November 26, 2018

Report #84Lithium, Wastewater, Oil & Gas, Petcoke, Energy Storage, Silicon, Magnesium

Revenue Phase For This Canadian Industrial Cleantech SuperstarToday, MGX Minerals Inc. confirmed to have received and processed a first shipment of 40m3 wastewater brine from an oilsands producer in Alberta, Canada.

The system treated highly concentrated evaporator blowdown (“EBD”) wastewater and will provide significant cost savings for the customer. This marks the historic beginning of an impressive revenue and growth cycle for MGX and its subsidiary, engineering partner PurLucid Treatment Solutions Inc.

Already recognized as a world leader in lithium extraction and water treatment by Standard & Poors Global Platts Metals as the winner of the Leadership Award in Base & Speciality Minerals 2018 and double nominated for the Standard & Poors Energy Awards this December, MGX’s cutting-edge petrolithium technology is able to clean highly toxic oil production wastewaters.

What makes this all the more attractive, especially for other oil producers globally to adopt this low energy, low cost and low CAPEX technology, is that nobody – except MGX/PurLucid – can do this.

On top of that, the environmentally friendly technology is able to rapidly extract minerals, such as lithium wherever there is this valuable mineral after the cleaning of the wastewater, thus providing a second potential revenue stream.

Conventional lithium production from brine comes from capital and water intensive as well as space and time consuming evaporation ponds (12-18 months lead time versus less than 1 day when using the low cost petrolithium rapdid extraction technology from MGX/PurLucid).

MGX has demonstrated this technology and is now scaling up.

Company Details

MGX Minerals Inc.#303 – 1080 Howe StreetVancouver, BC, Canada V6C 2T1Phone: +1 604 681 7735 Email: jared@mgxminerals.comwww.mgxminerals.com

Shares Issued & Outstanding: 125,324,075

Canadian Symbol (CSE): XMGCurrent Price: $0.62 CAD (11/23/2018)Market Capitalization: $78 Million CAD

German Symbol / WKN: 1MG / A12E3PCurrent Price: €0.41 EUR (11/23/2018)Market Capitalization: €51 Million EUR

Chart Canada (CSE)

Chart Germany (Frankfurt)

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Becoming A World Leader

“Innovation distinguishes between a leader and a follower.” (Steve Jobs)

The first petrolithium plant, which just began processing at a centralized site in Edmonton, has a capacity of 750 barrels/day (5m3/hour). The next deployment, set for January, is connected to an $8.2 million CAD grant from the Alberta and Canadian Governments as part of a program to „accelerate development of innovative technologies that reduce GHG emissions“ and to „support Canadian companies with the potential to become world leaders in their efforts to develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil“.

The Daily Oil Bulletin (DOB), the “most trusted source of exclusive news, data and analysis for Canada’s oil and gas industry“, reported last week that “Connacher To Field Test Purlucid Water Treatment Tech For Lower Costs, GHGs“. While light on details, this exclusive article stated that the government-funded technology “could significantly reduce operating costs and GHG emissions related to SAGD water treatment“. Further, that Connacher Oil & Gas Ltd. has just received the permit from the AER (Alberta Energy Regulator) for the 1,500 bpd (barrels per day) high temperature, high pressure water treatment system at its Great Divide/Algar site south of Fort McMurray.

In last week’s interview, Lazerson noted that “It is a real achievement to get these approvals. We are the only ones that can do deal with this type of wastewater inline and have the approvals. I am very proud of PurLucid and this achievement. It speaks to an extremely high level of professionalism.“

Connacher is a Calgary-based in-situ oilsands developer and producer with a 100% interest in approximately 465 million barrels of proved and probable bitumen

reserves, operating 2 SAGD (“Steam-Assisted Gravity Drainage“) facilities in Alberta with a current production of approximately 11,000 barrels per day. Recently, Connacher was acquired by East River Oil & Gas Ltd., a private US-based oil and gas major.

In Connacher’s application to the AER, PurLucid noted that “Once success-ful treatment of produced water is achieved, the industry may be able to realize a large reduction in the energy and GHG intensity of heavy oil produc-tion from steam injection. Estimates by an independent auditor for SDTC/ERA indicate that reasonable adoption of the technology could reduce GHG emissions in Alberta by over one mil-lion tonnes a year in 2022 and by over two million tonnes a year by 2026.”

