MGX Minerals Engages Senator Richard Polanco (Ret.) to Direct California Lithium Brine Strategy
December 01 2017 - 8:30AM
InvestorsHub NewsWire
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MGX Minerals Engages Senator Richard
Polanco (Ret.) to Direct California Lithium Brine Strategy
Vancouver, BC -- December 1, 2017 -- InvestorsHub
NewsWire -- MGX
Minerals Inc. (“MGX” or the “Company”)
(CSE:
XMG / FKT:
1MG / OTCQB:
MGXMF) is please to announce it has retained former
California Senate Majority Leader Richard Polanco as an advisor and
consultant to the Company. Mr. Polanco will lead direct
negotiations with the State of California and local municipalities
regarding targeted exploration locations and sites identified by
MGX as potential partnerships and acquisition targets to secure
feedstock and operating sites. These sites will utilize the
Company’s patented rapid recovery process to concentrate lithium
and other minerals and metals from brine. Mr. Polanco will also
advise MGX on local environmental solutions and support ongoing
community and stakeholder relations.
Stated Senator Polanco: “MGX is changing the way we look at the
energy industry and the environment. I feel the Company is poised
for growth by combining cleantech and mineral extraction to extract
lithium and produce a clean water byproduct using low energy
nano-filtration. I am excited to join the Company and work
alongside their accomplished team as they expand into
California.”
Mr. Polanco is a former California State Assembly Member and
Senator, having been first elected in 1986. He served in the State
Assembly for eight years and in 1994 was elected to the State
Senate where he served as Senate Majority Leader from 1998 until
his retirement in 2002. Prior to elected office, Mr. Polanco also
served on the staff of Los Angeles County Supervisor Ed Edelman,
Assemblyman Richard Alatorre and former Governor Jerry Brown.
MGX currently controls over two million acres of known lithium-
bearing brine areas throughout North America. The Company’s rapid
recovery process concentrates lithium, magnesium and other minerals
from a variety of wastewaters using low energy, low cost
nano-filtration technology. This proprietary design process is
currently covered under patent and patent-pending applications. MGX
and engineering partner PurLucid Treatment Solutions have
integrated this design process with exclusively licensed and
patented nanoflotation technology that purifies wastewaters.
Combined, this Cleantech has global implications as it can be
utilized in a variety of different scenarios, ranging from oilfield
operations to municipality treatment centers, or as standalone
lithium and mineral extraction units with clean water
by-product.
Qualified Person
The technical portions of this press release were prepared and
reviewed by Andris Kikauka (P. Geo.), Vice President of Exploration
for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person
within the meaning of National Instrument (N.I.) 43-101
Standards.
About MGX
Minerals
MGX Minerals is a diversified Canadian resource company with
interests in lithium, magnesium and silicon assets throughout North
America. Learn more at www.mgxminerals.com.
Contact
Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking
Statements
This press release contains forward-looking information or
forward-looking statements (collectively "forward-looking
information") within the meaning of applicable securities laws.
Forward-looking information is typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate",
"potentially" and similar expressions, or are those, which, by
their nature, refer to future events. The Company cautions
investors that any forward-looking information provided by the
Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in
forward-looking information as a result of various factors. The
reader is referred to the Company's public filings for a more
complete discussion of such risk factors and their potential
effects which may be accessed through the Company's profile on
SEDAR at www.sedar.com.
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