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. 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
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MGX Minerals – The New Holy Grail!
We are introducing You to a Dream!
| Ever since the dawn of time people have been delighted by new technologies. Take the wheel for example. Historians estimate that the wheel came into use around 5000 B.C. in what is now Iraq, and was probably first used to make pottery. Now it is such a part of our daily lives that we couldn’t do without it! That is the value of innovation. |
The much earlier appearances of cloth, cutlery, earthenware pottery, bronze age tools, iron and steel (as early as 4000 BC), steam engines, cars and airplanes all the way to space vehicles have created a tremendous sense of wonder and engagement and were all considered cutting edge at the time they were invented. Many inventions have remained with us and many have ended up in the trash bin of history. One thing is certain – new technologies which enhance people’s lives are always welcome additions and will continue to be as long as they enhance peoples lives.
We are happy to introduce you to a company where you will see the inventive spirit of which we are speaking in action.
In fact, we have rarely seen such exciting use of today’s latest communications technology as we see utilized by technology and design company YDreams Global Interactive (TSX.V:YD).
With over 1000 projects in 30 countries, YDreams is a cutting edge yet mature company delivering satisfying customer experiences worldwide! YDreams is also the first Brazilian based technology company to be listed on the Toronto Venture Exchange.
They are also co-listed on the Frankfurt Stock Exchange (FSE: APYYD). This public listing enables them to raise money and expand their operations even further. In fact they recently announced their first project in the United States.
Think of immersive technology where you become a part of the exhibit in various ways. You may be participating in a World Cup Soccer game by putting on a virtual reality mask. You may use gestures with your hands and arms to move shapes around a table on a screen in augmented reality. These shapes don’t exist in the real world of matter but they are very real on the screen. They can engage and entertain you or they can educate and train you.
WHAT IS AUGMENTED REALITY?
One of the best descriptions we have seen comes from spongeuk.com:
Augmented reality (AR) brings together the real and the digital world, allowing computer-generated images, information and data to be superimposed over what you can see around you. The earliest form of technology dates back more than 50 years, but the term augmented reality is believed to have been coined in 1990 by Professor Tom Caudell, then a researcher with Boeing.
One of the first commercial applications was the yellow “first down” line which was superimposed on the playing field during televised NFL games.
WHAT IS VIRTUAL REALITY?
VRS.ORG.UK describes virtual reality this way:
Virtual reality is the term used to describe a three-dimensional, computer generated environment which can be explored and interacted with by a person. That person becomes part of this virtual world or is immersed within this environment and whilst there, is able to manipulate objects or perform a series of actions.
Virtual reality almost always involves donning a mask or set of glasses and becoming immersed in a computer generated world which may be extremely realistic or may have been designed as a fantasy type setting or a combination of both.
YDreams has created virtual environments which include allowing people to virtually participate in a World Cup soccer game during the 2014 event hosted by Brazil. The applications for this technology are much wider than just entertainment however as VR has been found to be valuable in architecture, sport, medicine, the arts and more.
The innovative use of cutting edge technology has allowed YDreams to carve out a prestigious name in the cluttered feast of technological offerings which is our world today. Winners of multiple awards and beneficiary of extensive international press coverage from the likes of Wired, Business Week and CNN and more because they create new and highly effective ways for some of the biggest brand names to interact with and engage their customers.
Companies such as Coca Cola, Intel, Cisco, Audi, Adidas, L’OREAL, Fiat, Michelin, Unilever, Nike, well… you get the 3D picture!
Cutting through the ever growing noise by winning awards such as the Auggies Award in 2010 (considered the Oscar for augmented reality).
Several other prestigious awards including the Gold Award for Environments by the Industrial Design Society of America in 2004 clearly show that YD have been recognized as being experts in their field for quite some time.
YDREAM CLIENT PROJECTS
This is not a start up company, as we mentioned they have already implemented over 1,000 projects.
YDream creations and collaborations may take the form of flagship stores, immersive exhibitions, interactive media, mixed reality and ambient intelligence!
Advanced ways of linking customers and people to real world user experiences is their stock in trade, and they are very good at it.
For example a successful collaboration with Cisco Systems Inc. (Q:CSCO) one of the biggest tech companies in the world, the Cisco Urban Innovation Legacy Project was implemented to create a Smart, Human and Connected neighbourhood in Porto Maravhila Brazil (video is here: https://youtu.be/QzNNTNPmA1I).
Utilizing IoT (Internet Of Things) along with advanced real world location data collection and users smart phones together in a collection of technical expertise to enhance the everyday experience of being in the city. Cutting through the city clutter to show people the best things on offer through innovation!
Fun Fact: “Battleship” was one of the first board games to be converted to a computer games way back in 1979! (source: Buzzfeed.com)
Going further back in time game playing has arguably been with us since the dawn of human consciousness…
YDreams realizes that a big part of engaging people with a brand involves allowing them to interact via game playing.
Beverage giant Coca Cola appreciates this and in fact YDreams has built a number of fun highly interactive projects for Coca Cola.
These include the Coca Cola Happiness Factory focusing on gesture based activities and the amazing Casa Coca Cola in 2014 which allows participants to don a virtual reality mask and virtually participate in a 2014 World Cup game for a full fifteen minutes.
