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MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG), announced CEO Jared Lazerson’s interview on Uptick Newswire’s “Stock Day” podcast with Everett Jolly.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (OTCQB:MGXMF) (FSE:1MG) is pleased to announce it has acquired an additional 10,331.32 acres of Oil and Gas Leases (“Leases”) located within the Company’s unitized 80,380-acre Blueberry Unit (“Blueberry Unit”). The newly acquired leases are located within the proposed 3D seismic geophysical survey area, which is scheduled to commence in August and will include approximately 9,000 data points. To date the Company has conducted a paleontology survey and is nearing completion of the archeological survey.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce the acquisition of an additional 3,455 acres of oil and gas leases as a result of successful bidding at a recent State of Utah School and Institutional Trust Land Administration (SITLA) auction. The leases are located contiguous to the Company’s unitized 80,380-acre Blueberry Unit (“Blueberry Unit”) and show similar subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine-bearing formations. The newly acquired leases are located within the proposed 3D seismic geophysical survey area, which is scheduled to commence in August. The survey will include approximately 9,000 data points.
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 April 3, 2018 news release (the “Prior Release”). The Company has determined to fix June 29, 2018 as the record date (the “Record Date”) for the proposed 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 expects to issue dividend shares totaling 25%-40% of its holdings in ZincNyx to MGX Shareholders of Record, pending final audit and pricing of shares.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to provide an update on the Company’s Paradox Basin Petrolithium Project (the “Project”). The Project includes the 80,380-acre Blueberry Unit, a recently unitized Federal Oil and Gas Unit created as part of the Project.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to its 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has signed a Letter of Intent (the “LOI”) to enter into a partnership agreement with New York based systems integrator Digital Energy Corporation (“Digital”).
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) announced today that it has filed on SEDAR a National Instrument 43-101 Preliminary Economic Assessment (“PEA”) Technical Report for its Driftwood Creek magnesium project (“Driftwood Creek”) located in southeastern British Columbia.
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 developed new methods to expand the capacity of its zinc-air fuel cell battery as part of the mass production design phase.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce its intention to publicly list its wholly owned subsidiary ZincNyx Energy Solutions Inc. (“ZincNyx”) and pay a partial share dividend of ZincNyx directly to MGX shareholders of record. The planned result will be a separate publicly-traded company (the “Transaction”) primarily owned by MGX and its shareholders of record. The Transaction is aimed at realizing the full value of ZincNyx and the unique opportunity of replacing or augmenting diesel generators globally with zinc-air mass storage systems in addition to backup and load balancing applications. The opportunity to replace marine diesel engines with electric engines and zinc-air fuel cells is now being evaluated due to the ability to refuel the systems in a method similar to traditional refueling, from onshore refueling tanks, but using the environmentally benign charged zinc electrolyte.
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Spring Drill program at the Company’s Case Lake Lithium JV (“Case Lake”) will commence in May. Spring/Summer drilling will total 8,000 meters followed by an additional 7,000 meters of planned drilling in the Fall. There have been 8,400 meters of drilling completed at Case Lake to date. Substantial spodumene mineralization intersections have included: