Pioneering Lithium in Alberta: MGX Minerals Teams Up

ZURICH, SWITZERLAND / ACCESSWIRE / April 20, 2016 / Today, mining analyst Stephan Bogner from Rockstone Research published an update on MGX Minerals Inc. (CSE:XMG). On Monday, the company disclosed the principal investors of a strategic financing at 10 cents, including renowned Canadian investor Robert Hirschberg, legendary mining veteran Dr. K. Sethu Raman, and Sam Sahota. Hereupon, MGX traded >2.5 million shares in the last 2 days, up 36% from Friday's close at 11 cents.

Last Thursday, MGX announced the receipt of an initial Process Design and Scoping Study from engineering consultant Cementation AG in regards to lithium carbonate production at MGX's Alberta Lithium Projects. Cementation has been engaged to analyze the extraction of minerals from the heavily mineralized brine of the Fox Creek and Swan Hills areas within the company's portfolio of Alberta lithium properties. MGX stated that "the Study provides for a positive basis to move forward."

The full report can be accessed with the following links:

English (PDF):

http://rockstone-research.com/images/PDF/MGX6en.pdf

English (web version):

http://rockstone-research.com/index.php/en/research-reports/931-Pioneering-Lithium-in-Alberta:-MGX-Minerals-Teams-Up

German (PDF):

http://rockstone-research.com/images/PDF/MGX6de.pdf

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

SOURCE: Rockstone Research