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CNSX:XMG

MGX Minerals Inc.

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Market:
CNSX
Market Cap:
$27.38 m
Price
$0.20
Change
8.33%
52 weeks high
0.74
52 weeks low
0.15

MGX Minerals is leading the world’s transition to renewable energy through research and development, strategic partnerships and acquisition of promising assets and technologies. Delivering innovations in battery commodities, extraction processes and cleantech for the oil, gas and mining sectors, MGX’s diversified portfolio of solutions is bridging the gap between old energy and the new, clean energy economy.

TECHNOLOGY

Petrolithium

Petrolithium is a new approach that focuses on concentrating lithium and other elements from abundantly available wastewater (brine) that accompanies oil and gas production.

MGX’s rapid lithium extraction systems have the potential to unlock vast unconventional sources of lithium. This new technology could dramatically alter the energy landscape in the coming decades.

Advantages:

  • Ability to utilize existing O&G infrastructure
  • Allows for scalable capital deployment
  • Simplifies permitting process
  • Eliminates solar evaporation step

Extracting Lithium from Brine
MGX's rapid lithium extraction technology eliminates the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhances the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. This technology is applicable to petrolithium (oil and gas wastewater), natural brine and other brine sources such as lithium-rich mine and industrial plant wastewater.

 

A strategic metal with a North American solution.
Two-thirds of the world's magnesium originates from China. The United States has designated magnesium as a strategic metal. As demand continues to rise and the metal becomes more difficult to source, MGX’s Driftwood Creek magnesium deposit represents a North American solution to a growing global problem.

Located in southeastern British Columbia, Driftwood Creek is the largest undeveloped magnesium deposit in North America. It offers the potential to mine a strategic metal in a geopolitically stable, mining-friendly jurisdiction that meets the highest environmental and ethical standards.

Jared Lazerson / President, CEO and Director

Jared Lazerson is the President, CEO and Director of both MGX Minerals and MGX Renewables. Mr. Lazerson has worked in the mining and technology industries for nearly 25 years and is responsible for the discovery and development of the $1.5 billion Driftwood Creek magnesium deposit in British Columbia. He is also considered a pioneer in developing the globally significant petrolithium business model and associated technological advancements to extract lithium and other valuable elements from oilfield produced waters and geothermal brines. Mr. Lazerson focuses on strategizing, funding and growing organizations that develop new battery technologies, extraction processes and other cleantech innovations that will lead the global transition from fossil fuels to renewable energy. He holds a BA in International Relations from the University of Pennsylvania.

Michael Reimann (Ph.D) / CFO and Director

Dr. Reimann graduated in Engineering Physics from the Royal Military College of Canada and obtained a Ph.D. in Physics from the University of British Columbia. He has over 45 years of experience in senior corporate management in both public and private companies. Most recently Mr. Reimann served as CFO of Skana Capital (TSX.V: SKN) and PNG Gold (TSX.V: PNG).

Randall Keller / VP of Business Development

Mr. Keller is a highly accomplished executive with over 35 years of global experience in the energy sector. He is formerly the Director of Business Development, Transmission and Land Assets, for Berkshire Hathaway Energy Renewables, a holding company controlled by Berkshire Hathaway Inc. At Berkshire, Mr. Keller was responsible for the development of large-scale renewable energy projects within the Berkshire holdings platform in southern California and managed a large team of engineers, geologists, chemists and scientists, overseeing budgets in excess of $1 billion.

Andris Kikauka (P. Geo) / VP of Exploration and Director

Mr. Kikauka is a geologist with over 30 year of experience. From 1996 to 2012 he was Project Geologist overseeing exploration programs at Goldrea Resources. Mr. Kikauka is Project Geologist for Rio Minerals as well as a director of American Manganese Inc. (TSX.V: AMY), which is focused on mineral properties and commodities used in the steel industry. He holds a B.Sc. in Structural Geology, Mineralogy & Petrology from Brock University.

Christopher Wolfenberg / Director

Mr. Wolfenberg is a Partner with the law firm of Fasken Martineau LLP. Prior to his current position he was a Partner with Norton Rose Fullbright. He provides practical advice to select clients active in the mining, technology and energy sectors and has acted as an officer and director of numerous public, private and non-profit entities. Mr. Wolfenberg holds a Bachelor of Social Sciences from the University of Ottawa, a Bachelor of Laws from Queen's University and a Master of Laws from Cornell Law School.

Lyndon Patrick (LLB) / Director

Mr. Patrick is a Vancouver-based, independently practicing lawyer. He has practiced in British Columbia since 2001 in the areas of litigation and real estate. He holds an LLB from the University of Alberta, and an MA and BA from the University of British Columbia. Mr. Patrick is an independent director of the Company.

Executive Office

1080 Howe St.
Suite 303
Vancouver, BC V6C 2T1
Tel: 604.681.7735

Transfer Agent
Computershare Canada
510 Burrard St., 2nd Floor
Vancouver, BC V6C 3B9
Tel: 604.661.9400

Auditor
Adam Sung Kim Ltd.
1066 West Hastings St., #1850
Vancouver, BC V6E 3X2
Tel: 604.318.5465