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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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Mon Oct 02, 2017 4:03 pm

MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) is “One to Watch”

- Nearly 2 million acres of brine-bearing formations acquired to date
- Successfully extracted lithium from oilfield wastewater brine using proprietary process
- Wastewater treatment industry projected to grow into $45 billion market annually by 2025
- Diversified portfolio of lithium, magnesium and silicon assets in North America
- Global lithium-ion battery market projected to reach $93 billion by 2025

MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) is a diversified Canadian resource company developing large-scale mineral portfolios in specific commodities and jurisdictions in North America. The company controls significant interest in lithium, magnesium and silicon assets that offer streamlined development timelines and low capital expenditures. MGX Minerals and its engineering partner have developed a patent-pending, low-energy design process to extract valuable minerals from the abundant, highly mineralized brine wastewater produced each year by oil and gas companies.

This proprietary, petrolithium process rapidly concentrates lithium and other minerals from brine in less than a day. That’s a stunning advancement from the conventional method of extracting minerals from brine through an evaporation process that can take up to 18 months, requires hundreds of acres of land, and averages less than a 50 percent mineral recovery rate. Using this advanced water purification technology, MGX Minerals cleans the wastewater that accompanies petroleum as it’s being pulled up to the surface. The company’s petrolithium process eliminates the need to inject contaminated wastewater back into the ground, which prevents drinking water contamination and possible earthquakes.

In January 2017, MGX Minerals successfully recovered concentrated lithium from heavy oil evaporator blowdown wastewater using its rapid recovery process, an accomplishment independently confirmed by the Saskatchewan Research Council. In August 2017, the company also successfully processed wastewater and lithium brine from eight North American projects at its one-cubic-meter-per-hour processing plant, proving the technology is economically viable. Research group Global Water Intelligence expects the wastewater treatment industry to grow into a $45 billion market annually by 2025, which suggests there are ample revenue-generating opportunities for MGX Minerals technology.

Lithium, the “white gold” of the new energy economy, is the key to clean energy development as global demand for hybrid and electric vehicles, high-drain portable electronic devices, and large-scale energy storage systems ramps up. Grand View Research, Inc. reports that the global lithium-ion battery market is expected to reach $93.1 billion by 2025. Current market forces show a high demand for lithium and a low supply, which further supports the necessity of MGX Mineral’s cleaner, faster method of extracting high-value minerals from brine wastewater.

MGX Minerals is led by a team of industry standout performers who have worked in the mining and technology industries for decades. The leadership team is joined by an array of top-notch technical partners with unmatched experience in the oil and gas sectors, environmental services industry, marketing and product development, along with applied research and commercial development of technologies.

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

Postby QualityStocks » Mon Oct 16, 2017 5:07 pm

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Announces Advancement in Magnesium Extraction

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), alongside engineering partner PurLucid Treatment Solutions, this morning announced its recent advancement in magnesium extraction. The optimization focused on addressing complex brines with very high magnesium levels, as well as extraction to a common marketable form of magnesium compound. “Magnesium in brine, often referred to as hardness in water, has traditionally been one of the major issues in processing of lithium concentrate,” Jared Lazerson, CEO of MGX Minerals, stated in the news release. “Removal of very high levels of magnesium opens up a large number of global lithium brine sources for consideration that were previously considered too high in magnesium. This represents a triumph of technology over perceived resource quality, in particular, that the magnesium has been extracted in a common form of widely used industrial mineral compound.” Per the update, this refined extraction technology continues to rely on previously developed low energy, low cost nanofiltration and is currently covered under existing patents and patent-pending applications.
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Thu Oct 19, 2017 4:19 pm

