The New Holy Grail
Everyone has heard of the search for the Holy Grail and in the world of matter in which we exist some the biggest advances have been made, arguably, because we have learned how to create accessible energy on a large scale. We mean a Really Large Scale.
Enter a white knight on a shining electric car known as lithium!
As of June 2016 there are approximately 1 million electric vehicles so even grade 2 math students should be able to do some ciphering and realize electric cars have a LOT of room for growth.
We have to emphasize this fact because speed to market is going to determine who ends up leading this lithium supply chain and 18 months is a lifetime in the mineral supply business. Sometimes speed is the Holy Grail as any ambulance driver will attest to…
When the company realized they might be able to solve an imminent energy problem on a massive scale, they sprung into action and began acquiring mineral permits to the tune of almost 500,000 acres. This land alone produces more than 1 million barrels of wastewater per day. These permits are all focused on major oil and gas producing areas in the province of Alberta.
So how far along is the company in this process of finding or you might say extracting the Holy Grail?
On Jan 03 2017 the company announced they had successfully extracted lithium from heavy oil wastewater, causing the company shares to increase more than 25% in valuation.
Clearly some Holy Grail lithium enthusiasts have been observing the progress of MGX Minerals!
According to their partner Purlucid, as reported by Dr. Preston MacEachern, 21% of the Li is left in the brine on which they are working diligently to extract as they can.
The deal between the two companies allows for MGX Minerals the right to acquire 100% of Purlucid in stages for $5 million. A pending government grant will hopefully assist the companies to achieve their goal with less need to dilute or take on debt should they receive this grant. We don’t see much reason why they wouldn’t receive monies given the importance of their mission but we are not privy to the inner machinations of the government research council at this time.
Now we don’t want to say the sky is the limit, but literally the sky is the limit! If they can win the race to be a major lithium supplier and solve a dirty, dirty oil wastewater problem at the same time. Jared Lazerson and company may well be put up for knighthood, if not sainthood itself!!
This company is not sitting around on their haunches by any stretch of the imagination.
In fact if we use a little imagination we may well see them become a world beater company with their lithium extraction technology and their designation may be as a “clean tech” company which everybody loves much more than mining company we have noticed. A change to a more visible stock exchange would not be unreasonable to expect as they develop since this is a normal course action for junior companies. Although the company cannot yet show economical numbers for their process they are indeed working full bore at this very task. There is a great deal of excitement being generated with this exclusive technology which could disrupt the energy industry and provide a great deal of the lithium needed in the very near future. This could help us break our dependency on fossil fuels and their potentially horrendous consequences. Bring on the White Knight!!!! Away with the black night! A new Holy Grail is in sight!
WE LOVE THIS TECHNOLOGY AND COMPANY! We own MGX Minerals shares and they are a client – do your own due diligence.
Dr. Kal KoTECHa
© 2010 Junior Gold Report
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