MGX Minerals: At the Forefront of Alberta’s Lithium Brine Riches

ZURICH, SWITZERLAND / ACCESSWIRE / June 6, 2016 / Today, Stephan Bogner from Rockstone Research published an update on MGX Minerals Inc. (CSE: XMG) as the company reported today to have acquired the intellectual property and design rights to a proprietary processing design which proposes to reduce lithium brine evaporation times by >99% over standard solar evaporation pond processes, from approximately 18 months to 1 day.

The design was developed as part of the previously announced Design & Scoping Study for its highly mineralized lithium brine properties in Alberta, which include 14 of the 24 highest grade (>90 mg/L) lithium assays thoughout the province, as reported by the Alberta Geological Service. All intellectual property rights have now been acquired from the inventor. The company has retained Fasken Martineau, an international business law firm, to conduct an intellectual property assessment and prepare documentation for the filing of a patent.

Rockstone believes that today’s news demonstrate that the process flowsheet, designed by Cementation AG, has been working successfully for the highly mineralized brine associated with MGX’s lithium properties in Alberta.

With this technology in hand, coupled with the vast existing infrastructure in Alberta, MGX could be clearly at the forefront of the rapidly developing lithium brine industry, especially in Alberta. A maiden NI43-101 Technical Report is expected to be completed by next week.

The full report can be accessed with the following links:

English (PDF):
http://rockstone-research.com/images/PDF/MGX7en.pdf

English (web version):
http://rockstone-research.com/index.php/en/research-reports/1150-At-the-forefront-of-Albertas-lithium-brine-riches

German (PDF):
http://rockstone-research.com/images/PDF/MGX7de.pdf

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

SOURCE: Rockstone Research

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