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MGX Minerals Inc. (MGXMF)
Other OTC - Other OTC Delayed Price. Currency in USD
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1,272 reactions on $MGXMF conversation
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Looks like Jared started another company. Same schtick as before.
Doubling of Global Lithium Demand Expected to Power EV Battery Revolution
Wolf of Reddit
Will have to hold and buy tons more. Will be in the dollar range
Wolf of Reddit
XMG will be huge once lithium mining gets going and their batteries
"without some good news, it's hard to predict much more advancement."
Unfortunately there hasn't been any good news here for years. There was so much hope supporting good science here, press releases pumping and insiders selling. JL and Co. shirt the bed and shareholders are left to deal with the mess. Hope doesn't pay the bills. I'd like to see PurLucid get to generating income. Christ, if Galaxy Resources can move up, why should this.
How is this company planing to make a profit, new here and I appreciate any info 👍
When, if ever, will there be an AGM? At least that would give shareholders the potential to address some crucial management issues
back to this board after a sabbatical. I thought this was a lithium extraction company. looks like a gold exploratory company now. mismanaged. no bookkeeping. etc.
is this even a real company? the press releases sure look like hot air
LOAD UP the truck, if they are working on a battery this will move like $ACDC $XMG $BES
Don't ask questions , just buy, buy, buy! and tell your friends to do the same!
Pump It Up!
Load up the truck is right!
Great EV play!
Batteries and Lithium and PurLucid
These guys have all the answers for eliminating evap ponds!
Wolf of Reddit
These guys got mining and battery on the works. Great EV PLAY here. Will wait for it to triple
Income at zero and no cash flow.... hummm
Run. Hide. Fight..
On another board some folks are getting their MGXR shares. I haven't seen anything yet, anyone else?
Jonathan B. Stoner
News this morning that they have developed new methods to expand the capacity of zinc-air fuel cell battery is certainly welcomed, not sure if this is the best alternative to lithium/cobalt but it could still attract some interest. Love the Canadian plays and have seen a lot of solid reports from SmallCapCanada- they focus exclusively on Canadian companies and deliver solid insight and information on the companies positioning themselves for a breakout run- Hope everybody has a great week.
....Australia, MGX, and CLS/CLSH connection. CLS is a subsidiary of ( hlding company) Austalian Chilean Lithium Salars.
.….Adress: 25/108 St George Terrace,Perth,WA,6000 Austailia (08) 6557 8888. Now we know why MGX chose CLS, it is a back door into Australia. Note that Australia is the number one lithium producer.
....Australia 18.7 thousand mt Chile 14.1 thousand mt Argentina 5.5 thousand mt Chian 3.0 thousand mt. SO if/when MGX proves it tech works in Argentina or specifically in Austalia's two CLS evaporation ponds it will be an open door into Australia evaporation ponds, that is to say , a door into the number one producer. Also given the fact the tech allows a company to recycle water and produce Lithium, et all, it will relieve the ground water depletion on the desert water table as well as allow immidiate production. Of course the Nevada site in the USA is near ALB, Albermale's lithium mine and when they see two brine pool operations; one in the USA (Kibby Basin) and another in the CLS properties, both ALB and SQM will be very interested. So MGX seems to have opened up the CLS property to gain a foot hold into Australia and gain attention from SQM and ALB in Chile. Mgx thru BEA.V and thru a common board member with MGX and BEA.V (PROPS CHARLES) will also gain ALB attention in Nevada.
….Charles, the game is really "afoot" !! MGX chose these properties in Nevada and Chile very intelligently and will have far reaching effects for MGX in the future. All I can say is WOW !!!! The team behind MGX is playing it smart
More good news with the upcoming listing of MGXR. Hopefully this will bring the MGX stock price up, provide some revenue and get both Stock Prices up. What I'd really like to know, and if anyone has info please share, is if US owners of MGX stock purchased in the US prior to the required dates will receive MGXR stock as a dividend. I emailed MGX that question many months ago and never received an answer.
Former Chilean executives of large mining companies partner with Canadian firm to explore lithium
Posted on January 12, 2018
The company, which will be advised by the national Kura Minerals, will also seek alliances with other players -among them, SQM and Albemarle- to test technology to process brines.
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Notes to the editor
(El Mercurio) Canadian miner MGX chose Chile to arrive at the so-called "lithium triangle" -which also make up Argentina and Bolivia-, and for that they associated with the national Kura Minerals, an advisory firm made up of former top executives of large mining companies .
The company will look for opportunities to explore lithium and develop projects, although they also bet on partnerships with other actors -such as SQM and Albemarle-. At the same time, they will test in the country a new technology to process brines.
Currently, MGX Minerals has more than 800,000 hectares in prospective lithium, magnesium and other elements, all located in North America.
"The intention of MGX is to expand its portfolio of projects to the lithium triangle, and Chile will be the initial step. We collaborate with them in identifying different business opportunities, such as associating with existing projects in production or beginning to explore new projects, "explains former BHP and one of the founders of Kura Minerals, Francisco Acuña.
"Chile is an example where although there are problems, institutions work, much more than in neighboring countries, which generates certainty in investments, in addition to having a history of mining country. Investors, in general, know the problems, but they trust the country, "adds the former Anglo American and Kura Minerals partner, Thomas Eggers, regarding the decision of the Canadian to arrive in the country.
The company will also seek options for alliances with industry players that are already positioned in the country, such as SQM and Albemarle -the current lithium producers in the Atacama salt flat-, companies that are developing new projects and organizations such as Corfo or universities.
"We believe that there is a business opportunity with the different players, because MGX is betting on the exploration and development of deposits, as well as testing its new technology," says Acuña.
The North American, through a subsidiary, developed a patented technology that, they say, would offer a change in the processing of brines and other solutions rich in lithium and other elements of interest. This process, they say, would have an advantage over the traditional solar evaporation used in the Atacama salt flat. This, since it would be more efficient and with less environmental footprint.
Therefore, they will build the first demonstration plant in Chile of this technology.
$100,000 a month cash flow from the smallest unit? a bit of speculationn on my part, that these units can/could run continuous around the clock, but even allowing 20 out of 24 hours at $35 per cubic meter at 5 cubic meters per hour, does that sound about right? double and quadruple that for the bigger units and suddenly the company has money comming IN instead of all going OUT. really happy to see them get to this point.
It's very important to note, large scale trials and customer acceptance testing have been completed. They just need to prep the site which may require scheduling a shutdown, then we are off to the races.
i think this is just an imaginary company
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