ZURICH, SWITZERLAND / ACCESSWIRE / December 18, 2017 / Not even a week after MGX Minerals Inc. (CSE: XMG; OTCQB: MGXMF; Frankfurt: 1MG) announced its expansion into the multi-billion-dollar sector of energy mass storage via the aquisition of low-cost battery developer ZincNyx Energy Solutions from mining giant Teck Resources, the company today made an announcement that fits like a glove. MGX owns 3 silicon properties in British Columbia, which it will now start to develop. Now, last week's acquisition makes even more sense. Eureka!
One of the primary uses of silicon is in solar panels, which sector has seen a massive growth around the globe over the last decade. With solar panels being broadly used globally, the sector´s focus is now directed toward storing all the energy that is generated by solar panels. As Business in Vancouver said so aptly: "Energy storage solutions have increasingly become a holy grail of sorts for tech companies."
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SOURCE: Rockstone Research