MGX and Belmont Form Nevada Lithium Joint Venture at Kibby Basin
Jul 13, 2018
MGX Targets US Lithium Brine Acquisitions for its Rapid
Extraction Technology
ZURICH, SWITZERLAND
/ ACCESSWIRE / July 13, 2018 / In light of the pressing need for a new US lithium supply under the new tariff regime under the Trump Administration, MGX Minerals Inc. (CSE: XMG; OTCQB: MGXMF; Frankfurt: 1MG) today announced a strategic joint venture with Belmont Resources Inc. (TSX.V: BEA; Frankfurt: L3L1), entering into a Property Option Agreement to acquire up to 50% interest in Belmont’s flagship Kibby Basin Lithium Brine Property, located some 50 km north of the Clayton Valley and thus closer to Tesla’s Gigafactory near Sparks, Nevada.
With the overappropriated Clayton Valley hosting the only lithium mine on US soil and a potential trade war escalating between China and the US at the very moment, the spotlight is, and will be, on domestic production of batteries and strategic commodities like lithium as such have officially been deemed critical to the economic and national security of the US.
The full report can be accessed with the following links:
Disclaimer: Please read the full disclaimer within the full research report as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
ReleaseID: 505238
July 13, 2018 /AccessWire/ —
MGX Targets US Lithium Brine Acquisitions for its Rapid
Extraction Technology
ZURICH, SWITZERLAND
/ ACCESSWIRE / July 13, 2018 / In light of the pressing need for a new US lithium supply under the new tariff regime under the Trump Administration, MGX Minerals Inc. (CSE: XMG; OTCQB: MGXMF; Frankfurt: 1MG) today announced a strategic joint venture with Belmont Resources Inc. (TSX.V: BEA; Frankfurt: L3L1), entering into a Property Option Agreement to acquire up to 50% interest in Belmont’s flagship Kibby Basin Lithium Brine Property, located some 50 km north of the Clayton Valley and thus closer to Tesla’s Gigafactory near Sparks, Nevada.
With the overappropriated Clayton Valley hosting the only lithium mine on US soil and a potential trade war escalating between China and the US at the very moment, the spotlight is, and will be, on domestic production of batteries and strategic commodities like lithium as such have officially been deemed critical to the economic and national security of the US.
The full report can be accessed with the following
links:
Disclaimer: Please read the full
disclaimer within the full research report as fundamental risks and conflicts
of interest exist.
SOURCE: Rockstone Research
ReleaseID: 505238
Source URL: https://marketersmedia.com/mgx-and-belmont-form-nevada-lithium-joint-venture-at-kibby-basin/377325
Source: AccessWire
Release ID: 377325
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