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Scientific Metals options 50% of Paradox to MGX

Scientific Metals options 50% of Paradox to MGX

2017-02-22 09:09 ET – News Release

See News Release (C-STM) Scientific Metals Corp (2)

Mr. Wayne Tisdale of Scientific Metals reports

SCIENTIFIC METALS ENTERS INTO EARN-IN AGREEMENT WITH MGX MINERALS ON ITS PETRO LITHIUM PROJECT IN THE PARADOX BASIN, UTAH

Scientific Metals Corp. has entered into an arm’s-length earn-in agreement with MGX Minerals Inc., pursuant to which MGX has been granted the option to acquire a 50-per-cent interest in Scientific Metals’ Paradox basin lithium brine property located in Utah in the Western United States.

Under terms of the agreement, MGX has the option to acquire a 50-per-cent interest in the Paradox property by: (i) making a cash payment of $50,000 to Scientific Metals upon execution of the agreement; (ii) issuing 150,000 MGX common shares to Scientific Metals upon execution of the agreement; and (iii) incurring minimum exploration expenditures on the Paradox Property of no less than $250,000 over the course of a 12-month period. If MGX earns its 50-per-cent interest, the parties will negotiate and enter into a joint venture agreement, pursuant to which the parties shall be equally responsible for all future exploration and development expenses on the Paradox property. Further, MGX will have the right to participate in an amount of up to 15 per cent of the gross proceeds of any equity or debt financings of Scientific Metals for a period of 18 months from the date of execution of the agreement.

Scientific Metals’ president, Wayne Tisdale, stated: “We are pleased to partner with MGX on our exciting petro-lithium project in the Paradox basin. We benefit from being an early mover in the Paradox basin and securing what we believe to be key ground which historically demonstrated lithium grades. With deep experience and expertise in the oil and gas sector, we feel that MGX is the right partner to help explore this exciting new basin. Cementing this joint venture will allow Scientific Metals to benefit from their nanoflotation technology that is exclusive to MGX. We look forward to working together to develop our project.”

The Paradox property consists of an aggregate of 111 mineral claims covering approximately 2,200 acres located approximately four kilometres northwest of Intrepid Potash’s Cane Creek operation. Approximately eight wells have been drilled on the Paradox property, with additional historical wells in the immediate area. Historical exploration, as reported by Southern Natural Gas and documented by the Utah Geological and Mineralogical Survey, reported 500 parts per million lithium from well No. 1 Long Canyon (“Concentrated Subsurface Brines in the Moab Region, Utah,” Utah Geological and Mineralogical Survey, June, 1965).

Lithium occurs in the basin in oversaturated mineral brine (40 per cent minerals, 60 per cent water) and was discovered during oil exploration when drill wells intercepted the main brine zone (clastic break 31) of the Paradox formation (“Concentrated Subsurface Brines in the Moab Region, Utah,” Utah Geological and Mineralogical Survey, June, 1965).

The company has not undertaken any independent investigation of the drill results, fluid analysis or other information contained in this press release, nor has it independently analyzed the results of the previous exploration work in order to verify the accuracy of the information or whether the information was prepared in accordance with the requirements of National Instrument 43-101. The company believes that the historical drill results, fluid analysis and other information contained in this press release are relevant to continuing exploration on the Paradox property. MGX and Scientific Metals intend to conduct a review of recent and historical well logs, along with chemical analysis in the area and reprocessing of seismic data, focusing on mineral brine.

Garry Clark, PGeo, of Clark Exploration Consulting, is the qualified person as defined in NI 43-101, who has reviewed and approved the technical content in this press release.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.

Disclaimer

© 2010 Junior Gold Report

Junior Gold Report Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in the featured companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the featured companies from time to time. JGR has been paid by the companies. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails and newsletter. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained in our website or emails or any of our publications. No Offer to Sell Securities: JGR is not a registered broker dealer, investment advisor, financial analyst, stock pickers, investment banker or other investment professional. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold JGR, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.

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MGX Minerals Acquires Lisbon Valley Petro Lithium Project in Utah

MGX Minerals Acquires Lisbon Valley Petro Lithium Project in Utah

VANCOUVER, BRITISH COLUMBIA / February 2, 2017 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce it has acquired the Lisbon Valley petro lithium project (the “Project”) located in the Paradox Basin, Utah.

