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MGX Minerals Inc. (OTC:MGXMF) is conducting a strategic review of its REN niobium-tantalum-titanium-rubidium project aimed at nuclear and space metals. This project, previously drilled in 2018, yielded noteworthy results, including a drill intersection of 44 meters at 1700ppm niobium. The REN property is situated in British Columbia, and the review emphasizes the potential of these high-melting-point metals for aerospace and nuclear applications. The project results signify the company's commitment to advancing its resource interests in critical metal markets.
MGX Minerals Inc. has released the results of a design study focusing on a standardized nuclear fuel for Small Modular Reactors (SMRs). The study identifies TRISO pellets as the optimal fuel candidate, utilizing high assay, low enriched uranium feedstock for cost efficiency and supply chain advantages. However, low enriched fuel may fall short for advanced space travel, necessitating two distinct TRISO fuel markets. The company aims for a 0.5 mm uranium kernel within heat-resistant materials to meet operational demands.
MGX Minerals Inc. has completed an initial review of Small Modular Nuclear Reactor Technology (SMR), identifying an opportunity in standardized fuel design. This initiative aims to ensure a reliable fuel supply for developers of SMR technology, focusing on uranium and americium-based pellet fuel, including TRI-structural ISOtropic particle fuel (TRISO). MGX is poised to cater to both the energy infrastructure and long-range space flight markets through innovative fuel solutions.
MGX Minerals Inc. (OTCQB: MGXMF) has initiated a comprehensive review of Advanced Small Modular Nuclear Reactor Technologies (SMR), focusing particularly on TRISO reactor designs and associated mining and fuel processing opportunities. This review aims to identify advancements in clean energy technologies and enhance the company's position in the nuclear energy sector. The company emphasizes its commitment to exploring sustainable energy solutions as part of its ongoing development strategies.
MGX Minerals Inc. has released metallurgy results for gold extraction from the Heino Gold Deposit, showcasing a significant recovery rate. A 2kg sample from a 150kg bulk sample revealed an average of 28.8 grams per tonne of gold. Remarkably, the extraction process yielded a 94.1% total recovery, with only 5.9% of gold reporting to tailings. The findings indicate a robust performance of the gravity and flotation circuits employed. These results are integral for the ongoing assessment of the Heino Gold Deposit's viability and prospects.
MGX Minerals Inc. has released preliminary assay results from the Heino Gold Deposit, indicating an average of 17.3 grams per tonne of gold with a 20% recovery through initial processing. Notably, individual samples showed up to 63.3 grams per tonne with 53% recovery. The company plans further metallurgy testing, including flotation tests, to enhance gold recovery. These results are critical for advancing the Heino project and potentially increasing shareholder value.
MGX Minerals Inc. (CSE:XMG, OTC:MGXMF) has initiated metallurgy studies to extract gold from the Heino Gold Deposit and Tillicum Claims, with samples received at ALS Global Canada. Testing aims to assess gold grades and develop preparation methods. The company also staked a new lithium, cesium, and rubidium property. A name change to Tillicum Mountain Gold Inc. has been approved, and there has been a delay in holding the annual general meeting due to COVID-19. Additionally, MGX announced a debt settlement through share issuance and accepted the resignation of its President.
MGX Minerals has announced the completion of a site visit report by SRK Consulting for the Heino Gold Deposit and Tillicum Claims, following an initial Technical Report filed in June 2020. The site visit, conducted from July 7-9, 2020, aimed to verify historical drill core mineralization and understand geological controls. The report noted complex mineralization linked to shear zones and intrusive episodes. Recommendations include further structural mapping and developing a 3D lithostructural model. Full details will be available on SEDAR shortly.
MGX Minerals Inc. has released a petrographic report on gold sample #303 from the Heino Money Gold Deposit, highlighting the potential for metallurgical extraction. The report indicates native gold presence concentrated mainly in silicates and quartz, with analytical results showing 207 ppm Au (6.04 oz/ton) in a 0.94 kg sample. The report details the mineral composition, primarily composed of quartz, pyrrhotite, and sphalerite. The company plans further metallurgical testing by month-end, aiming to enhance extraction processes.
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