Tag: MGX Minerals

MGX Minerals Announces Assays Up To 580ppm Lithium at Kibby Basin, Nevada Lithium Project

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces the joint-venture partner Belmont Resources (TSX.V: BEA) (“Belmont”) has reported assay samples up to 580 ppm lithium in the first layer of 125 samples taken to 1,270 feet at the Kibby Basin lithium brine project (“Kibby”) in Nevada. The highest concentration of lithium occurred between 960 and 1270 feet, including 1110 to 1210 feet where overall average was 415ppm lithium. read more

MGX Minerals Announces 6.78% Li2O from Spodumene Grab Sample, Gullwing Lake Pegmatite

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce that joint-venture partner Power Metals Corp. (TSX.V: PWM) (“Power Metals”) has reported that assays have confirmed the presence of high grade Lithium (Li) and Tantalum (Ta) mineralization on Gullwing-Tot Lakes Property located 30 km northeast of Dryden, Ontario. Gullwing Lake pegmatite and Tot Lake pegmatite are located 6.3 km apart and are hosted by the same mafic metavolcanics unit. read more

MGX Minerals Announces High-Grade Spodumene in 35 m of Pegmatite at Case Lake Lithium Property, Ontario

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to report that joint venture partner Power Metals Corp. (TSX.V: PWM) (“Power Metals”) has intersected 35 meters of high-grade spodumene zones in drill hole PWM-18-123 on the West Joe Dyke, Case Lake Property, 80 km east of Cochrane, northeastern Ontario. Power Metals drilled holes PWM-18-123 and 124 parallel to the West Joe Dyke to test the down dip continuity. read more

MGX Minerals Appoints Erich Schnake to South American Lithium Mining Team

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce the engagement of Erich Schnake, former Chilean Mining Ministry Undersecretary, to its South American management team. Mr. Schnake will provide legal and regulatory support to advance the Company’s efforts in navigating Chilean regulatory permitting frameworks in order to obtain production permits. read more

MGX Minerals Identifies Large Geophysical Anomaly at Salinitas Lithium Project, Salinas Grandes, Argentina

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) reports that joint-venture partner A.I.S. Resources (“A.I.S.”) (TSX.V: AIS) has announced completion of the first TEM (Transient Electromagnetic Survey) geophysics profile at the Salinitas JV Project (the “Project”) in the Salinas Grandes Salar, Salta Province, Argentina. The TDEM geophysical survey was conducted across 52 stations at 500-meter spacings totaling approximately 26 kilometers. Interpretation of the first profile suggest that potentially substantial aquifers exist over a 3 km x 2km x 180m depth area. read more

MGX Minerals and Engineering Partner PurLucid Achieve 99.7% Lithium Recovery; Low Cost Polymeric Membrane Breakthrough

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and engineering partner PurLucid Treatment Solutions (“PurLucid”) are pleased to report that continued research and development utilizing newly developed molecular sieve technology has consistently achieved  >99% lithium recovery from complex global source brines. Continued development of polymeric membranes has also reduced the cost of the lithium and mineral extraction components of the systems by 90% when compared to originally formulated stainless steel or titanium membrane platforms required for these caustic brines. read more

MGX Minerals Announces Completion of First Hole to 1800’ at Kibby Basin, Nevada Lithium Brine Project

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that joint-venture partner Belmont Resources (TSX-V: BEA) has reported that drilling has reached a depth of 1,798 feet (548 metres) into the playa sediments in hole KB-3, the first hole of the 2018 drilling program at Kibby Basin. The first section of the hole was drilled to a depth of 1,270 feet using a mud rotary method, and the remaining 528 feet was completed with a diamond core tail. A total of 126 samples of drill cuttings from the mud-rotary section of the hole have been collected and shipped to ALS Global lab facility in Reno, Nevada for assaying. Lithium and multi-element assay results from these samples will be compiled once testing is complete. read more

MGX Minerals Announces Appointment of Lithium Process Design Expert Dr. Vuay Mehta to Oversee Lithium Upgrading and Commercial Scale Up

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) and engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) are pleased to announce the engagement of Dr. Vuay Mehta, former Process Development Technology Leader at FMC Lithium Corporation, to oversee final phase product upgrading and commercial scale-up operations for the Company’s rapid lithium brine extraction technology. Dr. Mehta will also oversee Hatch Engineering’s scale-up of the technology and buildout. read more

MGX Minerals Commences UL Certification of ZincNyx 20kW / 120kWh Zinc-Air Fuel Cell Battery for Use in North America

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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 engaged the CSA Group for testing, inspection and certification with respect to obtaining regulatory approval under the UL 1973 standard for its 20kW output / 120kWh storage Zinc-Air Fuel Cell Battery. The UL (Underwriters Laboratories) standard applicable to this mass storage battery is titled “Standard for Batteries for Use in Light Electric Rail (LER) Applications and Stationary Applications” and provides the basis on which flow-batteries may obtain approval for deployment in North America and abroad. read more