The Conversation (0)
MGX Minerals Inc. (CSE:XMG) announced a Memorandum of Understanding with Industrial Furnace Company for engineering services and calcining equipment for MGX’s flagship Driftwood Creek magnesium property in BC, Canada.
As quoted in the press release:
Terms of the MOU establish a mutual partnership between MGX and IFCO whereby:
IFCO will provide engineering and equipment services for installation of an industrial-sized kiln(s) at Driftwood Creek, outlined as follows:
- Engineering services
- Equipment manufacturing
- Laboratory and in-house pilot plant services
- Product and market development consultation
- Energy and operating cost modelling
- Implementation and commissioning
- Service and maintenance programs
- Expansion plan
IFCO will act as lead development partner responsible for engineering, construction and installation of necessary industrial kiln(s) for production of market-grade magnesium oxide from magnesite ore mined at Driftwood Creek; and
IFCO and MGX will work together to develop additional industrial mineral projects using a similar business model.
MGX Minerals President and CEO, Jared Lazerson, said:
We are pleased to be working with one of the world’s leading manufacturers of industrial kilns. The use of advanced proprietary technology developed by IFCO, along with access to low-cost regional energy, further positions MGX to become a significant supplier of magnesium oxide in North America.
Click here to read the MGX Minerals Inc. (CSE:XMG) press release
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