MGX partner almost finished Li extraction contract

Apr 4, 2018

2018-04-04 06:51 ET – News Release

Mr. Jared Lazerson reports

MGX MINERALS AND PURLUCID PROVIDE LITHIUM EXTRACTION SYSTEM DEPLOYMENT UPDATE; SECOND SITE AGREEMENT NEAR COMPLETION

MGX Minerals Inc.’s majority-owned engineering partner PurLucid Treatment Solutions Inc. is nearing completion of its second commercial-scale contract for deployment of MGX-PurLucid water treatment and lithium extraction systems at petrolithium sites in Alberta. Final assembly, site preparation and deployment are under way for the initial site and installation at both sites is expected to be largely complete by June, 2018. Under the agreement MGX remains in control of all lithium and other minerals extracted using the lithium extraction systems.

Industrial lithium

Since January, MGX and PurLucid have been working to further prove the viability of lithium recovery from industrial waste water sites in the United States while also improving the quality of effluent discharged to a river. Recent testing from an industrial site concentrated lithium to commercial grade as lithium chloride, excluding all magnesium and calcium (0.05 per cent and 0.1 per cent in product, respectively). Sodium and potassium, which comprised 76 per cent of the cations in the feed water, were reduced by 90 per cent in the final product. Additional optimization is continuing in preparation for commercial deployment to this site.

H2S advancement

PurLucid has also processed several bulk samples from sour gas fields and developed an effective, chemical-free method for removing H2S (hydrogen sulphide) and TVOC (total volatile organic compounds) prior to water treatment and lithium recovery. H2S and TVOC concentrations were reduced from 60 parts per million and 80 ppm, respectively, to two ppm and 40 ppm in a closed processing system. This system augments the ability to recover lithium from petroleum brines with dangerous levels of H2S and TVOCs, further extending access to brine resources.

The partnership

Since announcing an acquisition and engineering partnership agreement in September, 2016, MGX and PurLucid have invented new technology and filed patent applications related to brine treatment and selective lithium recovery. PurLucid’s exclusively licensed nanoflotation technology, which purifies waste water brine, has since been integrated with a newly developed lithium recovery process. Combined, this cleantech process reduces the capital cost of recovery compared with traditional solar evaporation as it does not require the investment in very 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 holds the global rights to the jointly developed lithium extraction technology.

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.

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