Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced its entry into a letter of intent with Orion Laboratories, LLC of Oak Ridge, Tennessee, and Light Metals International Inc. (“LMI”) of Vancouver, British Columbia, related to the development and commercialization of a new process for extracting hard-rock lithium from spodumene concentrate. Dr. James G. Blencoe leads both Orion and LMI, leveraging more than four decades of experience in designing, constructing, operating and maintaining specialized equipment for advanced chemical production. “The success of our Case Lake, Ontario joint venture has led us to review new metallurgical methods that have the potential to significantly reduce the costs and equipment required for extraction of the principle spodumene elements lithium, aluminum, and silicon (the latter in the form of silica),” Jared Lazerson, CEO and president of MGX, stated in the news release. “We believe Dr. Blencoe has a firm understanding of the thermochemical requirements to achieve such a goal.”
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About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX. Learn more at www.MGXMinerals.com
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