MGX acquires lithium brine projects in Chile – rapid lithium extraction to be tested – drilling to commence shortly
MGX plans to drill and test for lithium deposits from CLS' three sites, Francisco Basin, Laguna Brava and Laguna Escondida, with the goal of bringing its rapid extraction system to the heart of the lithium triangle.
MGX Minerals Inc entered into an Option Agreement with A.I.S. Resources (TSX.V: AIS) to acquire an 80% interest in the Salinitas lithium brine mining tenements located in the lithium triangle of Argentina, Salar de Salinas Grandes, Province of Salta.
MGX and its technology partner, PurLucid, made ground-breaking progress in treating complex brines with high magnesium content.
As reported by SRC, the Company’s proprietary design process was successful in recovering up to 83.7% lithium (Li) and concentrating 461 ppm Li from a 71 ppm representative sample of formation brine originating from the Sturgeon Lake oilfield.
MGX Minerals Inc. is pleased to announce it has entered into a Joint Operating Agreement with a private vendor to act as operator and acquire a 75% working interest in certain underlying Oil and Gas Leases located contiguous to the Company’s Lisbon Valley petrolithium project.