This delights participants to no end! You can see the happy faces here: (https://www.youtube.com/watch?v=gQt6Vw8nCjY).
The 2014 Coca Cola FIFA Fanfest booth also kept people actively engaged with fun interactive technology offerings. Clearly they are on to something which pleases the biggest beverage company in the world.
YDreams was also enlisted by Fortune 500 company Qualcomm (Q:QCOM) to feature Qualcomms latest IoT technology at Futurecom 2016, Latin America’s largest telecommunications fair.
Their highly interactive booth delighted visitors and ensured they would perceive Qualcomm in a memorable fashion. (video: https://www.youtube.com/watch?v=g7Ku6O-HWec)
A Sensorium Frangrance Advisor for perfume leader L’OREAL enhanced the shopping experience for this company by helping them design a kiosk project which was unique in the world aiding customers to choose a fragrance perfect for them. (https://www.youtube.com/watch?v=AoU7V9rig-s)
Some of YD’s latest projects include providing augmented reality for the largest aquarium in South America.
You can create your own virtual fish which will follow you to various mall locations. This is the augmented reality portion of the aquarium, spread out in malls around the regions.
These are very unusual innovations which most of us have not seen before and the company just keeps knocking them out. Even Leonardo Da Vinci might have liked this one! Certainly Jacques Cousteau would have…
All of this great advancement speaks to a team of highly creative people who have come together to deliver these high quality interactive experiences.
Innovation Innovation Innovation!
As we mentioned earlier, history has shown us that new technology delights people and keeps them coming back for more, plus leaving them with a positive impression of the brand.
Another Fun Fact: We all know the game Monopoly. Well it turns out that Parker Brothers prints 30 times more Monopoly money each year than the United States prints real money!
(source: Buzzfeed.com). So clearly games are a big part of our focus.
Speaking of cutting edge technology one of the initiatives YD is focusing on in the immediate future is the explosive virtual reality gaming business.
They have created a unique VR Gaming Division and in fact were just invited to join the prestigious VR/AR Association (Virtual Reality/Augmented Reality Association).
The VRARA has an extended platform network which already reaches over five million already so this is a great head start for YD, not to mention access to other companies in the VRARA network such as Samsung, Orange, USA Today Network, New York University, Sears, Lowes and Walmart.
YDreams plans to work on multiple Virtual Reality projects and since they recently completed a capital raise of $600,000.00 at .20 cents per unit they are set to move forward in this exciting area. They are planning to make 2017 their breakout year for VR.
On December 16, 2016 the company announced their first reality licensing project in the United States with Natura- a first step into one of the biggest markets in the world.
They also recently announced that they are working on a military, police and fire services training platform using augmented reality.
They have realized the platform can also be used to develop applications for the entertainment industry.
We say excellent dual usage of resources management!
Their team is youthful and energetic and clearly they are passionate about the work they are doing. A slogan on their website states that YDreamers are:
“The right balance between dreamers, thinkers and doers.” We agree wholeheartedly!
YDreams has approximately 54 million shares outstanding and is trading around $.35 (CAD) range (as of early this week) which gives them a market cap in the range of $20 million (CAD).
Clearly there is a huge room for growth since virtual reality and augmented reality technology is just getting started.
According to the blog at www.digi-cap.com investment in AR/VR was more than $2.3 Billion over the past 12 months and revenue of both together is estimated to reach more than $100 Billion
by 2021!! Clearly this is an explosive growth industry and we see the experience YDreams has in this industry as a big help.
Today’s wired world demands inventive use of technology at every step and this company is way out in front of the pack. Their stellar client list bears this fact out.
We can’t wait to see what they come up with next! Please visit their website or follow the links provided to see why we are so excited about the prospects of this company!
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.
Where Is Gold Headed? Focus on These 2 Factors Says Rick Rule
Full Article: Where Is Gold Headed? Focus on These 2 Factors Says Rick Rule
By: Rick Rule
The price of gold in 2017 will be ruled by two things: 10-year U.S. yields and the U.S. dollar. At least that’s what famed investor Rick Rule thinks. Giving his 2017 outlook, Rule tells Kitco News he expects these factors to weigh on the yellow metal at least for the first quarter of next year. ‘I think the chief competitor that gold has is the 10-year treasury, I think that’s the world’s benchmark instrument where people go to in times of stress,’ the Sprott U.S. Holdings CEO said. ‘A small deviation of wealth from the U.S. 10-year treasury to gold and gold stocks will have a dramatic impact on gold prices.’ In his candid and straightforward fashion, Rule also shared his outlook on newly elected Donald Trump, who he thinks will likely worsen the U.S. deficit issue in 2017
Full Article: Where Is Gold Headed? Focus on These 2 Factors Says Rick Rule
By: Rick Rule
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.
Ranking the Metals 2017, Part II
Full Article: Ranking the Metals 2017, Part II
By: Jeff Neilson
In the previous installment, readers were presented with a list (and brief review) of 11 of our most-prominent metals markets, as well as one mineral (graphite) which doesn’t technically qualify for this ranking. From that original list, some of the stronger metals markets were identified, along with the fundamentals behind that strength.
