Canadian mining company MGX Minerals has signed a definitive option agreement to acquire 50 % of the shares in Chilean Lithium Salars , which has a 100 % interest in three lithium brine projects in Chile at Francisco Basin , Laguna Grande and Laguna Escondida . With drilling permission already in place for all three projects , contractors are due to start exploratory work immediately at the Francisco Basin site , while samples have been taken at Laguna Grande prior to work beginning using MGX Mineral 's rapid lithium extraction technology .
Canadian mining company MGX Minerals has signed a definitive option agreement to acquire 50% of the shares in Chilean Lithium Salars, which has a 100% interest in three lithium brine projects in Chile at Francisco Basin, Laguna Brava and Laguna Escondida. With drilling permission already in place for all three projects, contractors are due to start exploratory work immediately at the Francisco Basin site, while samples have been taken at Laguna Brava prior to work beginning using MGX Mineral's rapid lithium extraction technology.