Breaking News: MGX Minerals Announces Silicon Partnership with Dong Bang Metal Company | Financial Buzz

Breaking News: MGX Minerals Announces Silicon Partnership with Dong Bang Metal Company

MGX Minerals Inc. (CSE: XMG) (OTC: MGXMF) has formed a business development and distribution partnership with Dong Bang Metal Co. Ltd. of Korea for metallurgical-grade silicon (3303). The partnership has executed a non-binding letter of intent outlining commercial terms, including grade, quantity, price, delivery and distribution plan. Under certain terms and conditions, Dong Bang will receive exclusive distribution rights for Asia, inclusive of Korea and Japan.


Metallurgical testing on a one-tonne sample from the company’s Gibraltar Silica deposit, located 95 kilometres northeast of Cranbrook, B.C., has indicated that the material is chemically suitable, as medium-quality feedstock, for metallurgical-grade silicon. The one-tonne sample of quartzite from Gibraltar was shipped to Dorfner Anzaplan, an independent laboratory, for mineralogical analyses through X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing. The sample was crushed and screened into fractions between 20 millimetres and 120 millimetres for evaluation of applicability of these fractions as feedstock for metallurgical-grade silicon production. Results indicate that the material, after comminution and classification fraction, is of high initial purity (99.5 weight per cent), making the fraction chemically suitable as medium-quality feedstock material for metallurgical-grade silicon metal production.

The demand for silicon metal continues to grow and recent supply chain bottlenecks have limited overall supply, creating an opportunity for the distribution of silicon in Asia from North America. Increased demand for solar panels, microprocessors and silicon alloys, due to their semiconductor and structural properties, continue to create large-scale shortages for silicon. The current quoted spot price of silicon 3303 grade in China is $2,100 (U.S.) per tonne

About the Gibraltar silica property

The Gibraltar silica property is located approximately 95 kilometres northeast of Cranbrook, B.C.

It covers a sedimentary clastic-carbonate rock package located near the confluence of Kootenay and White River. Sedimentary rocks generally have a north-northwest strike, but, locally, a north-northeast strike is prominent. Minor folding was noted in the carbonate sequence immediately adjacent to quartzite unit. Two westerly dipping thrust faults (Hay and Carter, 1988) are believed to run north-south close to the eastern edge of the Gibraltar property.

The company has completed five drill holes at Gibraltar. The holes were located at the Red Cloud (Gibraltar) quarry that was operated on a small scale in 1967. The objective of the drill program was to test subsurface dimensions of high-purity quartzite. The Gibraltar North zone has been sampled and mapped, and the area located about 400 metres north of the south zone represents the continuation of the Mount Wilson formation quartzite.

Koot silica

The Koot silica project is located proximate (five kilometres) to Gibraltar. The 2018 core drilling and geochemical sampling were carried out to evaluate mineral potential in a 180-metre-by-600-metre area (elongated northwest), located in the east portion of the Koot silica property in the area where quartzite is well exposed on a low-relief ridge. This coincides with the general area where Cominco Ltd. drilled eight holes in 1981.

Exploration drill results from 2018 are as shown in an attached table.


The processing of silica to silicon is a relatively simple process primarily dependent on high-quality feedstock. Additional ingredients of wood chips (for spacing) and metallurgical-grade coal (to reduce energy requirements and assist in even heat transfer) are required. Both of these ingredients as well as electricity, at a globally competitive price, are available in the region. The materials are top loaded into a submerged arc furnace (SAF) and heated to 1,600 C, melting the silica, which is then bottom poured into bricks, which are ground into three-inch to four-inch pieces for shipping. MGX has issued a global request for quotation (RFQ) from major furnace manufacturers with minimum specification of 1,000 tonnes per month, as outlined in the letter of intent.

Qualified person

Andris Kikauka, PGeo, chief executive officer of MGX Minerals, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent qualified person within the meaning of National Instrument 43-101.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource and technology company with interests in strategic metals, precious metals and energy technologies.

Sponsored Content Release. Click for Full Disclosure

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

  • Sponsored Content Release, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, creates 100% unique original content. also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content),, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. receives fees for producing and presenting high quality and sophisticated content on along with other financial news PR media services. does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For mgx minerals inc. video production, filming editing, news reporting, financial and corporate news dissemination, anticipates to be compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. will always disclose any compensation in securities or cash payments for financial news PR advertising. does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security., members  and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: