Mgx Minerals Inc. (MGXMF)
OTC PINK OTC PINK Primary Summary
North Bay Resources sets sights on 50% stake in Fran gold project with MGX Minerals deal
North Bay Resources Inc. (OTC:NBRI) has entered into a 50-50 joint venture earn-in agreement with MGX Minerals for the Fran gold project located in British Columbia. North Bay can earn up to an initial 30% interest in the project by completing a resource estimate and producing 2,500 ounces of gold within a year.
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Mgx Minerals Inc. Profile
| Metals & Mining Industry | Materials Sector | Andris Kikauka CEO | OTC PINK Exchange | 55303L101 CUSIP |
| CA Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
MGX Minerals Inc. is a company that focuses on the acquisition, exploration, and development of various mineral resource properties and the advancement of industrial technologies. With a strong investment portfolio in mineral properties, MGX Minerals showcases a broad spectrum of assets, including lithium, magnesium oxide, silica, niobium-tantulum, and gold properties. These properties are primarily located within Canada, demonstrating the company's focus on exploiting the rich mineral resources within the country. Established in 2012 and headquartered in Vancouver, Canada, MGX Minerals Inc. has developed a notable presence in the mineral extraction and development industry by maintaining 100% interests in several key properties across British Columbia and other regions, in addition to having a strong technology component focused on water treatment systems for the oil and gas industry and innovative lithium extraction methods.
Products and Services
- Mineral Property Portfolio
- Water Treatment Systems
- Lithium Extraction Technology
MGX Minerals boasts a diverse portfolio of mineral properties, including lithium, magnesium oxide, silica, niobium-tantulum, and gold. The company holds a 100% interest in several key properties such as Fran Property in the Omineca Mining District, British Columbia, Longworth Silica Property, Wonah mineral claims, Alberta Lithium property, and Gibraltar claims. Additionally, it holds a 90% interest in Driftwood Property, Koot Silica Property, Sturgeon Lake Lithium Brine Property, Kibby Basin, and has interests in the Heino-Money Gold deposit and Tillicum claims. This portfolio underscores the company's strategy to diversify its asset base across various mineral resources.
MGX Minerals extends its technological innovation into the environmental sector by developing and selling water treatment systems specially designed for the oil and gas industry. These systems aim to provide solutions for water treatment needs in oil and gas operations, ensuring that the environmental impact is minimized while optimizing operational efficiency.
At the forefront of technological advancement in the mineral extraction industry, MGX Minerals owns a proprietary lithium extraction technology that eliminates the need for traditional solar evaporation methods. This technology represents a significant step forward in the field of mineral extraction, offering a more efficient and environmentally friendly method of obtaining lithium from brine resources.
