02:47:27 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



MGX Minerals Inc
Symbol XMG
Shares Issued 125,324,075
Close 2018-10-02 C$ 0.54
Market Cap C$ 67,675,001
Recent Sedar Documents

MGX unit PurLucid to ship first treatment system Oct. 8

2018-10-02 06:56 ET - News Release

Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES DEPLOYMENT OF FIRST RAPID LITHIUM EXTRACTION SYSTEM

MGX Minerals Inc.'s engineering subsidiary, PurLucid Treatment Solutions, is shipping the first petrolithium and advanced waste water treatment system on Monday, Oct. 8. The commercial-scale 750-barrel-per-day (bpd) system will be delivered to a centralized treatment and processing facility north of Edmonton and proximate to the Alberta oil sands. Installation of the plant will take approximately three weeks to complete.

By installing the system at a centralized facility, PurLucid will be able to take delivery of waste water brine from multiple clients. The brine will be processed for lithium recovery, waste water purification and disposal of residuals.

Rapid lithium brine extraction technology

MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multiphase, lake-sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. This technology is applicable to petrolithium (oil and gas waste water), natural brine, and other brine sources such as lithium-rich mine and industrial plant waste water. The technology was recently chosen as winner of the Base and Specialty Metals Industry Leadership Award at the 2018 S&P Global Platts Global Metals Awards, held in London in May (see press release dated May 18, 2018).

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource company with interests in lithium, magnesium and silicon assets throughout North America.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.