World Demand for Lithium Growing Rapidly as Energy Storage Needs Skyrocket

NetworkNewsWire Editorial Coverage: Today’s world is moving at a faster pace than ever, and China’s recent announcement that it is setting a deadline for automakers to end sales of fossil-fueled vehicles and shift to electric vehicles is fueling much of the race. China isn’t alone in seeking a seismic change from its dependence on the internal combustion engine and its contribution to greenhouse gases and climate change. Several other countries, including the United Kingdom, Germany and France, have made similar statements that voice a desire to move toward using vehicles powered by alternative fuels such as lithium-ion batteries (http://nnw.fm/qeU4H). For companies like MGX Minerals, Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) (MGXMF Profile), Tesla, Inc. (NASDAQ: TSLA), Sociedad Quimica y Minera S.A. (NYSE: SQM), Nemaska Lithium, Inc. (TSX: NMX) (OTCQX: NMKEF) and Albemarle Corp. (NYSE: ALB), this global drive to utilize cleaner, more renewable technology means investing in the “white gold” of lithium.

As the world’s largest car market, China’s decision to require one out of every five cars sold in that country to run on alternative fuel by 2025 is forcing automakers to step up production of electric cars or risk being left behind with the proverbial empty bag. According to an article in the New York Times, China buys more General Motors-branded cars than Americans do. In fact, even for Tesla, which makes luxury electric sedans, China has become the company’s second-largest market (http://nnw.fm/3QboO). Other major markets for lithium – including glass, ceramics, lubricating grease and metallurgy – are also expected to post moderate gains as lithium continues to be needed in these segments of the economy.

Producers of processed lithium – the key element for batteries used in electric vehicles and modern consumer devices such as cell phones and laptop computers – are keen to provide enough lithium to satisfy even the most demanding customer. Global forecasts for electronic vehicle sales are expected to reach more than 3 million units by 2021 and just over 14 million units in 2025, according to analysts at global financial firm UBS (http://nnw.fm/Non1L). Accordingly, the demand for lithium is strong, Grand View Research stated in a recent report, noting that the global lithium-ion battery market is projected to soar to $93.1 billion by 2025. Current market forces mean lithium investments and projects in the pipeline need to ramp up quickly to serve the world’s aggressive appetite for this cleaner energy source.

MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), which controls a significant interest in lithium, magnesium and silicon assets that offer streamlined development timelines and low capital expenditures, is directly in line to grow with the booming EV market. MGX Minerals and its engineering partner, PurLucid Treatment Solutions, have developed a patent-pending, low-energy design process to extract valuable minerals like lithium from the abundant, highly mineralized brine wastewater produced each year by oil and gas companies. This proprietary, petrolithium process rapidly concentrates lithium and other minerals from lithium-bearing brine in hours, compared to traditional solar evaporation, which takes 18-24 months and requires hundreds of acres of land.

As announced earlier this week (http://nnw.fm/rO5xN), MGX and PurLucid took another step toward commercialization of their rapid lithium extraction system with the removal of “very high levels of magnesium” at the PurLucid facility in Calgary, Alberta. The pre-treatment removed all of the 76,000 mg/L of magnesium from lithium brine bulk samples, reducing the post-treatment concentration to less than 1 mg/L.

“The recent optimization focused on addressing complex brines with very high magnesium levels as well as extraction to a common marketable form of magnesium compound. … The ratio of magnesium to lithium has long been a major issue in traditional lithium brine extraction and high magnesium has often been prohibitive in the traditional extraction of lithium from brine using solar evaporation / conventional processing as well as selective lithium extraction technologies due to the similarity of molecular properties of lithium and magnesium ions. … The extraction technology continues to rely on previously developed low energy, low cost nanofiltration and is currently covered under patent and patent pending applications,” MGX Minerals stated in the press release.

As MGX Minerals continues to develop its advanced water purification technology, the company is also solving the problem of what to do with the 800 billion gallons of wastewater created annually as petroleum is extracted from the earth. The company’s petrolithium process eliminates the need to inject this contaminated wastewater back into the ground, preventing drinking water contamination and possible earthquakes. Instead, as MGX Minerals recovers concentrated lithium and other valuable minerals from the unavoidable wastewater, it leaves a remarkable product behind – clean water. The recent addition of several key oil and gas mining and technology industry veterans to the company’s management team continues to solidify MGX’s aggressive plan to fuel tomorrow’s energy economy today.