This leaves one task remaining: producing the Top-3 metals ranking which was promised in Part I. In reverse order, here is that ranking
Read more at http://www.stockhouse.com/news/newswire/2017/01/20/ranking-metals-2017-part-ii#frkhrou3KF8d1JBQ.99
Full Article: Ranking the Metals 2017, Part II
By: Jeff Neilson
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.
MGX Minerals Commences US Lithium Brine Staking and Oilfield Acquisition Activities
MGX Minerals Commences US Lithium Brine Staking and Oilfield Acquisition Activities- Forms PetroLithium Corporation
VANCOUVER, BRITISH COLUMBIA / January 23, 2017 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce formation of the PetroLithium Corporation of America, a 100% owned U.S. subsidiary of the Company (the “PetroLithium Corporation”).
MGX has mandated the PetroLithium Corporation to acquire oil field assets, including lithium brine, oil wells and existing oil and gas (“O&G”) infrastructure. Staking and oil well acquisition activities in lithium brine-bearing areas of Utah have already commenced. Acquisition and exploration activities are expected to commence shortly in Colorado, Texas and Arkansas. All states are host to significant current and past producing oil production associated with areas of enriched minerals including sodium, calcium, magnesium, potassium, boron, bromine and lithium.
Geological Overview
PetroLithium Corporation is focusing activities on the Mississippian and Pennsylvanian (Carboniferous) age aquifers of the Paradox Basin (UT, CO) and the Jurassic Period Smackover Formation (TX, AK). Enrichment is theorized in both formations to be a result of trapped ocean water in dolomite / limestone host rock previously concentrated under high temperature and pressured to many times ocean levels of mineralization. High temperature formation represents a common characteristic of lithium brine mineralization within the Paradox Basin and Smackover Formations. As a result, minerals are generally found in basins and directly associated with oil-bearing strata of similar geological periods.
Smackover Formation
The Smackover Formation has produced nearly two billion barrels of oil to date and is home to some of the Country’s largest past producing oilfields. Many wells are now stripper wells producing 10 barrels per day (United States Energy Information Administration). Investigation is now underway to determine whether these areas of older oil production with very high brine to oil ratios may once again become viable due to the addition of value from extraction of minerals including lithium.
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.
The PetroLithium Corporation
MGX has formed the PetroLithium Corporation to enter significant mineral, oil, and environmental markets in the United States. Appointment of management positions is underway.
The oilfield technical and acquisition team will be headed by Dr. Larry Marks. Dr. Marks was with Royal Dutch Shell for 30 years and held Project Director positions at The Hague, which covered the Middle East and Africa. Dr. Marks, a Professional Geophysicist, completed his career as Vice President – Marketing and Transportation with Shell Canada, Calgary, Alberta where his responsibilities included sale and delivery of a diverse range of oil and gas products as well as merger and acquisition activities. Dr. Marks currently leads the oilfield technical and acquisitions team for the Company’s Alberta Lithium Exploration. Dr. Marks will be primarily responsible for acquisition of lithium-bearing brine and oil wells for PetroLithium Corporation.
Product development and sales will be overseen by Mr. Claudio Manissero. Mr. Manissero was formerly Director of Sales at FMC Lithium. Mr. Manissero has had an extensive career with FMC Corp. spanning over 20 years.
The scientific team will be led by Dr. Preston McEachern, a leader in water management in the oil and gas industry, Dr. McEachern has 23 years’ experience in solving water challenges. He holds three faculty appointments with Canadian Universities and was previously Vice President of Research and Development at Tervita. Dr. McEachern is the CEO of Purlucid Treatment Solutions Inc., MGX’s engineering partner.
The Company has filed a trademark application with the United States Patent & Trademark Office for the name Petrolithium for future use in commerce, and if granted will give MGX exclusive right to its use in trade.
Canadian Lithium Portfolio
MGX is the largest holder of mineral permits covering known lithium-bearing brine areas in Canada with a land package encompassing nearly 500,000 hectares (1.2 million acres). All permits are focused on major oil and gas production areas of Alberta. Along with oil and gas, these areas currently produce more than one million barrels per day of brine.
Qualified Persons
The technical portions of this press release has 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.
Cautionary Statement
MGX Minerals is actively working on advancing its Alberta Lithium Portfolio into production. However, readers are cautioned that the Company has not completed a pre-feasibility or feasibility study which establishes mineral reserves with demonstrated economic and technical viability. Further, the Company cautions readers that any potential production may not be economically feasible and historically projects taken to production without establishing reserves through a feasibility study have a much higher risk of economic or technical failure.
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. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta. For more information please visit the Company’s website at www.mgxminerals.com.
Contact Information
Jared Lazerson
Chief Executive Officer
Telephone: 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 (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”, “postulate” 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.
You are receiving this email because you have subscribed to receive news alerts from MGX Minerals. Our Mailing Address is 1080 Howe St., Suite 303, Vancouver, BC V6C 2T1.
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© 2010 Junior Gold Report
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MX Gold closes acquisition of 50% of Magistral project
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