Due to its lightweight and great strength-to-weight ratio, the demand and utilization of Magnesium, (including its alloys, compounds) is projected to rise by 5% for each of the next few years. Mg is 75% lighter than steel and 38% lighter than aluminum. Mag One, via its operating subsidiary, Mag One Operations Inc., is positioned to redefine the current processing and pricing in the magnesium industry by drastically reducing its cost (aims to be equal or less than the current cost of Aluminum) and delivering an ultrapure, cleaner, environmental Canadian alternative.
The company has four initial Projects:
Mag One Products Inc. is refining and working its paradigmatic proprietary technologies for the first pilot plant due to open by May 2017. Recent peer review by SNC-Lavalin suggests, from its sampling, testing, of our tailings, a pilot plant would better prove quality, grain size, etc. of the MgO for end-users, especially those interested in offtake agreements in North America and Europe, and of course for the Mg metal plant. Related ultrapure Mg compounds (Mg(OH)2) and Mg byproducts and coproducts will provide revenue to reinvest in the operations to produce products that are very economical and earth-friendly, in a sustainable way. The Company is also exploring the commercial viability of any Silica (Si), Nickel (Ni) as well as researching whether this same technology could also be applied for Li production.
NOTE: Recently, IIROC and the BC Securities Commission told the Company to stop using 50-million tonnes and 22% Mg content re our tailings in any info sheet, website, etc. Thus, a NI-43-101 Qualified Person was retained by the Company in February 2017 to prepare a report that we expect to verify both the quantity and mineralized quality of the huge tailings stockpile (using over 50+ years of historic reports from the owner, Mine Jeffrey, with which Mag One has an agreement securing access), recent sampling, even more current tests and assays. We trust the experience and facts re the significant mineral content (especially Mg) provided by Mine Jeffrey and we are confident this report will verify same. Due to vast size of stockpile the report will take more than a mere 45 days and the QP has requested more time, but the end report will be released to the public once complete.
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