Tag: MGX Minerals

MGX Minerals and Highbury Energy Produce 45% Vanadium Concentrate from Petroleum Coke Ash

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MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FKT: 1MG; OTCQB: MGXMF) is pleased to report additional assay results of Petroleum Coke (“Petcoke”) samples collected from stockpiles produced from the Fort McMurray area mining and upgrading operation as well as the Edmonton refinery. Both samples originated from Delayed Coking operations. Samples were obtained and prepared by Highbury Energy Inc. (“Highbury”) and metal contents analyzed by Acme Labs of Vancouver, British Columbia using standard ICP analyses. read more

MGX Minerals Selects Capstone Headwaters for Merger and Acquisition Advisory; Focus on Lithium, Magnesium and Energy Technology

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce it has retained the services of Capstone Headwaters LLC (“CSHW”) to provide investment banking and financial advisory services. Advancement of the Company’s lithium, magnesium and energy assets will remain in focus. read more

MGX Minerals Recognized as Double Finalist for S&P Global Platts Metals Awards

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MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FKT: 1MG; OTCQB: MGXMF) is pleased to announce the Company has been nominated in two categories as a finalist for the S&P Global Platts Metal Awards. MGX has been chosen as a finalist for the Base and Specialty Metals Industry Leadership Award as well as the Breakthrough Solution of the Year Award. read more

MGX Minerals Engages Hatch Ltd. for Magnesium Metal Study at Driftwood Creek, British Columbia

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce that as a result of the recently announced positive Preliminary Economic Assessment (“PEA”) for the production of 161,000 net tonnes per year of magnesium oxide (MgO) at its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”), the Company has engaged engineering firm Hatch Ltd. (“Hatch”) to complete a scoping study for the purpose of selecting appropriate process and associated economics for the upgrading of magnesium oxide to magnesium metal. The Hatch study will evaluate process routes, and order of magnitude capital and operating cost estimates for an initial 10,000 tonne per year (tpy) magnesium plant as well as address various environmental and engineering topics. read more

MGX Minerals Announces Engagement of Dr. James G. Blencoe to Develop a Thermochemical Process for Extracting Lithium from Spodumene; Case Lake Lithium Project Drill Core to be Tested

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce it has executed a Letter of Intent (the “LOI”) with Orion Laboratories, LLC (“Orion”) of Oak Ridge, Tennessee, and Light Metals International Inc. (“LMI”) of Vancouver, British Columbia, to jointly develop and commercialize a new process for extracting hard-rock lithium from spodumene concentrate. read more

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

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 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 to Proceed with Hydrogen Gasification and Battery Metals Extraction from Petroleum Coke; Receives Initial Vanadium Nickel Cobalt Assay Results

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce the Company has chosen to proceed with its previously announced partnership with Highbury Energy Inc. (“Highbury”) to develop a detailed thermochemical gasification process to extract metals such as nickel, vanadium, cobalt and hydrogen from petroleum coke (“Petcoke”). read more

MGX Minerals Announces Completion of 3,000 Metre Drill Program at Case Lake Lithium; 8,000 Metre Spring Drill Program Planned

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) has completed a 30-hole, 3,000 metre diamond drill program on the Northeast Dyke at its Case Lake Property near Cochrane, Ontario.  Drilling successfully intersected multiple course-grain pale green spodumene zones at shallow depths and over good intervals (see Figure 1). All drill core has been shipped to SGS Canada Inc. for assay. read more