Manganese X Energy Corp.(V.MN) is pleased to provide a project development update for its Paradox Basin petrolithium project.
The Company has begun unitization of designated oil and gas leases and the staking of overlying mineral claims located contiguous to its Lisbon Valley mineral claims. The purpose of the unitization is to eliminate property boundaries, pool mineral interests and establish the Company’s private partner as unit operator. MGX now controls more than 94,000 acres of combined oil and gas leases and mineral claims in the State of Utah. MGX’s North American Lithium Brine claims now exceed 1.7M acres.