QualityStocksNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Executes LOI to Jointly Develop New Hard-Rock Lithium Extraction Process
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…