MGX starts building housing for third extraction system

Nov 7, 2018

2018-11-07 07:50 ET – News Release

Mr. Jared Lazerson reports

MGX MINERALS ANNOUNCES MANUFACTURING OF THIRD RAPID LITHIUM EXTRACTION OIL & GAS WASTEWATER TREATMENT SYSTEM

MGX Minerals Inc. and its engineering subsidiary PurLucid Treatment Solutions Inc. have provided an update on manufacturing of the third petrolithium and advanced waste water treatment system. Manufacturing of nano-filtration membrane housing is under way and primary nano-flotation, piping and structural components are expected to commence fabrication in the second half of November. Control systems are expected to commence fabrication in December.

The system will be capable of processing 20 cubic metres per hour and utilized to treat one-through steam generator (OTSG) boiler blowdown brine. OTSG represents the largest water loss at steam-assisted gravity drainage (SAGD) facilities. The system will treat water suitable for reuse, saving the majority of water loss and greatly reducing both the complexity and cost for new and expansion SAGD projects.

The system, which will also be capable of extracting lithium and other valuable elements, is initially planned for deployment in Alberta. The company may, however, at its discretion choose to deploy the system to its Western United States or South American lithium brine projects, depending on the economics and advancement of those projects over the next few months.

Rapid lithium brine extraction technology

MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multiphase, 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 waste water), natural brine, and other brine sources such as lithium-rich mine and industrial plant waste water. 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).

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