NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Announces Commencement of Development Activity at Silicon Projects
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that development activity, including both exploration design and permitting, has commenced at its Kootenay and Wonah Silicon Projects located near Canal Flats, British Columbia. Per the update, archaeological and environmental assessment are both expected to commence shortly. On the heels of the company’s entry into a definitive agreement to acquire ZincNyx Energy Solutions, Inc., as originally announced last week, MGX intends to prioritize evaluation and development of these projects for silicon metal potential in order to further expand into the low cost energy mass storage market. In line with this goal, infrastructure evaluation at the Kootenay and Wonah projects is currently underway, including inspection of the bulk commodity load out facility at Canal Flats, which was previously used for gypsum loading.
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