Magnesium demand is projected to grow 5% a year and with only one active manufacturer in North America, Mag One Products sees opportunity with their unique technology
We have a technology that’s a game changing technology
Mag One’s product can transform serpentinite ore into magnesium metal in a cost-effective, environmentally friendly manner.
I have developed technologies that do not use electricity
There’s 90 million cars a year produced in the US and each one uses a hundred pounds more of magnesium
Our ore is free.
Cheapest part for electricity is in Quebec we have a very inexpensive site which adjoins the tailings.
I think the magnesium market by 2020 is going to double.
We’re in this business to make sure that we can produce it at a price that is less than or equal to aluminum and then we have a home run.
We hope to be in production at the latest 12 months from now.