MGX Minerals acquires Californian magnesite deposit and plans first wallboard plant
Published: Friday, 19 June 2015
The Canadian company has found a new exploration opportunity by expanding its operations into the US with the acquisition of the Needles magnesite deposit in California. MGX plans to explore the site to enable it to supply magnesium oxide wallboard to nearby areas. However, Driftwood still remains its flagship project.
MGX Minerals Inc. has acquired the Needles
magnesite deposit located in San Bernardino County, California,
and plans to build the US’ first magnesium oxide
(MgO) wallboard production plant at the site.
Needles has been explored intermittently
since the 1930s, according to the company.
Exploration to date has focused mainly on...