MGX Minerals Announces Ultra High Temperature Filtration for Extraction of Lithium from Geothermal Brine
November 29 2017 - 8:30AM
InvestorsHub NewsWire
MGX Minerals Announces Ultra High
Temperature Filtration for Extraction of Lithium from Geothermal
Brine
Vancouver, BC -- November 29, 2017 -- InvestorsHub
NewsWire -- MGX Minerals Inc. (“MGX”
or the “Company”) (CSE:
XMG / FKT: 1MG / OTC: MGXMF) is pleased to report
that engineering partner PurLucid Treatment Solutions
Inc. (“PurLucid”) has developed high temperature
filtration for the purification of geothermal brines and associated
extraction of metals and minerals including lithium.
Similar to oilfield brines, it is well known that geothermal brines
contain concentrated amounts of metals and dissolved salts. The
presence of these impurities, combined with the necessity to reduce
brine temperature in order for traditional filtration to occur, is
a large industry barrier known as scaling that severely reduces
flow and heat transfer of geothermal heat exchangers. This in turn
negatively impacts the long-term operating performance and in many
cases eliminates the economic viability of these systems.
Geothermal brines are known to contain lithium, magnesium and other
minerals and metals including gold.
After an initial period of research and development, MGX and
engineering partner PurLucid have developed a proprietary, low
energy design process that removes these scale-forming ions and
dissolved salts while not requiring a reduction in brine
temperatures for filtration to occur. This process utilizes
PurLucid’s existing patented and exclusively licensed replaceable
membrane skin layers (RSL) filtration system, originally developed
by David Bromley Engineering, which creates highly charged pore
spaces to force dissolved ions into colloidal particles,
simultaneously filtered down to 0.01 microns. The RSL is designed
specifically to foul and is removed and replaced in situ, resulting
in 100% flux rate recovery. The ultrafiltration can then be
followed by a patent-pending membrane distillation system in
projects where heat is available. The matrix is composed of
materials capable of operating at up to 700 degrees Celsius.
Geothermal temperatures rarely exceed 250 degrees
Celsius.
“We believe in investing in technology and innovative processes
that disrupt how the energy industry thinks and operates,” stated
MGX President and CEO Jared Lazerson. “Our newest technological
advancement offers yet another first-mover opportunity into a large
and often stagnant sector hungry for new ideas.”
This new technology also represents an environmentally friendly
alternative for geothermal brine disposition, which is largely
limited to non-treated reinjection. Similar to MGX’s existing
wastewater treatment and rapid petrolithium recovery units, MGX and
PurLucid are conducting engineering studies to fabricate treatment
systems capable of being integrated into existing geothermal
infrastructure or incorporated as standalone systems for mineral
and metals extraction. MGX currently owns a 34% interest in
Purlucid and has the right to acquire 100% through successive
future investments. MGX owns the global rights to the
minerals extraction technology jointly developed. The intellectual
property is patent pending with core water treatment technology
covered under a variety of patents and licenses patents.
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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