Studying seemingly simple metathesis reactions between ZnCl 2 and t BuMgCl has, surprisingly, revealed a much more complex chemistry involving mixed magnesium-zinc compounds that could be regarded as Mg-Zn hybrids. Thus, the reaction of equimolar amounts of ZnCl 2 and t BuMgCl reveals the formation of the unprecedented mixed Mg-Zn complex [ðTHFÞ 4 Mgðμ-ClÞ 2 Znð t BuÞðClÞ] (1), as a result of the co-complexation of the two anticipated exchange products of the metathesis. This magnesium zincate adopts a contacted ion-pair structure, closely related to Knochel's pioneering "Turbo" Grignard reagents. Furthermore, a second coproduct identified in this reaction is the solvent-separated mixed magnesiumzinc chloride complex [fMgðTHFÞ 6 g 2þ fZn 2 Cl 6 g 2− ] (3) that critically diminishes the amount of ZnCl 2 available for the intended metathesis reaction to take place. In another surprising result, when the reaction is carried out by using an excess of 3 M equivalents of the Grignard reagent (closer to the catalytic conditions employed by synthetic chemists), solvent-separated magnesium trialkyl zincate [fMg 2 Cl 3 ðTHFÞ 6 g þ fZnð t BuÞ 3 g − ] (4) is obtained that can be viewed as a model for the active species involved in the increasingly important organic transformations of Grignard reagents catalysed by ZnCl 2 . Furthermore, preliminary reactivity studies reveal that complex 4 can be used as an effective new reagent for direct Zn-I exchange reactions that allow the preparation and structural identification of the magnesium tris(aryl) zincate [fMg 2 Cl 3 ðTHFÞ 6 g þ fZnðp-TolÞ 3 g − ] (5) that represents the first example of complete 3-fold activation of a zincate in a Zn-I exchange reaction which, in turn, can efficiently be used as a precursor for Negishi crosscoupling reactions.