• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks

    MGX Minerals Increases Lithium Land Position to 540 Sq. Miles in Alberta

    Matthew Spizziri
    Mar. 14, 2016 01:36PM PST
    Battery Metals
    CSE:XMG

    MGX Minerals (CSE:XMG) announced the Company has made an application for 5 Metallic and Industrial Minerals Permits to the Coal and Mineral Development Unit of the Alberta Ministry of Energy covering 45,000 hectares.

    MGX Minerals (CSE:XMG) announced the Company has made an application for 5 Metallic and Industrial Minerals Permits to the Coal and Mineral Development Unit of the Alberta Ministry of Energy covering 45,000 hectares.
    As quoted in the press release:

    The claims are contiguous or geologically associated with existing MGX lithium claims of 96,000 hectares, which are known to contain some of the highest levels of lithium bearing brine in the Province of Alberta, up to 140mg/L. as reported in the Provincial Industrial Minerals database.
    MGX previously entered into a purchase agreement for a 100% undivided interest in 12 Metallic and Industrial Mineral Permits encompassing 96,000 hectares throughout the Province of Alberta (see press release dated February 1, 2016). These Permits were acquired based on compilation of historic exploration for lithium by the Province as well as oil and gas well data and known geology. MGX’s current lithium brine bearing land position by way of permits and permit applications now stands at over 540 sq. miles (141,000 hectares). The permits and permit applications are all geologically associated with current and past producing oil fields.

    MGX Minerals CEO, Jared Lazerson, stated:

    As natural gas once posed problems for oil well production, but was eventually harnessed to produce new energy opportunities, lithium brine is the next phase in this energy evolution. None better than the Alberta oil and gas industry to lead this energy evolution in this move to energy diversification for western Canada. MGX now holds significant concessions of advanced energy and materials commodities including lithium, magnesium, and high purity silica (used in solar panels). We hold a portfolio of the most important commodities for the next 100 years.

    Connect with MGX Minerals (CSE:XMG) to receive an Investor Presentation.

    oil and gas industrymgx mineralscse:xmgcanadasolar panelsgas industry
    The Conversation (0)

    Go Deeper

    AI Powered
    GMV Minerals (TSXV:GMV)

    GMV Minerals

    Beyond Lithium (CSE:BY)

    Beyond Lithium

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×