MGX Extracts Lithium from Oil Wastewater – Begins Monumental Integration with Big Oil

ZURICH, SWITZERLAND / ACCESSWIRE / January 3, 2017 / As per today’s press-release, MGX Minerals Inc. (CSE: XMG; Frankfurt: 1MG) has started to successfully execute its plans and has, for the first time, officially produced lithium carbonate. The pilot plant is expected to be completed and optimized within the next weeks and, upon completion and successful results, the construction of a commercial facility will be warranted.

With a current market capitalization of $28 million CAD, MGX is the only known lithium focused company executing its disruptive vision to put Alberta on the lithium production map. The province is not only rich in oil and gas, but also in lithium and other minerals occurring in wastewater, a by-product from producing oil and gas. MGX plans to quickly move from a pilot project in the first quarter of 2017 to a full-scale commercial project by the third quarter.

The full report can be accessed with the following links:

English:

http://rockstone-research.com/index.php/en/research-reports/2238-MGX-Extracts-Lithium-from-Oil-Wastewater—Begins-Monumental-Integration-with-Big-Oil

German:

http://rockstone-research.com/index.php/de/research-reports/2242-MGX-extrahiert-Lithium-aus-Oelabwaesser-und-beginnt-monumentale-Integration-der-Oelindustrie

Disclaimer: Please read the full disclaimer within the full report as a PDF as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research

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