Mag One Products Inc.
Mag One Products Inc (MOPI) is not an exploration company as its principal business is the development and commercialization of technologies for the processing and production of magnesium (Mg) metal, Mg-related compounds, by-products and co-products from already mined, above ground serpentinite tailings. MOPI’s goal is to become the lowest cost producer of Mg metal in the world by producing Mg at a price equivalent to Aluminium. Mag One’s potential is evidenced by the fact that it has received support from both the Federal and Provincial governments and is in the process of negotiating further support.
Mag One has a strong management team and a world class technical team, led by Gillian Holcroft, Master’s in Chemical Engineering and 30 years of experience in the mining and metallurgical sector and technology commercialization. Dr. Dreisinger, a world-renowned metallurgist, Dr. Zuliani a metallurgical executive with 30 years of experience in Mg metal production. The Quebec team includes the University of Sherbrooke and the Centre d’Innovation Miniere de la MRC des Sources (CIMMS) who worked with Mag One to build and operate a pilot facility to demonstrate the first phase of Mag One’s unique process.
Mag One’s pathway to commercialization involves building a modular 30,000 TPY high purity magnesium oxide (MgO) and amorphous silica production facility in 2021 followed by 5000 TPY Mg metal production modules. Subsequent modules will be financed from operating revenues until we are producing 1M TPY of Mg metal.
Mag One Products Inc. (MDD)
le 8 mars /March 2019
Mag One Products Inc. will be reinstated for trading at the market open on Monday, March 11, 2019
The Company has rectified the default situation that gave rise to the suspension.