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MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce, further to its news release dated June 5, 2018, it has closed its previously announced non-brokered private placement financing for total gross proceeds of $15,492,334.45 (the “Offering”).
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG) is pleased to report that joint-venture partner Power Metals Corp. (“Power Metals”) has commenced drilling in the Main Dyke area on the Henry Dome at the Case Lake lithium property (“Case Lake”). Power Metals expects to complete over 15,000 metres of drilling and will test several new targets that were recently identified through previous drilling and mapping.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG) is pleased to announce the Company intends to complete a non-brokered private placement to raise gross proceeds of up to CA$7,007,000 on a non-flow through basis (the “NFT Financing”) and a concurrent non-brokered flow through private placement to raise gross proceeds of CA$5,002,500 (the “FT Financing”), for aggregate gross proceeds of up to CA$12,009,500.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) and engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) are pleased to report that, prior to deployment, demonstration of the NFLi-5 commercial-scale rapid lithium extraction system, capable of processing 750 barrels per day (120 cubic meters), is scheduled to take place immediately with oil and gas companies, industrial customers, lithium brine owners and international media scheduled to view the system. Demonstration of the lithium and petrolithium extraction and water treatment system will take place in the first half of June at the PurLucid manufacturing facility in Calgary, Alberta.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce that 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) and its research partners will receive a grant from Canada’s Natural Science and Engineering Research Council (“NSERC”) to develop nanostructured material for their next generation Zinc-air energy storage.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to provide shareholders with a progress report on its expanding silicon portfolio in British Columbia along with planned 2018 development activities. MGX is investigating the potential to source high-grade silica as a feedstock to be used in industrial silicon metal and solar silicon metal applications.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG) is pleased to announce that joint-venture partner Power Metals Corp. (“Power Metals”) has reported and commenced a geological mapping program at the Paterson Lake lithium property (“Patterson Lake”) located 60 km north of Kenora, Ontario. The geological mapping program at Paterson Lake will be followed by a similar program at the Gullwing-Tot Lakes property (“Gullwing-Tot Lakes”) located 30 km northeast of Dryden, Ontario. The purpose of the mapping programs is to confirm known locations of spodumene/petalite pegmatite dyke outcrops, locate additional lithium mineralization, and identify historic drill collars for future drill programs.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce the Company has won the Base and Specialty Metals Industry Leadership Award at the 2018 S&P Global Platts Global Metals Awards, held in London on May 17. Hosted by S&P Global Platts, a leading global energy, metals and commodities information provider, the annual awards program honors exemplary performance in fifteen categories spanning the entire steel, metals and mining complex.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) / (OTCQB:MGXMF) / (FSE:1MG) and its 51% owned engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) are pleased to provide a progress report related to the deployment of lithium recovery and wastewater treatment systems in Alberta, Canada. To date, MGX and PurLucid have completed commercial-scale trials with multiple oilfield operators and are now preparing to deploy systems.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that its 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has quadrupled the capacity of its fuel cell modules (stacks).