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MGX Minerals names mining executive as new vice-president of operations

Last updated: 09:30 28 Sep 2017 EDT, First published: 04:30 28 Sep 2017 EDT

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MGX controls 2mln acres of lithium brine mineral claims

There's been plenty of newsflow from MGX Minerals Inc (CNSX: XMG, OTCQB:MGXMF) in recent weeks and today was no exception.

The materials and petrolithium group revealed it had hired mining executive Ian Graham as vice-president of operations.

Graham has more than 20 years' international experience exploring and developing mineral deposits and has worked for major players, including Rio Tinto plc (LON:RIO) and Anglo American plc (LON:AAL).

From 1990 to 1994 he was principal geologist in exploration for Anglo American and partner in De Beers Group’s South Africa division.

After that, he joined Rio in Canada as the evaluation manager for the Diavik diamond mine, then went on to become chief geologist for diamonds with the major's  project generation group.

"We are extremely pleased to have Ian join the team," said MGX chairman Marc Bruner.

"Ian will draw from his extensive experience in hardrock mining to develop our diverse and growing mineral assets,” he said.

"The rise in clean energy technologies is creating changes in the extractives economy, including a spike in lithium demand. Whether through petroleum brine or hardrock mining, we are confident we can meet this demand with Ian’s leadership."

Yesterday, the firm's shares began life on York's OTCQB market.

The group controls 2mln acres of lithium brine mineral claims and has developed a proprietary, low-energy process that extracts and concentrates minerals such as lithium and magnesium petrolithium (oilfield brine) and naturally occurring salt brine sources while also treating the associated wastewater to produce clean water.

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