The Project includes 888 placer mineral claims inclusive of lithium brine mineral rights covering the majority of the Lisbon Valley oil and gas field (see Figure 1), where historic lithium brine content has been reported as high as 730 parts per million lithium (Superior Oil 88-21P).

“This recent acquisition in the Paradox Basin is strategic for MGX. These claims cover the majority of the Lisbon Oilfield placing MGX as a major player in oilfield lithium brine in the United States,” stated MGX Chairman Marc Bruner.

Geologic Setting

The Lisbon Valley oil and gas field is located approximately 40 miles southeast of Moab, Utah in the salt anticline belt on the southwest edge of the Paradox Basin in San Juan county. The oilfield was first discovered by Pure Oil Company in 1960. The Lisbon field produces oil and gas from the southwest flank of a faulted anticlinal trap in the Devonian sandstones and Mississippian limestones (Segal et al., 1986).

The Paradox Basin covers large parts of San Juan, Garfield, Wayne, Emery, and Grand Counties in southeastern Utah. The Basin was a structural and depositional trough associated with the Pennsylvanian-age Ancestral Rocky Mountains. The subsiding basin developed a shallow-water carbonate shelf that locally contained carbonate buildups along its south and southwest margins.

The region is home to the former Rio Algom uranium mill facility, an active copper mine operated by Lisbon Valley Mining Company, and a natural gas processing plant located in the city of Lisbon, Utah.

Extraction of Lithium from Oil Field Brine

As previously announced, MGX and engineering partner PurLucid Treatment Solutions (“PurLucid”) have successfully extracted lithium from oil sands wastewater (see press release dated January 3, 2017). The Company and PurLucid are now preparing for deployment of the pilot plant shortly with commercial scale deployment expected during the second half of 2017.

The pilot plant unit represents fully integrated technology combining MGX’s patent pending lithium extraction process, which potentially reduces recovery times of lithium and other valuable minerals from 18 months to one day when compared with conventional lithium extraction, with PurLucid’s patented water purification technology, which removes particulate and dissolved material including dissolved and emulsified oil, colloids and heavy metals.

Pilot Plant Optimization Update

Results from pilot plant optimization testing will be released shortly as part of the completion of the pilot plant. Lithium carbonate has been extracted from oil well production waste water at the Company’s flagship Sturgeon Lake property. Results are currently under technical review and will be released shortly (see Figure 2).

Figure 1. MGX Minerals South Paradox Basin Claims

 

Figure 2. Lithium carbonate produced from Sturgeon Lake Oilfield production water using MGX’s patent pending recovery process and engineering partner PurLucid Treatment Solution’s patented oilfield wastewater filtration technologies.

Qualified Persons

The technical portions of this press release were prepared by Dr. Preston McEachern, CEO of PurLucid Treatment Solutions Inc., and have been reviewed by Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument (N.I.) 43-101 Standards.


About MGX Minerals

MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the development of large-scale industrial mineral portfolios in western Canada and the United States. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta as well as petro lithium exploration in Utah. MGX recently released a maiden N.I. 43-101 compliant mineral resource estimate for its Driftwood Creek magnesium project, which outlined 8.3 million tonnes grading 43.31% magnesium oxide. In January the Company received a 20-year Mining Lease for Driftwood Creek. Additionally, the Company is the largest lithium brine land holder in Canada, controlling nearly 487,000 hectares of land representing over one million barrels of brine production per day. For further information, please visit the Company’s website at www.mgxminerals.com.


Contact Information

Jared Lazerson
Chief Executive Officer
Telephone: 1.604.681.7735
Email: jared@mgxminerals.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements including the completion of the rights offering (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at www.sedar.com.

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Rising golden business bull in color background

What is Happening?

With the Dow Jones hitting 20,000 yesterday for the first time, one of our top picks MGX Minerals is rocking as well:

 

(1) Since last week, MGX Minerals Inc., (CSE:XMG) (OTC-BB:MGXMF) share price has almost doubled. Company president Jared Lazerson is holding the Holy Grail with their patent pending process that basically makes oil more valuable because they are going to extract lithium from the water that is just waste. “The company owns a patent-pending process (U.S. provisional patent No. 62/419,011) for the extraction of lithium and other valuable minerals from oil brine. This technology is the first of its kind, reducing production time of lithium from brine by 99 per cent compared with conventional lithium brine production times that use solar evaporation. Process time is reduced from approximately 18 months to one day using MGX’s process.” More below…

The possibilities are endless and we are excited about the pilot plant.

Extraction of Lithium from Oil Field Brine
MGX recently reported the extraction of lithium from oil wastewater using its patent pending process (U.S. Provisional Patent #62/419,011) for the extraction of lithium and other valuable minerals from oil brine (see press release dated January 3, 2017).

It is the only patent of its kind providing for the rapid extraction of lithium and other valuable minerals from oilfield brine. Current conventional production of lithium from brine takes up to 18 months due to the solar evaporation phase. MGX’s process eliminates the solar evaporation step, reducing potential production to one day and representing a reduction of >99% and a by-product of re-useable, non-toxic water. The treatment of oil wastewater offers significant revenue potential and environmental benefit in addition to mineral extraction as the processing removed all suspended solids, including 99.7% of hydrocarbons and 99.9% of silica and other scale-forming minerals. With its engineering partner PurLucid Treatment Solutions Inc., MGX expects deployment of pilot plant shortly. Commercial deployment is expected in the second half of 2017 and off-take negotiations are underway.

Again, I encourage you to read the news release

Disclaimer: We really like the company and the brilliance of President and CEO Jared Lazerson. We are being paid by the company and own shares. We are biased, please do your own due diligence.

 

UPDATE:

 

(2) We introduced you to YDreams Global Interactive (TSX.V:YD) earlier this week at around $.37. It closed Tuesday at $.415. The company is in the exciting augmented and virtual reality space.

They signed a MOU – Memorandum of Understanding

They released exciting news today:

 

YDreams to make VR movies for Chinese state media firm

2017-01-26 06:34 ET – News Release

Mr. James Nelson reports

YDREAMS GLOBAL SIGNS MOU WITH CHINESE GOVERNMENT BACKED MEDIA COMPANY CRTV FOR VIRTUAL REALITY PROJECTS

YDreams Global Interactive Technologies Inc. has signed a memorandum of understanding with CRTV International Media (Beijing) Company Ltd. (CRTV).

Under the MOU, YDreams and CRTV are collaborating to develop virtual reality/viewer immersion entertainment projects that will be centred within the movie and entertainment industry. CRTV owns 76 cinemas and has affiliations with 2,000 theatres and cinemas in China.

Daniel Japiassu, director of YDreams, stated: “We are very pleased to have entered into this MOU with a highly regarded Chinese-state-owned company such as CRTV. They have deep and wide-reaching ties within the Chinese entertainment community and we look forward to building a mutually beneficial relationship.”

About YDreams Global

YDreams Global Interactive combines both augmented and virtual reality technology, design and intelligence to respond to the challenges and demands of today’s users and consumers. YDreams Global is in discussions with professional sports teams. It is the company’s intention to push into the major league sports sector during 2017. On Dec. 8, 2016, YDreams Global was contracted to use its virtual reality technology in the United States.

© 2017 Canjex Publishing Ltd. All rights reserved.

Disclaimer: We are being paid by the company – we are biased, do your own due diligence.

We look forward to updating you on these two exciting companies and the rest of our picks.

Happy Investing!

Dr. Kal KoTECHa

 

 

Disclaimer

© 2010 Junior Gold Report

Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade  the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

 

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MGX Minerals – The New Holy Grail!

MGX Minerals – The New Holy Grail!

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.
Think of the scale of providing fuel for well over 1 Billion cars. This is not to mention airplanes and military vehicles and whatever else is not counted as a conventional car. And that number is growing as more countries join the middle class.
Oil has undoubtedly been the world’s Holy Grail of energy for the past 100 years or so but we all know the dire warnings and consequences we face if we cannot kick the oil habit.

