MGX Engages Hatch Engineering for Scale-up of its Rapid Lithium Extraction Plant in the USA
August 01 2018 - 8:20AM
InvestorsHub NewsWire
MGX Engages Hatch Engineering for Scale-up of its
Rapid Lithium Extraction Plant in the
USA
MGX Minerals Inc. may have set its
sights set on something very big in the Western United
States. The announcement today that Company has engaged Hatch Ltd. for
engineering advisory services for the scale-up of MGX’s rapid
lithium extraction technology. The large scale application of
this technology presents one potential solution for the US lithium
supply problem. Lithium was recently added to the strategic
materials list by the US Government setting a clear message that
the US intends to vastly increase its domestic lithium
supply.
Although only few details have been released, there
exist very large potential resources in California, Utah and
Nevada. MGX has business development or exploration activity
at this time in all three States, which may be the target of a
large-scale version of its technology. MGX has manufactured
5-10 cubic meter per hour systems and have designed and begun
initial manufacture of 50-100 cubic meter per hour systems, if MGX
is scaling-up based on the past, it looks like MGX may have engaged
Hatch to go after another 10x on scale-up to 1000 cubic meters per
hour.
In
Utah, MGX holds oil and lithium assets spanning over 100,000 acres
and is set for 3D
seismic within weeks. In August 2017, MGX
reported one of
the largest initial oil estimates in US
history at its
Paradox Basin Petroltihium Project. At the Paradox Basin MGX
is targeting lithium brine associated with oil and
gas.
In
Nevada, MGX has announced last week mobilization
for drilling
at Kibby Basin,
Nevada, 50km North of the only US lithium producer Abermarle’s
Silver Peak Mine.
In
California, MGX has engaged former California Senate Majority
Leader Richard
Polanco as an advisor and consultant to the
company as well as Randall
W. Keller as
Vice President of Business Development, who previously worked as
Director of Business Development, Transmission & Land Assets
with a focus on geothermal units for Berkshire Hathaway Energy
Renewables. In November 2017, MGX and engineering partner
PurLucid developed a novel filtration
technology for
the purification of high temperature geothermal brines and the
associated extraction targeting the geothermal market for
extraction of lithium and other metals.
Hatch has considerable engineering expertise in the
lithium business and are experts in speciality
metals. Whatever the project may be that is behind today’s
news, MGX intends to scale up its technology big time. Considering
the actual US tariff situation with lithium deemed critical to the
economic and national security of the US, it appears MGX has
focussed on large scale deployment of its rapid extraction
technology in the US.
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