For Tesla (TSLA), a sustainable energy company that produces electric vehicles, solar panels and solar roofs, the lithium-ion battery is an essential component of its business strategy and one the company isn’t leaving to chance (http://nnw.fm/J235c). Tesla’s $5 billion Nevada gigafactory began mass producing lithium-ion battery cells to use in powering the company’s electric vehicles earlier this year. The company aims to build 500,000 electric vehicles by 2018, and CEO Elon Musk has announced his intention to build several more gigafactories to meet the company’s established need for a stable supply of rechargeable lithium-ion batteries. Morgan Stanley analysts predict that by 2050, over 80 percent of 132 million new auto sales will be electric vehicles (http://nnw.fm/Ar1s0).

One of the world’s top lithium producers, Chile’s Sociedad Quimica Y Minera (SQM) plans to expand its lithium carbonate capacity to 63,000 metric tons (compared to the 45,000 tons currently produced per year). The specialty chemical company has significant operations in lithium, iodine (for X-ray contrast media) and specialty potassium fertilizers. Chinese private equity firm GSR Capital is reportedly exploring buying a substantial stake in SQM, which would line up with China’s attempts to secure a continuous supply of this vital raw material (http://nnw.fm/3HkiL).

Canadian-based Nemaska Lithium (TSX: NMX) is an exploration stage lithium mining company that intends to supply lithium hydroxide and lithium carbonate to the lithium battery industry. The company, whose stated vision is to facilitate “access to green energy through our products and processes for the benefit of humanity,” expects to accomplish this goal through development of one of the world’s richest spodumene hard rock lithium deposits. Nemaska Lithium is pursuing patent protection for a proprietary production process, which it hopes to achieve in multiple global jurisdictions (http://nnw.fm/0AlbI).

Global specialty chemical company Albemarle (ALB), with operations in lithium, bromine and oil refining catalysts, recently announced that it has developed an innovative technology to increase total lithium production at a Chilean facility. Once current expansion projects are completed and producing at capacity at the site, the company plans to build and start-up additional lithium carbonate capacity in Chile in the early 2020s (http://nnw.fm/3GiX1).

The driving economic force behind the development of lithium is undeniably a growing desire on behalf of consumers and governments alike to move away from vehicles that pollute the atmosphere toward greener, more efficient hybrid and electric vehicles, the obvious need for better energy storage systems and an insatiable thirst for a variety of high-drain portable electronics. These industries continue to march forward with no slowing in sight, making the lithium market one of the fastest growing commodity markets in the world. This rare metal, found in continental brines, hard rock minerals and clay in various parts of the world, owes its media hype to good old-fashioned science. Lithium’s excellent electrochemical potential, catalytic characteristics and light weight make it an excellent resource for various commercial and industrial sectors.

Given the fact that lithium-ion batteries are the energy cells of choice for electric vehicles, smart grid electricity and everyone’s favorite mobile electronic device, the global lithium market will continue to offer numerous opportunities for investors as lithium production ramps up throughout the world. Lithium’s allure as a silver-white soft metal, the lightest metal in the periodic table, can’t be overstated when it comes to the stunning number of possible industry applications. Electric cars and buses, cell phones and laptop computers, renewable batteries and energy storage, medical devices and products – they’re all seen as part of the green revolution powered by lithium.

