MGX Minerals Inc (CNSX:XMG) reported a rise in assets in its full year results, in a period marked by continued exploration and development activities on the Driftwood property and the acquisition of magnesite and lithium projects.
Mineral properties rose to C$1.25mln in the year ended July 30 from C$926,000 a year earlier while total assets grew to C$1.5mln from C$1.18mln.
The comprehensive loss was C$2.3mln versus C$1.2mln a year earlier.
MGX shares were up 9.1% at C$0.30 on Tuesday.
Story by ProactiveInvestors