MGX Minerals to
Manufacture Proprietary
Cathodes for Next
Generation Fuel Cell Batteries
VANCOUVER,
BRITISH COLUMBIA /
September
20,
2018 --
InvestorsHub NewsWire -- MGX Minerals Inc. ("MGX" or the
"Company") (CSE:
XMG /
FKT:
1MG /
OTCQB:
MGXMF)
is
pleased to announce that its wholly owned subsidiary
ZincNyx Energy Solutions, Inc. ("ZincNyx")
has now
commissioned
particle sizing
equipment as part of
final preparations to begin manufacturing
cathodes
for
use in its next
generation fuel cell
batteries. The immediate
objective is to decrease cathode manufacturing costs by at least
50% and ultimately reduce costs by more
than 90%
to
achieve a manufactured cost of less than $10 per
cathode.
In
addition to its use
in manufacturing
of
the existing cathode, ZincNyx also
plans to
use
the equipment in the development of its next generation
of
proprietary
fuel cell cathodes that will bring
further cost and performance gains. The
ability of the
new
equipment
to
analyze particles in suspension will
also
enable ZincNyx
engineers to better characterize the morphology and
behavior
of
the dendritic zinc particles that are at the
core of the ZincNyx technology.
Initial
test work
performed
during the commissioning phase of the
equipment demonstrated
sample concentrations around 6m in size (Figure 1).
The
particle size analyzer will serve as one of the main qualification
tools for further
development and optimization of the processes
used
in
the manufacturing of the
company's unique
fuel cell
cathodes.
ZincNyx intends
to conduct microscopic characterization and performance
optimization studies to reduce catalyst loading as the
cathode is an
essential component of its
patented fuel
cell module,
which has
already been released for production.
Figure 1. Result of test scan performed during the
commissioning
About ZincNyx
Energy Solutions
ZincNyx has
developed a patented regenerative zinc-air flow battery that
efficiently stores energy in the form of zinc particles and
contains none of the traditional high cost battery commodities such
as lithium, vanadium, or cobalt. The technology allows for low cost
mass storage of energy and can be deployed into a wide range of
applications.
Unlike
conventional batteries, which have a fixed energy/power ratio,
ZincNyx's technology uses a fuel tank system that offers flexible
energy/power ratios and scalability.
The
storage capacity is directly tied to the size of the fuel tank and
the quantity of recharged zinc fuel, making scalability a major
advantage of the flow battery system. In addition, a further major
advantage of the zinc-air flow battery is the ability to charge and
discharge simultaneously and at different maximum charge or
discharge rates since each of the charge and discharge circuits is
separate and independent. Other types of standard and flow
batteries are limited to a maximum charge and discharge by the
total number of cells as there is no separation of the charge,
discharge and storage components.
Figure 2. Typical 5kW Modular System
The ZincNyx
mission is to provide cost effective,
long duration and reliable
energy storage systems
for
markets involving renewables firming, peak shaving, diesel
generator replacement, telecom facility back-up, electrification of
ferries and tug boats and electric vehicle charging support.
With a
portfolio of 20 granted patents and an experienced management team,
ZincNyx has begun mass
production (see
press release August 9,
2018).
To
learn more about ZincNyx
technology
visit www.zincnyx.com.
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.