For more information on MGX Minerals, please visit: MGX Minerals, Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF).
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Sat Oct 28, 2017 7:33 am

MGX Minerals, Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Strongly Positioned to Capitalize on Increasing Global Demand for Lithium

- Global sales of lithium-ion batteries projected to reach $93 billion by 2025
- MGX Minerals has proprietary, patent-pending PetroLithium™ technology to process lithium faster and at reduced cost
- PetroLithium™ process promises excellent low energy and low cost solution for lithium processing using nanofiltration
- MGX offers oil and gas companies a green solution to wastewater management

With processed lithium being predominantly used in batteries to power electric vehicles, cell phones, laptop computers and other mobile devices, analysts have predicted a growth in the lithium-ion batteries market over the next five years to annual sales of over $46 billion. This presents a growth opportunity for suppliers of processed lithium, with MGX Minerals, Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) being pre-eminent in this field. Together with its engineering partner, PurLucid Treatment Solutions, MGX has developed a patented PetroLithium™ process to extract lithium from brine wastewater, a by-product of oil and gas processing (http://nnw.fm/mL4V1).

Many analysts are calling lithium the new green energy source because of its huge potential for use in the storage of clean, renewable and environmentally friendly energy. Lithium is used in power sources to drive systems and equipment in many multi-billion-dollar industry sectors, as well as for diverse applications, from electric vehicles to energy grid storage. Vancouver-based MGX Minerals is a developer of lithium, magnesium and silicon products and is perfectly positioned to service the projected global demand for lithium, with its PetroLithium™ process truly game changing in the industry. At this point in time, MGX’s innovative technology has placed it way ahead of other lithium processors and perfectly positioned to scale up its operations to supply the world’s lithium.

The PetroLithium™ process substantially reduces the duration and cost of the traditional process using solar evaporation, which requires vast tracts of land and takes between 18 and 24 months to complete. MGX’s process also displays environmental integrity by eliminating the traditional method of disposing of wastewater back into the ground, which contaminates potable water supplies and can cause landslides.

MGX has concluded agreements with oil and gas companies to conduct well testing and exploration throughout Alberta and in Utah so as to expand its lithium portfolio. The company offers operators within this industry sector a unique and environmentally friendly solution for the disposal of their wastewater. Their licensed nanoflotation technology separates heavy metals and hydrocarbons from the brine, purifying the wastewater and providing feedstock for the PetroLithium™ process. This proprietary technology offers a win for oil and gas companies and a cost-effective solution to their wastewater disposal headache. It is anticipated that more companies in the oil and gas industry will be lining up to integrate this technology into their operations.

There are several factors driving the global demand for lithium (http://nnw.fm/9yDCl). As part of its commitment to reduce greenhouse gas emissions and slow down climate change, China has recently announced its requirement for one in every five cars sold to run on alternatives to fossil fuels by 2025. Electric vehicles running on energy stored in lithium-ion batteries is the foremost technology of these alternatives, and several European countries, including Germany, France and the United Kingdom have also voiced their preference to move away from vehicles driven by internal combustion. The financial services company, UBS, has forecast a growth in electric vehicle sales (http://nnw.fm/4ZUkJ) from 3.1 million units in 2021 to 14.2 million units in 2025, while Grand View Research (http://nnw.fm/wcy0N) has projected global sales of lithium-ion batteries to reach $93 billion by 2025.

The demand for lithium batteries will also come from the exponential growth in the use of mobile devices like smartphones, tablets and laptops, especially in emerging economies. Lithium-based storage technology is used for greener, renewable power generation options like solar and wind, and the demand for processed lithium will increase as more countries replace the use of fossil fuels for power generation in favor of these cleaner alternatives.

All indications are that the worldwide market for lithium will experience exponential growth over the next eight years. It is evident that, with its proprietary technology and expertise in lithium processing, MGX Minerals is uniquely positioned within the industry to take advantage of this projected global demand for lithium.

