MGX hires Hatch to scale rapid Li extraction tech

Aug 1, 2018

2018-08-01 08:02 ET – News Release

Mr. Jared Lazerson reports

MGX ANNOUNCES ENGAGEMENT OF HATCH ENGINEERING FOR SCALE UP OF RAPID LITHIUM EXTRACTION PLANTS

MGX Minerals Inc. has hired Hatch Ltd. to advise MGX on the scaling of the company’s rapid lithium extraction technology in the Western United States. Hatch will provide strategic review and recommendations to implement large-scale application of the technology, including:

a. Comprehensive review of rapid lithium extraction technology including flow systematics, processes and more to further establish confidence in the scaling of technology and processes; and

b. High level project engineering scope and timeline schedule for buildout

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).

Qualified Person

Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals, has prepared, reviewed and approved the scientific and technical information in this press release. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards.

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.

We seek Safe Harbor.

https://www.mgxminerals.com/news-media.html