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by geuis 1236 days ago
This entire website and company reads like a penny pink sheets stock scam.

"Magrathea sells metal using multi-year supply agreements in countries with enforceable contract law. Supply agreements allow our partners to build in magnesium with confidence. We prevent price instability from Chinese trade manipulation so the innovative products of our partners can succeed in the market."

There's absolutely no information on the site detailing their tech. Just a lot of buzzwords. Under the News section, it's the typical list headline articles cherry picked to make the company sound better.

6 comments

"Greetings to you. This is a recorded announcement as I am afraid we are all out at the moment. The commercial council of Magrathea thanks you for your esteemed visit but regrets that the entire planet is temporairly closed for business. If you would like to leave your name and the address of a planet where you can be contacted kindly speak when you hear the tone... *BEEEEEEEP*."
Somehow we should expect them to be able to purify magnesium from brine, and yet not be on the market selling lithium. That's extremely odd.

Edit: Turns out that no, it's simpler to separate magnesium and calcium than lithium, even those existing in much smaller amounts. Those metals form many solid ionic compounds, with anions that would keep sodium and lithium soluble.

The majority of the magnesium used for WW2 explosives was produced from brine near Freeport, TX. (I think? need to double-check this)

Edit: During WW2 additional production facilities around the USA were brought online. Before and after WW2, except for a moment during the Korean War, Dow's facility in Freeport, TX was the only producer of magnesium in the USA. It peaked in capacity in the 1970's. There were several other endeavors by other companies to produce magnesium over time with different technologies. Most magnesium production in the USA has been eliminated for economic reasons.

I'm sure people will be using ChatGPT to fill out descriptions of new companies soon, if they aren't already.
I bet this company, currently at R&D stage with no product, consists of <= 1 technical person...
>There's absolutely no information on the site detailing their tech. Just a lot of buzzwords.

They are isolating magnesium from brine, and hope to use it as a structural material that is competitive with steel or aluminum (for certain, not all, use cases, obviously).

FYI a ChatGPT summary of their website gave me this info

I agree, this smells like a scam. I hope I'm wrong, but...