NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Commences Joint Brine Testing in Chile
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that it has commenced joint brine testing with four Chilean mining companies at multiple salars in various stages of development located throughout Chile. Per the update, the purpose of this joint testing is to provide a basis for potential future joint venture locations that will utilize MGX’s lithium extraction technology. Upon completion, all samples will be shipped to Calgary, Alberta, to undergo pilot plant testing. The mining-friendly region of Chile could represent a significant opportunity for MGX moving forward. The area features roughly 50 percent of global lithium reserves and is responsible for one-third of global annual output. As such, Chile is host to well-developed mining infrastructure and a sizable skilled labor force.
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