Tag: Magnesium

MGX Minerals Announces Positive PEA for Driftwood Creek Magnesium; Pre-Tax NPV of C$529.8 Million and 24.5% IRR

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

 MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG; FKT: 1MG; OTC: MGXMF) is pleased to report results of an independent technical report prepared in accordance with CIM guidelines and National Instrument 43-101 definition of a Preliminary Economic Assessment (“PEA”) on its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”). read more

MGX Minerals Processes High Magnesium Content Lithium Brine of 76,000mg/L Mg; Nears Completion of First Commercial Rapid Lithium Extraction System

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and engineering partner PurLucid Treatment Solutions (“PurLucid”) are pleased to announce advancement in magnesium extraction. The pretreatment removed all of the 76,000 mg/L of magnesium, reducing the post treatment concentration to non-detect levels (<1 mg/L) from lithium brine bulk samples shipped from a U.S. site currently under evaluation. read more