MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) is aiming to tackle the growing lithium industry utilizing its proprietary and patented nanoflotation technology. An article discussing this reads: “The global lithium market is projected by the Freedonia® Group to reach $1.7 billion with a 8.9% CAGR through 2019 (http://dtn.fm/e8NWX). Even larger is the market for lithium-ion batteries, which is expected to hit $46.21 billion by 2022, growing by a CAGR of 10.8%, as analyzed by Allied Market Research (http://dtn.fm/G9Ea7). Electric and hybrid cars, smart phones and other devices will propel that growth.”
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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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