According to the DOB article, “The pilot will seek to confirm GHG reductions of 60 to 200 kilotonnes per year based on a standard 33,000-bbl/d SAGD facility using existing technology, as well a 60 to 70 per cent reduction in capital costs and 40 per cent reduction in operating costs.“

Alberta is responsible for about 80% of Canada’s total crude oil production. As the world’s 8th largest producer of oil and gas, Alberta is home to the largest oilsands mines in the world and correspondingly represents Canada’s largest GHG emitter. The federal and provincial governments are working

closely with the industry to find solutions to reduce GHG emissions and make Alberta more environmentally friendly. The MGX/PurLucid technology may very well emerge as a solution to reduce GHG emissions and clean highly toxic wastewaters from the production of oil and gas.

Making Canadian Oil Competitive

While global oil prices have been falling dramatically over the last months, Canadian oil has been hit the hardest. Reducing operational costs is one of the solutions for Canadian oil to become more competitive again.

In mid-November, MGX announced to have received notice of publication of a patent for low-cost combined heat and power cogeneration for heavy oil and oilsands producers. The new technology feature combines steam and electricity production with the existing wastewater treatment and mineral extraction technologies.

MGX’s new method generates electricity with pure water and mineral extraction, such as lithium and vanadium as by-products from contaminated oil and gas production wastewaters. MGX aims to make the Canadian heavy oil and oilsands industry not only more environmentally friendly but more competitive on a global scale.

Report #84 | MGX Minerals Inc.

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The new technology design “substantively reduced cost and energy requirements while providing electricity for sale or internal use“, the company stated.

“When applied to heavy oil production in Alberta, the system can reduce the greenhouse gas emissions from 2.45 tpd/bbl capacity (0.48 tonnes / m3 of produced oil) to 1.19 tpd/bbl capacity (0.11 to 0.15 tonnes / m3 of produced oil). This reduces the energy requirement and associated GHG intensity by over 70%, making it similar to conventional oil recovery in other areas. In addition, because the capital used has revenue from both electricity and oil production, the cost of electricity production is comparable to the lower 25% of the market cost in North America and the cost of heavy oil production becomes similar to costs to produce light crude oil in the middle east.“

The advanced system was designed within a consortium, including MGX, PurLucid and David Bromley Engineering Ltd. for the generation of electricity and excess steam for thermal oil recovery and extraction of minerals.

This MGX-led consortium also includes power production, engineering and high-power demand clients evaluating opportunities for large-scale, low-cost power production.

Looking Ahead

In early November, Jared Lazerson gave an interview in which he, for the first time, talked about projected revenue from the wastewater treatment business.

The first petrolithium plant (NFLi-5), which just started commercially with a capacity of 750 barrels/day (5m3/hour), is projected to generate up to $1.7 million in revenue under full use on an annualized basis, with a CAPEX of about $750,000 USD. MGX owns this plant, PurLucid is the contractor, and revenue is split 80/20 for MGX (20% goes to PurLucid as a management fee).

With a capacity of 1,500 barrels/day, the second petrolithium plant (NFLi-10) is twice as big as the first one and comes with a CAPEX of about $4 million USD as it has titanium parts (it can handle more pressure, heat, etc. and is high end, long life). This second deployment, as previously described in the Daily Oil Bulletin and recently permitted, will go to the oilsands SAGD site and is government grant funded.

The third petrolithium plant will be ready in late Q1 or early Q2 of 2019, will go to an additional SAGD facility and also has a capacity of 1,500 barrels/day.

The fourth petrolithium plant (NFLi-20), already in fabrication, will have a capacity of 3,000 barrels/day at a CAPEX of $2.7 million USD. This plant is being built for MGX, which has not disclosed on the final deployment location, but with projects in oilsands, Western USA, and South America, we can only guess what MGX has planned.

In total, these 4 systems alone have capacity to generate up to $15.3 million in revenue annually based on current oilsands projects under full capacity, that is to say without any by-product credits from the extraction of lithium and other minerals.

