NetworkNewsWire Announces Publication Discussing Lithium Stocks to Keep an Eye On
New York, New York--(Newsfile Corp. - October 23, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring MGX Minerals Inc. (CSE: XMG) (FSE: 1MG) (OTCQB: MGXMF), a client of NNW that operates as a diversified Canadian resource company developing large-scale mineral portfolios in specific commodities and jurisdictions in North America.
The publication, titled, "World Demand for Lithium Growing Rapidly as Energy Storage Needs Skyrocket," highlights several companies focused on growth opportunities in today's lithium market.
To view the full publication, visit: https://www.networknewswire.com/world-demand-lithium-growing-rapidly-energy-storage-needs-skyrocket/
"Today's world is moving at a faster pace than ever, and China's recent announcement that it is setting a deadline for automakers to end sales of fossil-fueled vehicles and shift to electric vehicles is fueling much of the race. ... Producers of processed lithium - the key element for batteries used in electric vehicles and modern consumer devices such as cell phones and laptop computers - are keen to provide enough lithium to satisfy even the most demanding customer. Global forecasts for electronic vehicle sales are expected to reach more than 3 million units by 2021 and just over 14 million units in 2025, according to analysts at global financial firm UBS (http://nnw.fm/Non1L). Accordingly, the demand for lithium is strong, Grand View Research stated in a recent report, noting that the global lithium-ion battery market is projected to soar to $93.1 billion by 2025. Current market forces mean lithium investments and projects in the pipeline need to ramp up quickly to serve the world's aggressive appetite for this cleaner energy source.
"MGX Minerals and its engineering partner, PurLucid Treatment Solutions, have developed a patent-pending, low-energy design process to extract valuable minerals like lithium from the abundant, highly mineralized brine wastewater produced each year by oil and gas companies. This proprietary, petrolithium process rapidly concentrates lithium and other minerals from lithium-bearing brine in hours, compared to traditional solar evaporation, which takes 18-24 months and requires hundreds of acres of land."
About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX.
For more information, visit www.MGXMinerals.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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