MGX Minerals Announces Deployment of First Rapid Lithium Extraction System
October 02 2018 - 8:00AM
InvestorsHub NewsWire
MGX Minerals
Announces Deployment of
First Rapid Lithium Extraction System
Vancouver, BC -- October 2, 2018 -- InvestorsHub
NewsWire -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE:
XMG / OTCQB:
MGXMF / FSE:
1MG)
is pleased to report that engineering subsidiary PurLucid
Treatment Solutions (“PurLucid”) is shipping the first
petrolithium and advanced wastewater treatment system on Monday,
October 8th. The commercial-scale 750 barrel per day (bpd) system
will be delivered to a centralized treatment and processing
facility north of Edmonton and proximate to the Alberta oilsands.
Installation of the plant will take approximately three weeks to
complete.
By installing the
system at a centralized facility, PurLucid will be able to take
delivery of wastewater brine from multiple clients. The brine will
be processed for lithium recovery, wastewater purification and
disposal of residuals.
Rapid
Lithium Brine Extraction
Technology
MGX has developed
a rapid lithium extraction technology eliminating or greatly
reducing the physical footprint and investment in large,
multi-phase, lake sized, lined evaporation ponds, as well as
enhancing the quality of extraction and recovery across a complex
range of brines as compared with traditional solar evaporation.
This technology is applicable to petrolithium (oil and gas
wastewater), natural brine, and other brine sources such as
lithium-rich mine and industrial plant wastewater. The technology
was recently chosen as winner of the Base and Specialty Metals
Industry Leadership Award at the 2018 S&P Global Platts Global
Metals Awards held in London in May (see press release
dated May 18, 2018). The Company has also
been selected as a finalist for the 2018 S&P Global Platts
Global Energy Awards- Emerging Technology and Rising Star- to be
held in New York City in December. For more information on the
event visit https://geaweb.platts.com/Finalists/Finalists2018.
About
PurLucid
PurLucid’s
exclusively licensed and patented nanoflotation technology was
designed specifically for oilfield environments. The technology
separates impurities from oil and gas wastewater and produces clean
water as a final product. This allows for the recycling or
controlled release of oilfield wastewater and reduces or eliminates
downhole and associated transportation costs. Water handling costs
are one of the largest operating costs in the oilfield and oilsands
operations today. Learn more at www.purlucid.com. MGX has
the right to acquire up to a 100% interest In Purlucid through
successive investments.
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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