In the not too distant future, we may look back at this time as Lazerson started to make reality of his visionary efforts to “provide solutions to the most important of global problems“ as he stated in October. “The combination of cleaning wastewater and extracting minerals sets the stage for a bright future for MGX as we move into the revenue phase of our growth cycle with this globally applicable, low capital intensive, and most importantly, scalable technology.“

Over the last few years, the stage has been set. Now, the curtain is opening and MGX appears as the principal performer transitioning the energy industry to the next, environmentally friendly level, creating values for shareholders and stakeholders along the road. MGX appears to have taken the lithium and water world by storm with unrivalled technology and a determination that reminds of us of some of the great innovators of our time.

Having raised over $25 million in the past 12 months plus an additional $8 million financing announced last Friday and open for investment, MGX appears to have the horsepower behind them of major investment funds such as Sprott to purchase equipment and push the envelope even further in 2019.

Report #84 | MGX Minerals Inc.

Click on above image or here to watch the interview with Jared Lazerson, CEO of MGX.

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“This technology represents a landmark shift in environmental services and, where there are significant concentrations of lithium, a by-product that, with the rapidly increasing demand for lithium, may now represent to the energy industry, a shift similar to that which resulted from the commercialization of natural gas.

There is no doubt that on a daily basis in North America the oil and gas industry generates far more wastewater brine feedstock containing lithium (LiCl) then current global commercial lithium brine operations, largely due to the very long time solar evaporation takes, the traditional method of lithium brine extraction.

As natural gas was once seen as a hinderance or waste product, to be flared off, there is a similar parallel to wastewater treatment and mineral extraction.

The potential to offset surging wastewater management costs with our technology both in direct processing of water and, where applicable, extraction of lithium, may begin to solve the single biggest ancillary cost in oil & gas today.

I am proud to say this technology driven shift began last week.”

(Jared Lazerson, CEO of MGX Minerals, on November 26, 2018)

Report #84 | MGX Minerals Inc.

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Previous Coverage

Report #83 “MGX Starts Petrolithium Revenue And Growth Cycle Next Week“

Report #82 “New MGX Patent To Make Heavy Oil And Oilsands Producers Much More Competitive“

Report #81 “Belmont reports final lithium assays from first hole of 2018 and gets ready for continued drilling at Kibby Basin in Nevada“

Report #80 “MGX-Belmont Announce Next Round of Encouraging Lithium Drill Results from Nevada“

Report #79 “MGX-Belmont sample up to 580 ppm lithium in sediments at Kibby Basin Nevada Joint Venture“

Report #78 “MGX Identifies Large Geophysical Anomaly at Salinitas Lithium Project, Salinas Grandes, Argentina“

Report #77 “MGX-PurLucid Achieve 99.7% Lithium Recovery Along With Breakthrough in Component Costs“

Report #76 “MGX-Belmont Drilling Finds Multiple Brine Prospective Zones at Kibby Basin Lithium Joint Venture in Nevada“

Report #75 “MGX engages one of the world‘s most respected lithium upgrading and commercial scale-up experts“

Report #74 “MGX-ZincNyx start product certification for the mass market“

Report #73 “MGX-ZincNyx Announce Mass Production of Zinc-Air Battery Fuel Cell and Charging Components“

Report #72 “MGX Moves to the Big Time, Acquires Chilean Lithium Brine Projects“

Report #71 “MGX provides Update on Deployment of Several Plants for Rapid Lithium Extraction and Wastewater Treatment in Alberta“

Report #70 “The Drills are Turning at MGX-Belmont‘s Kibby Basin Lithium Joint Venture in Nevada“

Report #69 “MGX Engages Hatch Engineering for Scale-Up of its Rapid Lithium Extraction Plant in the Western United States“

Report #68 “MGX and Belmont to Start Drilling at Kibby Basin Lithium Project in Nevada on Saturday“

Report #67 “MGX Expands to Argentina, Home to One of the Largest and Richest Lithium Resources in the World“

Report #66 “MGX and Belmont Form Nevada Lithium Joint Venture at Kibby“

Report #65 “MGX-Highbury Expand Work to Gasify Petcoke into a Synthetic Crude Oil Equivalent“

Report #64 “MGX Delivers Update on Commercial Deployment of its Wastewater Treatment and Lithium Extraction Systems“

