MGX Minerals, Inc. (MGXMF) Continues Strong Start to the Year as Lithium Mining Booms
In the first few months of 2017, MGX Minerals, Inc. (OTC: MGXMF) announced a cheaper lithium extraction process (http://nnw.fm/tQ5wC) that yielded 1600mg/L of lithium and also recovered potentially saleable by-products of magnesium, boron and potassium. The market for lithium-ion batteries is expected to grow in value to $46.21 billion annually within the next five years thanks to growing demand from electric car manufacturers such as Tesla, Nissan and BAIC Motor. Thanks to its unique characteristics, lithium provides the most energy per weight or volume, so batteries can be made smaller and more efficient. The demand is growing rapidly, and Deutsche…







