• LAST TRADES: XMG:C$1.09
  • MGXMF:US$0.85
  • 1MG:0.74
German Translator      
 
News

Press Releases

GET EMAIL UPDATES

Press Releases

MGX Minerals Prepares for Off-Take Agreement

VANCOUVER, BRITISH COLUMBIA – January 26, 2015 – MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG) is pleased to provide notice to North American purchasers of Dead-Burned Magnesia (“DBM”) that samples from the Company’s Driftwood Creek magnesium deposit are now available for evaluation.

MGX anticipates delivery dates commencing during the second half of 2016 and is prepared to begin negotiation of long term off-take agreements providing up to 100,000 metric tonnes per year for up to 10 years, freight on board Cranbrook, British Columbia.

The Company requests that interested parties provide, as required, magnesium oxide (MgO) cutoff grades, maximum impurities, calcium-silica ratio, maximum loss on ignition (LOI), and any other special requirements to determine initial suitability.

MGX aims to provide a stable, secure, long term supply of MgO to the North American market with quality MgO products of consistent grade and purity.