Report #63 “MGX is Drilling for Solar Grade Silicon Metal in British Columbia“

Report #62 “MGX-ZincNyx Now Ready To Start Commercialization Of Battery Systems For Mass Storage Of Energy“

Report #61 “MGX Minerals Raises $15,5 Million in an Oversubscribed Financing to Speed Up Lithium and Advanced Material Projects“

Report #60 “Sneak Preview of Big Oil Entering the Business of Big Batteries“

Report #59 “MGX Wins Industry Leadership Award from S&P Global Platts“

Report #58 “MGX Nears Commercial Deployment of 4 Petrolithium and Water Treatment Systems in Alberta“

Report #57 “MGX Announces Quadrupling of Power Output of Zinc-Air Fuel Cell Battery“

Report #56 “MGX Sets The Record Date For Its First Dividend“

Report #55 “The First ZincNyx Energy Storage Plant to be Deployed in New York City“

Report #54 “MGX in Final Stages of Commercial Deployment, Second Petrolithium Contract Already in the Making“

Report #53 “MGX-Highbury Accomplish Almost Complete Gasification of Petcoke, Produce High-Grade Vanadium Concentrate“

Report #52 “MGX Set to Alter Lithium Landscape, Partners with Investment Bank Heavyweight Capstone“

Report #51 “Congratulations! MGX Nominated in 2 Categories as a Finalist for the S&P Global Platts Metals Awards“

Report #50 “MGX Gets Serious About Magnesium, Engages Hatch for Magnesium Metal Scoping Study“

Report #49 “MGX to Acquire and Commercialize Clean Technology for Extraction of Lithium and Aluminum from Spodumene“

Report #48 “MGX Minerals Issues PEA for a World-Class Magnesium Project in British Columbia“

Report #84 | MGX Minerals Inc.

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Report #47 “High-Grade Battery Metals From Dirty Petcoke“

Report #46 “Big Times Ahead For Several Joint Ventures from MGX Minerals“

Report #45 “MGX Partner Broadcasting on US Television“

Report #44 “The Big Rethinking Begins: Multiple Lithium Projects in Chile Test the Rapid Lithium Extraction Technology from MGX“

Report #43 “Global Lithium Dominance? MGX Doubles Performance of Lithium Extraction Filters“

Report #42 “Scores of Tail Winds for MGX becoming a Leader in the New Energy Economy“

Report #41 “MGX Goes Big, Develops Utility-Scale Battery Storage System“

Report #40 “Positioned to Profit from Transition to New Energy Economy“

Report #39 “MGX Assembles Dream Team For California Lithium Strategy“

Report #38 “MGX: The Next GreenTech Energy Giant“

Report #37 “MGX Partners with Highbury Energy to make Petroleum Coke more Clean“

Report #36 “Technological Breakthrough in the Mass Energy Storage Industry“

Report #35 “Eureka! MGX Starts Developing Silica Projects after Acquisition of Mass Storage Battery Technology“

Report #34 “MGX Going Big on Petrolithium: The first large-scale integrated petroleum and lithium project ever developed“

Report #33 “Driving into the Realms of Tesla & Co: MGX Acquires Mass Storage Battery Technology from Teck“

Report #32 “Backed by Private and Institutional Heavyweights: MGX cashes up“

Report #31 “MGX Revolutionizes the Lithium World - Commissions First Rapid Lithium Extraction System“Report #30 “Full Steam Ahead: MGX Engages Senator Polanco (Ret.) to Head California Lithium Brine Strategy“

Report #29 “MGX to Target Geothermal Market for Extraction of Lithium and Gold“

Report #28 “MGX Minerals Commences Development of the World‘s First Petrolithium Field“

Report #27 “Canadian Government Backs MGX‘ Petrolithium Cleantech“

Report #26 “MGX Minerals Solves the Magnesium Problem of the Lithium Industry“

Report #25 “Hard-Rock Lithium Exposure for MGX“

Report #24 “One of the Largest Initial Oil Estimates in US History“

Report #23 “MGX starts Petrolithium pilot plant to deliver hard facts for strategic partners“

Report #22 “Time to bet: Sprott takes a position in MGX“

Report #21 “Petrolithium: First Come First Served“

Report #20 “Successful Independent Verification of the MGX Lithium Extraction Technology“

