MGX Minerals Commences Lithium Brine Testing in Chile; Multiple Projects to be Evaluated
15 February 2018 - 12:30AM
InvestorsHub NewsWire
MGX Minerals Commences Lithium Brine Testing in Chile; Multiple
Projects to be Evaluated
Vancouver, BC
-- February 14, 2018 -- InvestorsHub NewsWire
-- MGX Minerals Inc. (“MGX” or the “Company”)
(CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to
announce the Company has commenced joint brine testing with four
Chilean mining companies at multiple salars (the “Projects”)
located throughout Chile. The Projects are at various stages of
development. The purpose of joint testing is to provide a basis for
future potential joint-venture locations that will utilize MGX’s
lithium extraction technology. All samples are being shipped to
Calgary, Alberta to undergo pilot plant testing.
The mining-friendly region of Chile is host to approximately 50% of
global lithium reserves and is responsible for one-third of global
annual output. The world’s leading lithium producers and some of
the largest and highest grade salars globally are located in Chile.
The country is host to well-developed infrastructure and a skilled
labor force. Additionally, recent elections have led to a new
government taking office next month. The new incoming Minister of
Mines, Mr. Baldo Prokurica, has publicly stated his intent to
reform the country’s mining industry through the rollout of a new
mining development plan that will foster foreign investment into
the country.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with
interests in advanced material and energy assets throughout North
America. Learn more at www.mgxminerals.com.
Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking
Statements
This press release
contains forward-looking information or forward-looking statements
(collectively "forward-looking information") within the meaning of
applicable securities laws. Forward-looking information is
typically identified by words such as: "believe", "expect",
"anticipate", "intend", "estimate", "potentially" and similar
expressions, or are those, which, by their nature, refer to future
events. The Company cautions investors that any forward-looking
information provided by the Company is not a guarantee of future
results or performance, and that actual results may differ
materially from those in forward-looking information as a result of
various factors. The reader is referred to the Company's public
filings for a more complete discussion of such risk factors and
their potential effects which may be accessed through the Company's
profile on SEDAR at www.sedar.com.
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