Tag: CSE:XMG

MGX Minerals Announces Record Date for Dividend of ZincNyx Energy Solutions Shares; Provides Public Listing Update

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to provide an update regarding the proposed spin-out of its wholly owned subsidiary, ZincNyx Energy Solutions Inc. (“ZincNyx”), the intentions for which were previously announced in the Company’s October 3, 2018 news release (the “Prior Release”). The Company has determined to fix October 22, 2018 as the record date (the “Record Date”) for the proposed 2nd distribution of the payment of a dividend in kind of common shares in the capital of its wholly owned subsidiary, ZincNyx (the “ZincNyx Shares”) to shareholders of MGX as of the Record Date (“MGX Shareholders”). U.S shareholders will be eligible to receive the proposed distribution, however there is no guarantee ZincNyx shares will be listed on a qualified U.S. exchange. The Company will issue dividend shares totaling 7% of its holdings in ZincNyx to MGX Shareholders of Record, pending final pricing of shares.  As previously announced, shareholders of record of June 29, 2018 will receive a dividend of 33%. read more

MGX Minerals Announces Expanded Drill Program at Kibby Basin, Nevada Lithium Project; Additional Core Submitted for Assay Analysis

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that joint-venture partner Belmont Resources Inc. (TSX.V: BEA) (“Belmont”) plans to conduct up to 4,800 feet of additional drilling across four diamond drill holes at the Kibby Basin lithium project (“Kibby Basin”) in Nevada. Additionally, Belmont has also reported plans to conduct downhole geophysical surveys to test specific prospective layers for potential aquifers. Drilling is expected to commence shortly. read more

MGX Minerals Reports Gibraltar Silicon Project Metallurgy; Suitability for Metallurgical Grade Silicon Confirmed

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) announces it has received an independent evaluation and report regarding potential applications of quartzite material originating from its Gibraltar Silica Property (“Gibraltar” or the “Property”). read more

MGX Signs Definitive Agreement to Acquire Lithium Brine Projects in Chile – Permitting in Place to Commence Drill Program

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce it has signed the Definitive Option Agreement, after completing the due diligence in relation to the Memorandum of Understanding dated August 8th 2018, to acquire 50% of the issued shares of Chilean Lithium Salars SpA (“CLS”). CLS is a wholly owned subsidiary of Chilean Lithium Salars Pty Ltd. (“CLSH”) and holds a 100% interest in three prospective lithium exploration Projects (the “Projects”) located in Chile, including Francisco Basin, Laguna Brava and Laguna Escondida Lithium Projects. read more

MGX Minerals Announces Product Lineup for Next Generation Zinc Air Fuel Cell Systems

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has released preliminary datasheet specifications for its product line of next generation zinc-air energy storage systems. Details are as follows: read more

MGX Minerals Announces Deployment of First Rapid Lithium Extraction System

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to report that engineering subsidiary PurLucid Treatment Solutions (“PurLucid”) is shipping the first petrolithium and advanced wastewater treatment system on Monday, October 8th. The commercial-scale 750 barrel per day (bpd) system will be delivered to a centralized treatment and processing facility north of Edmonton and proximate to the Alberta oilsands. Installation of the plant will take approximately three weeks to complete. read more

MGX Minerals Announces Additional Assays from Drilling at Kibby Basin, Nevada Lithium Project; Up to 580ppm Lithium

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that joint-venture partner Belmont Resources (TSX.V: BEA) (“Belmont”) has released additional assay results from 25 core samples collected in drill hole KB-3 (1,270 – 1,798 feet) at the Kibby Basin lithium project (“Kibby Basin”). As reported by Belmont, 20 of 25 samples exceeded greater than 100 ppm lithium, with seven samples containing greater than 300ppm lithium, and the highest sample containing 580ppm lithium. read more

MGX Minerals Preparing to Conduct Drill Program at Francisco Basin Lithium Brine Project, Chile

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce it has received notice from the Chilean state agency National Geology and Mining Service (“SERNAGEOMIN”) that the Company will be approved to carry out a 6-hole drill program at the Francisco Basin lithium project (“Francisco Basin” or the “Project”) located 30 kilometers south of Salar de Maricunga. MGX has also received a positive response from the Environmental Assessment Service (“SEA”) and does not expect that an environmental impact assessment will be required in order to carry out these exploration activities on the Project. read more

MGX Minerals to Manufacture Proprietary Cathodes for Next Generation Fuel Cell Batteries

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has now commissioned particle sizing equipment as part of final preparations to begin manufacturing  cathodes for use in its next generation fuel cell batteries. The immediate objective is to decrease cathode manufacturing costs by at least 50% and ultimately reduce costs by more than 90% to achieve a manufactured cost of less than $10 per cathode. In addition to its use in manufacturing of the existing cathode, ZincNyx also plans to use the equipment in the development of its next generation of proprietary fuel cell cathodes that will bring further cost and performance gains. The ability of the new equipment to analyze particles in suspension will also enable ZincNyx engineers to better characterize the morphology and behavior of the dendritic zinc particles that are at the core of the ZincNyx technology. read more