Report #19 “MGX to Drill the World‘s First PetroLithium Well in Utah“

Report #18 “MGX Reports Upgrading of Lithium Brine from 67 to 1600 ppm“

Report #17 “MGX technology nominated for prestigious Katerva Award, the Nobel Prize of Sustainability“

Report #16 “N/A“

Report #15 “Total Conviction: MGX forms PetroLithium Corp. to expand into the US oilfield brine markets“

Report #14 “MGX Extracts Lithium from Oil Wastewater - Begins Monumental Integration with Big Oil“

Report #13 “MGX Partners with Oil Major on Lithium Brine, New Energy Industry Facing Fundamental Shift“

Report #12 “Game Changing Potential:MGX Minerals‘ Pilot Plant for RapidProduction of Lithium Nears Completion“

Report #11 “MGX assays 34 g/t gold from surface sampling in BC“

Report #10 “Official: MGX owns magnesium worth multi-billions of dollars“

Report #9 “One of the world‘s largestlithium resources on the horizon?“

Report #8 “Ready for significant lithium brine work in Alberta“

Report #7 “At the forefront of Alberta‘s lithium brine riches“

Report #6 “Pioneering Lithium in Alberta: MGX Minerals Teams Up“

Report #5 “Time to Put a Lithium Production Process in Place“

Report #4 “MGX Minerals Taps Into Canada‘s Potentially Largest High-Grade Lithium Resources“

Report #3 “MGX Minerals Receives Mining Lease for 20 years (in BC!)“

Report #2 “MGX Minerals Accelerates Towards Production“

Report #1 “MGX Minerals Plans To Enter The Magnesium Market“

Report #84 | MGX Minerals Inc.

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Disclaimer and Information on Forward Looking StatementsCautionary Statement: MGX Minerals Inc. (“MGX“) may decide to advance its petrolithium projects into production without first establishing mineral resour-ces supported by an independent technical report or completing a feasibility study. A production decision without the benefit of a technical report independent-ly establishing mineral resources or reserves and any feasibility study demonstrating economic and techni-cal viability creates increased uncertainty and heigh-tens economic and technical risks of failure. Historical-ly, such projects have a much higher risk of economic or technical failure. This report contains forward-loo-king information or forward-looking statements (collectively “forward-looking information“) within the meaning of applicable securities laws. Forward-look-ing information is typically identified by words such as: “believe“, “expect“, “anticipate“, “intend“, “estimate“, “po-tentially“ and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Re-search and MGX Minerals Inc. cautions investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various fac-tors. The reader is referred to the MGX´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the MGX´s profile on SEDAR at www.sedar.com. All statements in this report, other than statements of historical fact, should be considered forward-looking statements. Much of this report is comprised of state-ments of projection. Statements in this report that are forward looking include that MGX starts revenue and growth cycle; that the first deployed petrolithium system will provide significant cost savings for the customer; that this marks the historic beginning of an impressive revenue and growth cycle for MGX and its subsidiary, engineering partner PurLucid Treatment Solutions Inc.; that MGX’s cutting-edge petrolithium technology is able to clean highly toxic oil produc-tion wastewaters; that other oil producers globally may adopt this low energy, low cost and low CAPEX technology; hat nobody – except MGX/PurLucid – can do what this technology does; that on top of that, the environmentally friendly technology is able to rapidly extract minerals, such as lithium wherever there is this valuable mineral after the cleaning of the wastewater, thus providing a second potential revenue stream; that lithium may be extracted in less than 1 day when using the MGX/PurLucid technology; that MGX has demonstrated this technology and is now scaling up; that the next deployment, set for January, or at all; that the MGX/PurLucid technology may very well emerge as a solution to reduce GHG emissions and clean highly toxic wastewaters from the production of oil and gas; that in the not too distant future, we may look back at this time as Lazerson started to make re-ality of his visionary efforts to “provide solutions to the most important of global problems”; that over the last few years, the stage has been set, and that now the curtain is opening and MGX appears as the principal performer transitioning the energy industry to the next, environmentally friendly level, creating values for shareholders and stakeholders along the road; that MGX appears to have taken the lithium and water world by storm with unrivalled technology and a determination that reminds of us of some of the great innovators of our time; that MGX appears to have the horsepower behind them of major investment funds such as Sprott to purchase equipment and push the envelope even further in 2019; that the patent filing for a new technology feature demonstrates the potential of adding a new, third income stream; that MGX and its engineering partner PurLucid Treatment Solutions Inc. will start generating revenue from environmental processing of evaporator blowdown wastewater (“EBD”) with its first deployed petrolithium plant (NFLi-5) in Alberta, Canada, or with any other planned system; that MGX projected that the first system is capable of generating up to $1.7 million in revenue under full use on an annualized basis from wastewater treatment, or any revenue at all; that any revenue from mineral extraction, such as lithium, to be added on top, if any at all; that three additional (2 x 10m3 per hour and 1 x 20m3 per hour) systems will be deployed, approximately every other month, during the first half of 2019, or at all; that the second system has twice the capacity of the first system and thus may generate up to $3.4 million annually, or anything at all; that the third system is said to have the same capacity as the second one, or any at all; that the fourth system, already in fabrication, has twice the capacity of the second and third system, thus possibly generating close to $7 million per year, or anything at all; that in total, these 4 systems have the potential to generate up to $15.3 million in revenue annually, that is to say

