MGX Minerals Announces Advancement in Nanofiltration Lithium Technology; Commences Initial Design of 2400 Cubic Meter/Day Plant
February 12 2018 - 8:30AM
InvestorsHub NewsWire
MGX Minerals Announces
Advancement in Nanofiltration Lithium Technology; Commences Initial
Design of 2400 Cubic Meter Per Day Plant
Vancouver, BC
-- February 12, 2018 -- InvestorsHub NewsWire
-- MGX Minerals Inc. (“MGX” or the “Company”)
(CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to
report the adsorbtion rate for the Company’s lithium extraction
nanofiltration process (the “System”) has been increased from
20mg/g, milligram of lithium per gram of adsorbtion reagent, to an
optimized 40mg/g Li/reagent. This reflects a doubling of adsorbtion
rate and a significant cost cutting breakthrough as reagents
reflect the single largest cost in the Company’s lithium extraction
process. This advancement reduces reagent use and the direct cost
of lithium chloride recovery from brine. Additionally, reagent
depletion in the lithium nanofilter has now been reduced to less
than 1% per cycle, increasing the operating time and associated
recovery for the lithium nanofilter prior to requiring recoating
with the reagent.
This work was completed by engineering partner PurLucid
Treatment Solutions (“PurLucid”) at its Calgary, Alberta
facility as part of the commissioning of the Company’s first 120
cubic meter (750 barrel) per day small commercial lithium
extraction system. The System utilizes these latest advancements in
lithium nanofiltration. The System is currently undergoing
final flow testing and optimization in preparation for
deployment.
The System utilizes a highly charged Replaceable Skin Layer (RSL™)
membrane related to the nanofiltration and High Intensity Froth
Flotation (HiFF) system, known as nanoflotation, which collectively
have demonstrated performance superiority over other processes
typically used to remove contaminants. The technology allows
ultra-high temperature water treatment (up to 700°C) at 10-30 times
the efficiency of existing ultrafiltration systems and offers
numerous environmental water purification and mineral extraction
benefits, including contaminant removal, mineral recovery, reduced
energy demand, and small footprint.
1200 and 2400 Cubic Meter per Day Plants
The first 1200 cubic meter system is in final engineering design
phase by engineering partner PurLucid. Fabrication is expected to
commence shortly and be completed by Summer. The system is under
contract for deployment at an oilsands SAGD site under a water
purification agreement targeting a reduced cost of 50% as compared
with the current truck and dispose option, as well as reduction of
physical hydrocarbon (bitumen) waste product footprint, clean water
reuse and minerals recovery.
Additionally, the initial component design of a 2400 cubic meter
(13,000 barrels) per day system has been completed. The basic
system and tanks are designed to fit within a 42’ x 64’ building
housing nano-flotation pre-treatment sub-system, nano-filtration
lithium and mineral extraction subsystem, mineral holding tanks,
sludge processing, and on-site laboratory.
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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