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

Postby QualityStocks » Thu Nov 02, 2017 4:41 pm

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) JV Partner Reports Initial Assay Results from Case Lake Property

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has received initial assay results from drilling at the Case Lake property located in the Steele and Case townships near Cochrane, Ontario. Per the update, drilling has intersected three wide high-grade lithium and tantalum mineralized intervals, including PWM-17-08 (1.94 % Li2O and 323.75 ppm Ta over 26.0 m), PWM-17-09 (PWM-17-09: 1.23 % Li2O and 148.0 ppm Ta over 16.0 m) and PWM-17-10 (PWM-17-10: 1.74 % Li2O and 245.96 ppm Ta over 15.06 m). “We are thrilled from this first batch of assays,” Johnathan More, chairman of Power Metals, stated in the news release. “This represents a very small portion of holes drilled to date and we are eager to see more results as we receive them from the lab. The high-grade Tantalum is a huge bonus to PWM as we remain focused on the high-grade Lithium.” MGX currently has a 20 percent working interest in Case Lake with the rights to acquire an additional 15 percent.
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Mon Nov 06, 2017 6:01 pm

NetworkNewsBreaks – MGX Minerals’ (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Engineering Partner Awarded C$8.2M to Develop Water Treatment System

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that PurLucid Treatment Solutions, its engineering partner, has been awarded a non-repayable contribution totaling up to C$8.2 million in government funding, including grants from both Sustainable Development Technology Canada (“SDTC”) and Emissions Reduction Alberta (“ERA”), in support of the commercialization of a low energy water treatment system for the oil and gas industry. “Treatment of wastewater has always been a challenge and significant cost to oil and gas producers; it is also essential to implement petrolithium recovery,” Dr. Preston McEachern, founder and CEO of PurLucid, stated in the news release. “We’re grateful to receive support from SDTC and ERA in the form of development contributions, to build the first commercial system at an operating oil production facility in Alberta and to demonstrate the large cost and energy savings that can be achieved with these systems.” MGX currently owns a 34 percent stake in PurLucid and maintains the right to acquire 100 percent through successive future investments
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Wed Nov 08, 2017 6:14 pm

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Announces Plans to Conduct Geophysical Survey at Paradox Basin

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that it has engaged Dawson Geophysical Company of Houston, Texas, to conduct a detailed seismic geophysical survey over the Blueberry Unit within the company’s Paradox Basin Petrolithium project in Utah. Per the update, preparations are already underway, and Dawson expects to commence the survey shortly with the goal of identifying subsurface geological formations and structures that are favorable to the accumulation of oil, gas and mineral brine deposits. MGX currently holds a 75 percent working interest in the Paradox Basin project, with the remaining interest primarily controlled by a private Utah corporation that has been engaged by MGX as a subcontracted operator of the project.
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Re: MGX Minerals Inc. (MGXMF)

Postby QualityStocks » Mon Nov 13, 2017 5:35 pm

MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Sees Potential for Exponential Growth as Demand for Lithium is Fed by Electric Cars and Mass Storage

- Company’s quick and clean method of extracting magnesium, lithium and other valuable industrial minerals from well brine, while purifying byproduct mining wastewater, provides huge operational advantage
- MGXMF owns proprietary nanoflotation technology that, in just days versus months, can extract valuable minerals, such as magnesium and lithium, from oilfield lithium brine while purifying the wastewater byproduct
- MGX controls significant interest in magnesium, lithium and silicon assets throughout North America; it is Canada’s largest holder of lithium brine assets with around two million acres in North America
- MGX and its engineering partner use exclusively licensed and patented nanoflotation technology to offer oilfield operators wastewater handling solutions; this proprietary technology separates heavy metals and hydrocarbons from brine
- Company’s joint venture partner, Power Metals Corp., recently announced initial assay results from its drilling of 26.0 meters at Case Lake property located near Cochrane, Ontario

MGX Minerals, Inc.’s (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) proprietary and patented nanoflotation technology that quickly and cleanly extracts valuable industrial minerals, such as magnesium and lithium, from oilfield brine and purifies byproduct wastewater is a boon to investors. Its process is faster and less costly than other methods, and it is also far more environmentally friendly.

