MGX closes final tranche of private placement for Driftwood magnesia plant

By Liz Gyekye
Published: Monday, 17 August 2015

The company’s Driftwood magnesia facility has been given a shot in the arm from the $111,000 financial boost for its project, which will help it to fund plant equipment.

MGX Minerals Inc. has closed the second and final tranche of its non-brokered private placement for total gross proceeds of Canadian dollar (C$) 146,274.45 ($111,307.80*) to help advance its magnesia plant at the Driftwood Creek property in British Columbia, Canada.

In a statement, the Canada-headquartered company...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.