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.
What the world needs now is fuel to create efficient batteries to drive electric cars and it turns out that lithium, a soft white metal which is the lightest of all the alkali metals is that fuel in today’s technological reality.
Lithium has been called “white petroleum” and “petrolithium” because it could literally replace oil as the main driver of vehicles in a few short years.
This doesn’t mean oil is going away and the waste created by processing oil is still a serious problem which remains to be dealt with. More on this almost immediately…
Enter MGX Minerals Inc., (CSE:MXL) (OTC-BB:MGXMF) a microcap resource company trading on the Canadian Stock Exchange.
MGX Minerals is a mineral exploration company which is addressing both of these issues at the same time with a patent pending process (US provisional patent No. 62/419,011) to extract lithium and potentially other valuable minerals from heavy oil wastewater.
According to President and CEO Jared Lazerson there are millions and millions of barrels lithium brine bearing water produced each day in North America coming from oil wells.
This is an ironic coincidence but a very happy one for MXG Minerals because according to the company they working very hard to prove they can economically ‘mine’ lithium from this source. One of the most astonishing facts is they have managed to speed up the process of deriving lithium concentrate from 18 months down to one day!!!
According to a Globenewswire article: “Current conventional production of lithium from brine takes up to 18 months due to the solar evaporation phase.
MGX’s process eliminates the solar evaporation step, reducing potential production to one day and representing a reduction of >99%.”

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.
This prescient action makes MGX the largest holder of mineral permits covering known lithium-bearing brine areas in Canada.

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.
https://www.mgxminerals.com/investors/news/2017/221-mgx-minerals-extracts-lithium-from-oil-wastewater.html

Clearly some Holy Grail lithium enthusiasts have been observing the progress of MGX Minerals!
In fact they are one of the most liquid companies trading on the Canadian Stock Exchange and their following continues to grow as more investors are realizing the magnitude of success which they could attain upon reaching their extraction goals successfully. They continue to optimize the process with their scientists.
It is a two stage process with the first stage done by partner Purlucid Treatment Solutions and MGX minerals working on the final extraction stage.

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 end resulting brine will be the focus of optimization because it still contains high concentrations of sodium, potassium and boron. The end of the first stage treatment process by Purlucid will result in the removal of all suspended solids, 99.97% of the hydrocarbons and reduced scale forming ions such as silica to levels suitable for reuse in steam generating processes.

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.
For the more technical readers out there, during production of heavy oil, heavy oil evaporator blowdown (EBD for short) is one of the byproducts of steam-assisted gravity drainage (SAGD for short). MGX is working with partner Purlucid Treatment Solutions to integrate the technologies of both companies and develop a commercially useable pilot plant. And they are doing it full speed ahead! They have approximately $1/2 million cash on hand so they don’t need to go to the market for more money immediately.

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!!
Stay tuned all you Holy Grail seekers!!
MGX also operates  a silicon property which is fairly backburnerish at the moment. Further up the scale is a magnesium property north of Cranbrook B.C called Driftwood Creek on which they have completed a 100 ton bulk sample and received a 20 year mining lease in January. The company hopes that Driftwood Creek will be North America’s next magnesium oxide mine. They have outlined more than 8 million tons grading more than 43% magnesium which is very high grade for this mineral even though high grades are fairly normal with magnesium.  All of this ore is located above the 100 meter level so they feel that there is a lot of room for more mineralization.

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.

Happy Investing!

Dr. Kal KoTECHa

Disclaimer

© 2010 Junior Gold Report

Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR).  No Guarantee as to Content:  Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade  the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

 

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Gold Acts Like Traditional Haven; Oil Stays On The Rocks

Full Article:  Gold Acts Like Traditional Haven; Oil Stays On The Rocks

By: Gary Wagner

Gold took advantage of a strong current of uncertainty flowing through markets today that was based on three things. Wrapped around the uncertainty was a weaker dollar.

Right now, foremost is Election Day, one week from tomorrow. Second is a looming, almost-guaranteed interest-rate rise. Third, is the inability of OPEC and other oil producers to reach an agreement limiting output.

 

Full Article:  Gold Acts Like Traditional Haven; Oil Stays On The Rocks

By: Gary Wagner

 

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Gold panning with a sluice box in a river

Could Crude Oil Be The Next Bullish Catalyst For Gold?

Full Article:  Could Crude Oil Be The Next Bullish Catalyst For Gold?

By: Kira Brecht –

(Kitco News) – Oct 24 –In case you haven’t noticed, the price of crude oil is bumping up against the $52 barrel per level –trading right around its 2016 highs. There are a number of factors brewing in the background that could support a strong rally move in crude oil.

Could crude oil be the next bullish catalyst for gold? Maybe yes. Rising crude oil prices are inflationary –and gold benefits strongly from a rising inflation environment.

Full Article:  Could Crude Oil Be The Next Bullish Catalyst For Gold?

By: Kira Brecht

 

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR, it’s owner and affiliates/associates may buy/sell and trade the company’s stock written up/video created on from time to time. JGR has been paid by the company written up. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.