MGX is focused on creating shareholder value through development of its large-scale and diverse industrial mineral portfolios. The Vancouver, British Columbia-based company is disrupting the mining industry by quickly processing brine generated by oil and gas wells and extracting valuable minerals, such as magnesium and lithium carbonate — a key ingredient in the manufacture of lithium-ion batteries.

MGX has diverse mining holdings throughout Alberta and British Columbia, Canada, as well as in Utah. According to Reuters, it has acquired acreage that makes it one of Canada’s largest holders of lithium brine assets, with around two million acres in North America (http://nnw.fm/T4mxZ). As announced by MGX, its joint venture partner, Power Metals Corp., recently received initial assay results from its drilling at the Case Lake property located near Cochrane, Ontario (http://nnw.fm/8NeeI).

Key to its valuation, MGX is able to perform the extraction and purification process much faster and more cost-effectively through its proprietary nanoflotation technology. This process separates heavy metals and hydrocarbons from brine, purifying the byproduct wastewater and creating brine feedstock for MGX’s quick recovery process. It has integrated the technologies of PurLucid Treatment Solutions, Inc., and its own.

Adding credibility to the story, PurLucid recently received $8.2 million in government funding (http://nnw.fm/91SHq) from Sustainable Development Technology Canada (“SDTC”) and Emissions Reduction Alberta. Utilizing MGX resources, PurLucid will implement the lithium recovery process as a separate but associated project as early as January 2018. Extending from success achieved with the PurLucid pilot petrolithium recovery system deployed in August 2017, fabrication of the first small commercial PurLucid lithium recovery system will be completed in December 2017 and be ready for use in 2018 on the treated brines from the grant-supported project and other MGX brines successfully trialed with the bench-scale and pilot systems.

Jared Lazerson, MGX CEO, told Greentech Media (http://nnw.fm/g7hsU), “We’re currently in talks with many oil and gas companies for use of their water as well as (having) our own operations in Utah.” Lazerson said it is possible to get minerals from oil-extraction in just a few days rather than the 18 months that it normally takes under other methods. Not only is MGX’s process faster, it is also less costly.

Lazerson added that the MGX process has a pilot plant that can process a cubic meter of liquid per hour – allowing for a recovery rate of 99% for magnesium and almost 70% for lithium – and the byproduct is purified as clean water. MGX is already processing wastewater from two mines and six oil and gas sites across North America, according to Mines&Technology’s online site MINING.com (http://nnw.fm/Ak37Q).

In a company press release (http://nnw.fm/7sfL6), Lazerson said, “Removal of very high levels of magnesium opens up a large number of global lithium brine sources for consideration that were previously considered too high in magnesium. This represents a triumph of technology over perceived resource quality, in particular, that the magnesium has been extracted in a common form of widely used industrial mineral compound.”

According to researcher Future Market Insights (http://nnw.fm/m5DsV), the market for magnesium is projected to grow to $6.2 billion in revenues by 2026, reflecting a compound annual growth rate (CAGR) of 7.3%.

The global lithium market is projected by the Freedonia® Group to reach $1.7 billion with a 8.9% CAGR through 2019 (http://nnw.fm/x9EeQ). Even larger is the market for lithium-ion batteries, which is expected to hit $46.21 billion by 2022, growing by a CAGR of 10.8%, as analyzed by Allied Market Research (http://nnw.fm/L1Un4). Electric and hybrid cars, smart phones and other devices will propel that growth.

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

Postby QualityStocks » Thu Nov 16, 2017 7:43 pm

NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Reports Near Completion of Case Lake Lithium Project

MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) today reported that its joint venture partner Power Metals Corp. (“Power Metals”) is nearing the end of the 5,000 metre drill program at Case Lake Lithium. To date, forty-four holes have been finished. A decision has been made to extend this program to include five more shallow holes for a total of 49 drill holes. Also, MGX and Power Metals are planning a 2,000 metre drill program on the Northeast Dyke in January 2018.
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