MGX Minerals: Time to Put a Lithium Production Process in Place

ZURICH, SWITZERLAND / ACCESSWIRE / February 23, 2016 / Today, mining analyst Stephan Bogner from Rockstone Research published an update on MGX Minerals Inc. (CSE:XMG) as the company announced earlier today to have identified 16 past producing wells for test production in the lithium-bearing Swan Hills Formation near Fox Creek in Alberta, Canada.

MGX Minerals' CEO, Jared Lazerson, must be quite confident when saying that it's time to put a production process in place for a cluster of 16 operational wells, which produced lithium-rich brine in the past. This confidence may stem from a few days earlier, when he announced the engagement of an oil and gas veteran, Dr. Larry Marks, who spent 30 years in executive roles with Shell Canada implementing strategies for the sale and transportation of energy and co-products exceeding $3 billion in annual revenues. Larry's Lamar Corporation of Calgary will now lead the development strategy for MGX's recently acquired properties in Alberta.

The full research report can be accessed with the following links:

English (PDF):
http://rockstone-research.com/images/PDF/MGX5en.pdf

English (web version):
http://rockstone-research.com/index.php/en/research-reports/676-Time-to-Put-a-Lithium-Production-Process-in-Place

German (PDF):
http://rockstone-research.com/images/PDF/MGX5de.pdf

Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research Ltd.