MGX Minerals Inc. (XMG.CN)
MGX Minerals Inc. operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Vancouver, BC, CA. The stock last traded at $0.05, up 0.00% on the session, giving a market capitalisation of $7.8M. Its beta of 1.03 implies it has historically moved more than the broad market.
MGX Minerals Inc. specializes in the acquisition, exploration, and advancement of both mineral resources and industrial technologies. The company actively manages and invests in a varied portfolio of Canadian mineral properties, featuring deposits such as lithium, magnesium oxide, silica, niobium-tantalum, and gold. Its wholly-owned assets include the Fran Property in British Columbia's Omineca Mining District, the Longworth Silica Property, Wonah mineral claims, the Alberta Lithium property, and the Gibraltar Claims. Additionally, MGX holds a 90% interest in the Driftwood Property, alongside stakes in the Koot Silica Property, Sturgeon Lake Lithium Brine Property, REN mineral claims, Kibby Basin, the HeinoMoney Gold deposit, and Tillicum claims. Beyond its mineral operations, the firm owns, operates, and markets water treatment systems to the oil and gas industry. It also boasts proprietary technology for extracting lithium from brine that bypasses the need for solar evaporation. The company's headquarters are located in Vancouver, Canada.
MGX Minerals Inc. is most often compared with the following Basic Materials names: