MGX Minerals, PurLicid demonstrate Li extraction system

Jun 14, 2018

2018-06-14 10:40 ET – News Release

Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES SUCCESSFUL DEMONSTRATION OF RAPID LITHIUM EXTRACTION SYSTEM

MGX Minerals Inc. and engineering partner PurLucid Treatment Solutions Inc. have completed a successful demonstration event of the NFLi-5 commercial-scale rapid lithium extraction system, which is now ready for deployment. The demonstration occurred at PurLucid’s laboratories in Calgary, Alta., and was attended by oil and gas companies, industrial customers, lithium brine owners, and local and international media. Calgary’s CTV (Canadian Television Network) News also featured a segment on the technology, which was broadcast on its nightly news program.

Petrolithium technology

PurLucid’s water treatment technologies, which purify waste-water brine, have been integrated with a newly developed lithium recovery process. Combined, this Cleantech process does not require the construction of large, multiphase, lake-sized, lined evaporation ponds, greatly reducing the physical footprint and enhancing the quality of extraction and recovery across a complex range of brines previously considered unprocessable due to complexity or geographical location outside of solar evaporation appropriate zones. This includes oil and gas waste water, natural brine, and other brine sources such as lithium-rich mine and industrial plant waste water.

MGX’s rapid lithium extraction 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 earlier this month (see press release dated May 18, 2018). Hosted by S&P Global Platts, a leading global energy, metals and commodities information provider, the annual awards program honoured exemplary performance in 15 categories spanning the entire steel, metals and mining complex.

About MGX Minerals Inc.

MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America.

We seek Safe Harbor.

https://www.mgxminerals.com/investors/news/2018.html