Month: January 2018

MGX Minerals Increases Ownership in Cleantech Engineering Partner PurLucid Treatment Solutions; Low Cost Nanofiltration Lithium Extraction System Nearing Deployment

JayCurrie
CSE:XMG, MGX Minerals, lithium,

VANCOUVER, BRITISH COLUMBIA / TheNewswire / January 4, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report the Company has increased its ownership in engineering partner PurLucid Treatment Solutions (“PurLucid”) from 34% to 46% by investment of C$1.45M. The Company maintains the right to acquire 100% of PurLucid through successive future investments. read more

Argentina Lithium Provides Update on Non-Brokered Private Placement

JayCurrie
Argentina Lithium, V.LIT

VANCOUVER, British Columbia, Jan. 03, 2018 (GLOBE NEWSWIRE) — Argentina Lithium & Energy Corp. (TSX-V:LIT) (FSE:OAY1) (WKN:A0RK7E) (OTC:PNXLF), “Argentina Lithium” or the “Company”) is pleased to provide an update with respect to the completion of its private placement (the “Private Placement”).  This Private Placement was announced November 21, 2017 and completion of the 1st Tranche was announced on December 21, 2017. The Company anticipates closing the 2nd and final Tranche during the week of January 15, 2018. read more

Rye Patch Gold Completes 2017 Principal Repayments on its Credit Facility

JayCurrie
V.RPM, Rye Patch Gold, gold, Nevada

VANCOUVER, Jan. 3, 2018 /CNW/ – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports that in December, 2017, the Company completed its US$4.0 million principal repayment and paid US$609,000 in interest pursuant to its credit agreement with Macquarie Bank Limited. An aggregate of US$5.1 million in principal repayments was made in 2017, reducing the outstanding principal balance to US$21.8 million. The credit facility was used in the construction and re-start of the Company’s flagship Florida Canyon mine in Pershing County, Nevada. read more

3D Seismic Geophysics at Paradox Basin, Utah Petrolithium Project

JayCurrie
CSE:XMG, MGX Minerals, lithium,

January 2, 2018 – MGX Minerals Inc.(“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that the site survey, in preparation for 3D seismic geophysics, at the Company’s Paradox Basin Petrolithium Project, has been completed. The site survey covers the Company’s Blueberry Unit within its Utah Petrolithium portfolio (the “Project”). The survey includes approximately 9,000 source points. The purpose of the geophysical survey is to outline subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine bearing formations. read more