MGX Minerals Commences Pilot Plant Testingfor Li-1 Lithium Recovery System

Date : 08/01/2017 @ 10:30AM
Source :InvestorsHub NewsWire
Stock : MGX Minerals Inc. (XMG)
Quote : 0.99  0.02 (2.06%) @ 6:30PM

MGX Minerals Commences Pilot Plant Testingfor Li-1 Lithium Recovery System

MGX Minerals Commences Pilot Plant Testing for Li-1 Lithium Recovery System

VANCOUVER, BRITISH COLUMBIA / August 1, 2017 / MGX Minerals Inc. (MGX or the Company) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to report that engineering partner PurLucid Treatment Solutions (PurLucid) has commenced operational testing on the Li-1 lithium recovery unit at its testing facility in Calgary, Alberta. The Li-1 pilot plant is capable of processing 20 m3/day and will be expanded to increase throughput to 100m3/day. Initial testing is focused on lithium-rich brine samples obtained from MGX lithium and petrolithium properties and as well as oil & gas partners. Testing is currently underway to finalize technical specifications for contractual arrangements with industrial and oil and gas partners. In addition, MGXs deployment plan continues to focus on the Company's land package of over two million acres of lithium brine mineral claims in North America.

This system represents the physical and operational templates that move us from bench scale to the field and provide the engineering basis for large commercial systems (>1500 m3/day) we expect to deploy into MGXs property and partner base, said Jared Lazerson CEO of MGX Minerals Inc.

Concurrently with pilot plant testing, fabrication of a commercial-scale system capable of processing 200 m3/day is underway and expected to be ready for deployment in Q4 2017. Based on results of pilot plant testing, the Company plans to ship commercial-scale systems to sites in the US and Canada beginning in Q1 of 2018.

MGX and PurLucid have now fully integrated their respective technologies. The pilot plant separates impurities from oil and gas wastewater, allowing for lithium and magnesium extraction as well as reuse and repurpose of industrial water and brine.

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 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

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 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.

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