MGX Minerals Announces Completion of Large Scale Laboratory
Petrolithium Extraction System
VANCOUVER, BRITISH COLUMBIA / June 27, 2017 / MGX
Minerals Inc. (MGX or the Company) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce
completion of a 1,000L per day petrolithium extraction and water
treatment system. The Company has been informed by engineering
partner PurLucid Treatment Solutions (PurLucid) that the system is
now operational. The system is to be used for large scale testing
of bulk water samples from MGX's Petrolithium Projects including Sturgeon Lake, Alberta and
Paradox Basin, Utah as well as customers and partners prior to
deployment of commercial systems.
Following successful trials of its
process for lithium recovery in an initial laboratory scale and
tightly controlled process, a larger and more advanced system that
can process up to 1,000L of oil field brine (6.3 barrels) per lab
day has been constructed. The initial system processed 10L per day
and produced concentrated lithium chloride samples.
With the core process tested we are comfortable moving to a
system 100 times larger, stated Purlucid CEO Dr. Preston McEachern.
Over the month of July, we will be receiving large volume samples
from MGX's projects and now have the processing capacity to
demonstrate the benefits of the lithium recovery process as well as
upgraded water quality.
The process relies on advanced nanomaterials utilized in conjunction with
nanoflotation technologies.
Concurrent with the lab testing, fabrication of a 100-cubic
meter (100,000L) per day pilot unit for
pre-commercial testing of oilfield wastewater and the lithium
recovery system is also underway. Construction of the system
began in early 2017 and the water treatment component essential to
delivering a water quality suitable for lithium recovery was
completed in early Spring. Completion of the pilot plant is
expected in September. In addition, design and engineering of
commercial scale 1,200 cubic meter per day system is now
underway.
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.
MGX may decide to advance its petrolithium projects into
production without first establishing mineral resources supported
by an independent technical report or completing a feasibility
study. A production decision without the benefit of a technical
report independently establishing mineral resources or reserves and
any feasibility study demonstrating economic and technical
viability creates increased uncertainty and heightens economic and
technical risks of failure. Historically, such projects have a much
higher risk of economic or technical failure.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with
interests in petrolithium, 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
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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 including the completion of the rights
offering (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.