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McClean Lake mill to process the mine
production from the Gryphon deposit -
estimated to have operating costs of less
than US$12.00/lb U
3
O
8
.
While the majority of Denison's value
is derived from Wheeler River and the
McClean Lake mill interest; the company
generates cash flow by providing mine
decommissioning services through its
Denison Environmental Services division
and through its management contract with
Uranium Participation Corp. [U-TSX].
With permitting and ISR field testing
planned for Phoenix, it's worth following
the company's steps in 2019.
MGX MINERALS INC. [XMG-CSE]
MGX Minerals is a diversified clean energy
and mining technology company engaged
in the development of large-scale industrial
mineral projects. MGX is currently manag-
ing magnesium, lithium, silicon and gold
operations throughout BC and Alberta.
The company is leading the transition
to renewable energy through investments
in battery commodities, extraction pro
-
cesses, and clean tech for the oil, gas and
mining sectors. MGX's main project is its
flagship commercial rapid lithium extrac-
tion technology, developed in partnership
with PurLucid Treatment Solutions. This
technology reduces the capital expendi-
ture, geographic limitations, water usage
and environmental footprint required to
extract lithium and could further mine the
metal from a broader range of brines and
other sources.
Among all the operations the company
is currently involved in, the asset with the
most tangible value is the Driftwood Creek
magnesium project in British Columbia.
This project is host to a high-grade mag
-
nesite deposit with the 2018 PEA outlining
a post-tax NPV of $316.7 million, and an
IRR of 19.3% with a payback period of
four years.
MGX's vision is to serve as a
leader in providing the clean energy
resources that will make the foundation
of tomorrow's energy economy and
2019 is a very promising year for the com-
pany.
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