MGX Minerals and Engineering Partner PurLucid Achieve 99.7% Lithium Recovery; Low Cost Polymeric Membrane Breakthrough
August 29 2018 - 8:00AM
InvestorsHub NewsWire
MGX Minerals and Engineering Partner
PurLucid Achieve 99.7% Lithium Recovery; Low Cost Polymeric
Membrane Breakthrough
Vancouver, BC --
August 29, 2018 -- InvestorsHub NewsWire -- MGX Minerals
Inc. (“MGX” or the “Company”) (CSE:
XMG / OTCQB:
MGXMF / FKT:
1MG) and engineering partner PurLucid
Treatment Solutions (“PurLucid”) are pleased to report
that continued research and development utilizing newly developed
molecular sieve technology has consistently achieved >99%
lithium recovery from complex global source brines. Continued
development of polymeric membranes has also reduced the cost of the
lithium and mineral extraction components of the systems by 90%
when compared to originally formulated stainless steel or titanium
membrane platforms required for these caustic
brines.
The new molecular
sieve technology has been tested and confirmed for use in the
commercial-scale units, with recent batch scale testing showing 20x
lithium concentration and low selectivity for other ions. Major
improvements include better than 99% exclusion of sodium and
potassium from the product stream. Two systems are currently ready
for deployment in the Alberta Oil Sands and are undergoing upgrades
to include the new technological improvements in parallel with
ongoing site engineering and integration with SAGD
operations.
Rapid
Lithium Brine Extraction
Technology
MGX has developed
a rapid lithium extraction technology eliminating or greatly
reducing the physical footprint and investment in large,
multi-phase, 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
wastewater), natural brine, and other brine sources such as
lithium-rich mine and industrial plant wastewater. 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
PurLucid
PurLucid’s exclusively licensed and
patented nanoflotation technology was designed specifically for
oilfield environments. The technology separates impurities from oil
and gas wastewater and produces clean water as a final product.
This allows for the recycling or controlled release of oilfield
wastewater and reduces or eliminates downhole and associated
transportation costs. Water handling costs are one of the largest
operating costs in the oilfield and oilsands operations today.
Learn more at www.purlucid.com. MGX has the
right to acquire up to a 100% interest In Purlucid through
successive investments.
About MGX
Minerals
MGX Minerals is a
diversified Canadian resource company with interests in advanced
material and energy 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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