LITHIUM PRODUCERS

One of the few operations geared toward culling direct lithium hydroxide , Nemaska has been working the Whabouchi mine in Quebec , Canada . Some claim this could prove to be the second wealthiest mine and potentially the biggest lithium deposit on the planet , at an estimated 28m tonnes . The open-pit operation yields 2,740 tonnes of ore daily and has a life expectancy of 26 years . Despite a promising portfolio , Nemaska lithium stock has declined in 2017 and stands below its $ 1.20 rate five years ago .

MGX is active in numerous large-scale mining operations in Canada with others located in the United States . The outfit employs a specialised practice to cull lithium carbonate and other minerals from salt water . The water , which moves to the surface with pumped petroleum , is treated as a waste by-product . As an innovator in lithium and mineral mining in general , MGX has acquired more than 1.7m acres of brine resources for its oilfield extraction process . Currently , waste water disposal runs approximately $ 13 per barrel and MGX is engaged in developing a treatment process that would purify the water after extracting the lithium . MGX is a next generation lithium producer .

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