MGX Minerals' Flagship Mining Project Awaits Lease Issuance

Spotlight Companies  |

Waiting for approval to pursue one’s goals is a universal stress. After weeks or months of effort and careful attention to every requirement and detail, there is inevitably one person or committee that can either mark the project complete, or send it back to the drawing board. Canadian mining company MGX Minerals Inc (XMG:CNX) is currently in the middle of this arduous process, as they await a pending approval in the crucial last stage of their major mining project.

MGX Minerals’ flagship Driftwood Creek project has been submitted in the final step of mining lease issuance to the British Columbia Land Title and Survey Authority. The project was completed, certified and is awaiting review by the B.C. Surveyor General and the B.C. Ministry of Energy and Mines.

Currently controlling the majority of known magnesite occurrences in British Columbia, the Vancouver-based mining company’s goal for the project is to construct a quarry mine processing plant to produce magnesium oxide. Driftwood Creek is located in the Brisco-Driftwood mining district of Southeastern British Columbia.

One Step Closer to Producing a Vital Product

Continued production of magnesium oxide ensures that consumers will have access to over-the-counter medicines that help treat acid indigestion, heartburn, and low magnesium levels.

Having completed the Driftwood Creek Phase II drilling in just over a month, it’s hard to play the waiting game. However, in MGX Minerals’ case, the multiple channels of approval will have been worth the trouble, as the issuance of this mining lease will allow MGX Minerals to take a leading role in providing various medical companies with a mineral that is absolutely essential to our health.

For more information, please visit the company’s website at

Disclosure: In the purview of Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention the fact that, Inc. may be compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. The information contained herein should not be considered to be all-inclusive and is not guaranteed by to be free from misstatement or errors. Readers are reminded to do their own due diligence when researching any companies mentioned on this website.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



Symbol Last Price Change % Change










Level Headed at World Crypto Con - Steve Beauregard CRO Steve Beauregard joins Jack Brewer at World Crypto Con.

Emerging Growth

Invictus MD Strategies Corp

Invictus MD Strategies Corp is focused on two main verticals within the Canadian cannabis sector under the Access to Cannabis for Medical Purposes Regulations having investment in Acreage Pharms Ltd.,…