States. MGX operates lithium, magnesium and silicon projects throughout British Columbia and Alberta, as well as petrolithium exploration in Utah.

For more information, visit the company’s website at www.MGXMinerals.com
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Wed Apr 12, 2017 6:32 pm

MGX Minerals (MGXMF) is Turning Oil Brine into White Gold with Novel PetroLithium™ Technology

MGX Minerals, Inc. (OTC: MGXMF) (CSE: XMG) (FRA: 1MG) may not be spinning straw into gold the way Rumpelstiltskin did, but it’s coming close with a novel technology that promises to produce ‘white gold’, or lithium from petroleum production brine. Its PetroLithium™ technology extracts lithium carbonate from the salt water that accompanies crude oil as it is pumped to the surface. Lithium carbonate represents a major source of lithium used extensively in batteries for electronic devices, and demand for the mineral is set to expand as sales of electric cars increase.

MGX has acquired working interests in over 1.7 million acres of lithium-bearing brine formations throughout North America. This includes massive land positions throughout the Province of Alberta, as well as the Paradox Basin in Utah. In Utah, the company has acquired a dominate land position in the Paradox Basin, where historic wells reported lithium values as high as 730ppm lithium. The company just announced plans to consolidate oil and gas rights within its Lisbon Valley project and permit the petrolithium #1 borehole well.

Lithium first came into use as a medicinal aid in the middle of the nineteenth century. Lithium carbonate was prescribed to dissolve stones in the bladder, while other lithium salts were recommended for use against gout, rheumatism and depression. Lithium carbonate has been used extensively to treat mania associated with bipolar disorder. However, in 1991, after Sony commercialized the lithium-ion battery, the future of lithium was redefined.

Now, the metal has become so lucrative that it’s being touted as ‘white gold’. Lithium carbonate, from which it is isolated, is a white crystalline powder. Its rising value is buoyed by rapidly growing global demand for rechargeable lithium-ion batteries used to power mobile electronic devices and, increasingly, electric vehicles such as the Nissan Leaf and Tesla Model S. All told, the global lithium-ion battery market is forecast to grow at a CAGR of 10.8% and reach $46.21 billion by 2022, according to Allied Market Research (http://nnw.fm/zC2Hb).

At present, though, as a supplier of lithium, the U.S. looks likely to be left out. Global production of lithium comes mainly from Australia (36%) and Chile (36%), with supplies from China (14%), Argentina (8%), Zimbabwe (3%), Portugal (2%) and Brazil (1%) making up the balance, according to data provided by Australian mining company Dakota Minerals (http://nnw.fm/W7VyT). Notably, the U.S. is absent from that list. The only viable U.S. lithium operation is the Silver Peak mine owned by chemical giant Albemarle in Clayton Valley, Nevada. The dearth of domestic lithium mining operations, consequently, presents a great opportunity for MGX.

MGX’s patent-pending PetroLithium™ technology, being developed in collaboration with PurLucid Treatment Solutions (http://nnw.fm/fF3mO), extracts lithium carbonate from the brine associated with petroleum deposits while also treating the resulting wastewater for reuse as clean water.

Much of the petroleum and natural gas found in the U.S. was created in the Earth’s crust at the site of ancient seas by the decay of sea life. As a result, these shale, petroleum and gas deposits often occur in aquifers containing brine (salt water).

The company recently reported a major advancement in the development of its filtration and extraction technology (http://nnw.fm/V8SjT) after PurLucid successfully upgraded petrolithium brine from one of the company’s largest assets – the Sturgeon Lake Petro Lithium Project in Alberta, Canada (http://nnw.fm/CW3eL). By using a new design process that concentrates lithium while removing contaminants, PurLucid was able to upgrade brine from a concentration of 67mg/L Li to 1600mg/L Li during the filtration and pre-treatment stage of the extraction process.

Extracting lithium from petroleum brine is also faster and less costly than conventional methods, like the solar evaporation used at Silver Peak by Albemarle. In the recovery process specifically designed for the highly-mineralized brine associated with petroleum, lithium brine evaporation times are expected to fall to less than one day, while traditional solar evaporation techniques take up to 18 months. This is technology that could revolutionize the energy sector.

For more information, visit the company’s website at www.MGXMinerals.com
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Thu Apr 13, 2017 4:34 pm

MGX Minerals, Inc. (MGXMF) Continues Strong Start to the Year as Lithium Mining Booms

In the first few months of 2017, MGX Minerals, Inc. (OTC: MGXMF) announced a cheaper lithium extraction process (http://nnw.fm/tQ5wC) that yielded 1600mg/L of lithium and also recovered potentially saleable by-products of magnesium, boron and potassium.

The market for lithium-ion batteries is expected to grow in value to $46.21 billion annually within the next five years thanks to growing demand from electric car manufacturers such as Tesla, Nissan and BAIC Motor.

Thanks to its unique characteristics, lithium provides the most energy per weight or volume, so batteries can be made smaller and more efficient. The demand is growing rapidly, and Deutsche Bank (NYSE: DB) and Macquarie Research predict growth rates between 60 and 250 percent in the next few years alone.

Electric cars and consumer products utilizing lithium-ion batteries are not the only reason for lithium’s explosive growth prospects. Renewable energy sources such as wind and solar are also becoming increasingly reliant on lithium-ion battery storage. Without the ability to store clean energy for on-demand delivery to the grid, renewable sources will remain unable to compete with fossil fuel sources.

The increasing demand suggests increased pressure on suppliers, who have been slow to respond with opening up new supply chains. According to a Bloomberg press release (http://nnw.fm/Hd8pU) that quoted the world’s largest lithium producer, Albemarle Corp. (NYSE: ALB), lithium carbonate prices spiked in China from $4,000 in 2014 to over $20,000 per metric ton in 2016.

A lithium mining boom is currently underway. Many companies exploring for lithium have set their sights on Clayton Valley, Nevada, which is home to the only lithium-producing mine in North America. Clayton Valley is attractive, because lithium can be extracted from brine aquifers, rather than high cost hard rock mining. The brine is evaporated in large settling ponds in a process that can take 18-24 months. The low grades at Clayton Valley are offset by large quantities and low costs of the evaporation technique.

MGX, however, has banked on decreasing the evaporation timeline to less than one day. Its patent-pending PetroLithium™ methodology separates valuable minerals from salt water (brine) that accompanies oil and gas production. Until now, petroleum brine has been discarded as a waste product, but MGX is working to develop technology that will extract lithium and other valuable minerals in less than one day while also cleaning the wastewater brine and making it safe for the environment.

In early March, MGX reported that it had concentrated 20 times more lithium than was concentrated through earlier extraction methods (http://nnw.fm/bVQw6), while contaminants were removed using less energy. The company has expanded its mining operations from Alberta into the Lisbon Valley oil and gas field located in the Paradox basin, near Moab, Utah. MGX has also signed an agreement to earn a 50 percent interest in the Paradox Basin Lithium Brine Property, thanks to a recently announce joint-venture with Scientific Metals Corp.

In total, MGX has built a lithium portfolio spanning over 175 million acres, or 2,400 square miles, throughout North America. At current prices, it’s estimated that there could be $18 billion worth of lithium to be mined. The pace appears to be picking up for MGX and lithium mining in general.

For more information, visit the company’s website at www.MGXMinerals.com
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