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MGX Minerals inks investor relations agreement with digital marketing company

FXCT Media will provide corporate, investor and partnership communication services for the company's Silicon Anode Lithium Ion Battery project

MGX Minerals Inc. - MGX Minerals enters into an investor relations agreement with digital marketing company
The agreement with FXCT is for three months, with compensation of $15,000 and 300,000 incentive stock options

MGX Minerals Inc (CSE:XMG) (OTCPINK:MGXMF) has entered into an investor relations agreement with a digital marketing company.

In a statement Wednesday, the Vancouver-based company said FXCT Media Inc will provide corporate, investor and partnership communication services for its Silicon Anode Lithium Ion Battery project. 

The move to work with a marketing firm comes after MGX Minerals and its research partner, the University of British Columbia, recently announced the completion of a 1,000 discharge lifecycle test of its silicon anode in a next-generation lithium ion battery. 

READ: MGX Minerals reveals encouraging results from research collaboration

This next-generation battery has an increased energy storage of 400Wh/kg, and a doubling of capacity over the current ratio of 200Wh/kg. 

The silicon anode was produced utilizing a proprietary advanced materials science etching and coating process for treating silicon creating a nanostructured form suitable for use in lithium ion batteries.

The agreement with FXCT is for a period of three months, with compensation to be paid of $15,000 and 300,000 incentive stock options issued, the company said.  

In other company news, MGX Minerals also said it has filed a Form 11 with the Canadian Securities Exchange for 5.5 million in incentive stock options at $0.07 apiece with a two-year expiration for officers and consultants of the company. The company added that it plans to cancel up to 4 million incentive options under a previous agreement. 

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CSE:XMG
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