without any by-product credits from the extraction of lithium and other minerals; that additional systems may be added to this schedule as additional wastew-ater treatment, petrolithium, geothermal and natural mineral brine projects and customers come online; that the patent filed by MGX can or will make heavy oil and oilsands producers more competitive, if at all; that MGX’s new patent aims to change the fundamentals of the Canadian oil industry to not only make the Can-adian heavy oil and oilsands industry more environ-mentally friendly but more competitive on a global scale; that the new technology feature is for low-cost combined heat and power cogeneration for heavy oil and oilsands producers; that the new technology feature combines steam and electricity production with the existing wastewater treatment and mineral extraction technologies; that the patent pending will be granted; that MGX has patented a new method to generate electricity while producing pure water and minerals, such as lithium and vanadium, from contaminated oil and gas production wastewaters; that the MGX-led consortium also includes power production, engineering and high-power demand cli-ents evaluating opportunities for large-scale, low-cost power production.Readers should not rely on these statements without independent verification. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that aspects or all of the process development may not be successful; the process/technology may not be cost effective; MGX may not raise sufficient funds to carry out its plans; changing costs for processing; increased capital costs; interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits may prove with further test work not to be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the wastewater and/or minerals cannot be economically processed, or that the required permits to build and operate the envisaged plant cannot be obtained. The writer assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.Disclosure of Interest and Advisory Cautions Nothing in this report should be construed as a solicit-ation to buy or sell any securities mentioned. Rock-stone, its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rock-stone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report, Stephan Bogner, is paid by Zimtu Capital Corp., a TSX Venture Exchange listed invest-ment company. Part of the author’s responsibilities at Zimtu is to research and report on companies in which Zimtu has an investment. So while the author of this report may not be paid directly by MGX Minerals Inc., the author’s employer Zimtu will benefit from appre-ciation of MGX Minerals Inc.’s stock price. In addition, the author also holds equity of MGX Minerals Inc. and Zimtu, and thus would also benefit from volume and price appreciation of these stocks. MGX Minerals Inc. may have one or more common directors with Zimtu Capital Corp. Thus, multiple conflicts of interests exist. Therefore, the information provided herewithin should not be construed as a financial analysis but rather as advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the auth-or of this report do not guarantee the accuracy, com-pleteness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned will perform as expected, and any com-parisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Infor-mation provided is educational and general in nature. Pictures, if not labeled or hyperlinked otherwise, have been obtained from Shutterstock.com.

Author Profile & Contact

Stephan Bogner (Dipl. Kfm., FH)Rockstone Research 8050 Zurich, SwitzerlandPhone: +41-44-5862323Email: sb@rockstone-research.com

Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London, UK) and the University of Queensland

(Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller (“Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland.

Rockstone is specialized in capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits. Through the publication of general geological basic knowledge, the individual reports receive a background in order for the reader to be inspired to conduct further due diligence.

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Report #84 | MGX Minerals Inc.