MGX Minerals Prepares for Off-Take Agreement

Press Releases |

VANCOUVER, BRITISH COLUMBIA / January 26, 2015 / MGX Minerals Inc. (“MGX” or the “Company”) ($XMG:CNX) is pleased to provide notice to North American purchasers of Dead-Burned Magnesia (“DBM”) that samples from the Company’s Driftwood Creek magnesium deposit are now available for evaluation.

MGX anticipates delivery dates commencing during the second half of 2016 and is prepared to begin negotiation of long term off-take agreements providing up to 100,000 metric tonnes per year for up to 10 years, freight on board Cranbrook, British Columbia.

The Company requests that interested parties provide, as required, magnesium oxide (MgO) cutoff grades, maximum impurities, calcium-silica ratio, maximum loss on ignition (LOI), and any other special requirements to determine initial suitability.

MGX aims to provide a stable, secure, long term supply of MgO to the North American market with quality MgO products of consistent grade and purity.

About MGX Minerals

MGX Minerals ($XMG:CNX) is a diversified Canadian mining company engaged in the acquisition and development of industrial mineral deposits in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. For more information please visit the Company’s website at www.mgxminerals.com.

For further information please contact:

Jared Lazerson
Chief Executive Officer
MGX Minerals Inc.
Telephone: 604.681.7735
Email: jared@mgxminerals.com

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