Proactiveinvestors USA & Canada MGX Minerals Inc. https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada MGX Minerals Inc. RSS feed en Thu, 23 May 2019 16:50:06 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - MGX Minerals installs second oil wastewater treatment system in Alberta ]]> https://ca.proactiveinvestors.com/companies/news/220419/mgx-minerals-installs-second-oil-wastewater-treatment-system-in-alberta-220419.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) reported another milestone Thursday, as it revealed its second innovative oil wastewater treatment system is being installed in Alberta.

The system, being installed by engineering partner PurLucid, has been deployed to an oil sands facility in Alberta, the group said in a statement, where it will  treat wastewaters typical for steam assisted gravity drainage (SAGD) facilities.

READ THE DEEP DIVE: MGX Minerals advances on many fronts as world embraces renewable technology

Commissioning is on track to be completed by the target date of June 7 this year.

The technology sees a series of filtration methods, which separates impurities from oil and gas wastewater to yield clean water as a final product.

Earlier this year, a first system was deployed at oilsands SAGD operation in Alberta, Canada to process evaporator blowdown water (EBD).

MGX has said it expects revenue of C$2 million in 2019 during the ramp-up of the first two contracted systems.

Superior treatment

MGX says the system offers superior treatment compared to conventional technology because it can treat wastewater brines without having to cool the water first. 

This means significantly less energy use for the SAGD facility when managing produced water and also eliminates the major operational challenge of a heat exchanger fouling, it said.

Vancouver-headquartered MGX is a resource and technology company with interests in global advanced material, energy and water assets.

Shares in Canada surged over 12% to $0.28 on the day.

---Updates with share price rise---

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 16 May 2019 07:23:00 -0400 https://ca.proactiveinvestors.com/companies/news/220419/mgx-minerals-installs-second-oil-wastewater-treatment-system-in-alberta-220419.html
<![CDATA[News - MGX Minerals makes progress in developing its ground-breaking zinc-air flow batteries ]]> https://ca.proactiveinvestors.com/companies/news/220134/mgx-minerals-makes-progress-in-developing-its-ground-breaking-zinc-air-flow-batteries-220134.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) reported Monday on more progress in the development of its ground-breaking zinc-air flow batteries.

The group's subsidiary MGX Renewables has successfully generated zinc fuel using its new linear regenerator module, the company told investors in a statement.

"The operation and support of the regeneration module is the prime function of the Zinc Regeneration Subsystem (ZRS), one of the three separately configurable subsystems of MGXR's unique zinc-air flow battery," the firm said. "The two other subsystems are the fuel storage subsystem and the power generation subsystem."

READ THE DEEP DIVE: MGX Minerals advances on many fronts as world embraces renewable technology

MGX Renewables is developing zinc-air flow batteries as an alternative to lithium-ion batteries for applications that require long duration, high-capacity storage.

They are said to meet a need in both renewables storage and in industry and grid scale opportunities in power acquisition and distribution. They are also a cleaner and steadier way of providing and acquiring power.

In basic terms, the regeneration component of the system requires the passing of electric current across the opposing electrodes (cathode and anode) of each regeneration cell.

Particles of zinc are "grown" on the cathode and oxygen comes off the anode. Zinc particles are periodically washed off the cathode using the same electrolyte in which they were produced and stored in the fuel tank. The oxygen is released into the atmosphere.

When the system is delivering power, zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.

The technology can be used in a wide-range of ways, including in renewable sources such as wind and solar buts also to replace diesel generators and for grid-scale storage.

Last month, MGX announced that wholly-owned subsidiary MGX Renewables Inc had received conditional approval to list on the Canadian Securities Exchange.

Shares in MGX advanced 4% Monday in Toronto to $0.26.

Contact Giles at giles@proactiveinverstors.com

Follow him on Twitter@Gile74

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Mon, 13 May 2019 07:34:00 -0400 https://ca.proactiveinvestors.com/companies/news/220134/mgx-minerals-makes-progress-in-developing-its-ground-breaking-zinc-air-flow-batteries-220134.html
<![CDATA[News - MGX Minerals advances on many fronts as world embraces renewable technology ]]> https://ca.proactiveinvestors.com/companies/news/220076/mgx-minerals-advances-on-many-fronts-as-world-embraces-renewable-technology-220076.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) is a multi-layered company with many interests. The corporate presentation describes it as leading the modern shift to renewables from fossil fuels via its investments in battery commodities, extraction processes and cleantech.

It has four divisions: mineral extraction (including from brines), wastewater purification, energy storage and conventional mining. The company believes its investors have recognised its shift away from more conventional mining assets, which it still holds, toward tech and industrial technology.

Petrolithium

An area of the group's operations, which has seen significant progress in recent months is in petrolithium, a new approach to gleaning lithium and other elements from wastewater, or brines, that are produced by the oil and gas sector

To give some perspective, the North American oil and gas industry is said to generate over 80 million barrels of brine a day, while it is expected that demand for lithium, used in batteries and  everyday modern gadgets, will rise 650% between now and 2027, so the potential here is enormous.

MGX has considerable lithium assets, which span over 2.1 million acres across North and South America.  These have come about via acquisitions and strategic joint ventures.In the eastern USA, MGX and Eureka Resources (CVE:EUK) struck a 50: 50 joint venture to recover lithium from water produced at nonconventional oil and gas sites across the Marcellus and Utica shales.

Wastewater

Operations here are also going well. The first wastewater treatment system has been commissioned and is in use at an oilsands SAGD (steam assisted gravity drainage) operation in Alberta. A second is on its way.

And in March this year, the group said contracts were currently being negotiated for more systems.

The process consists of a series of filtration methods that separates impurities from oil and gas wastewater to yield clean water as a final product. MGX has said it expects revenue of C$2 million in 2019 from these two systems alone, with much more to come. The North American wastewater treatment industry is said to be worth $29 billion.

Energy storage

MGX has three silicon projects in south-eastern British Columbia, called Koot, Wonah and Gibraltar. Silicon is a vital part of renewable energy. It is used to make solar panels, as an adhesive on wind turbines, and as an insulation on electrical power lines.

A breakthrough was seemingly made recently in a collaborative research partnership between the company and the University of British Columbia (UBC) in work to develop a silicon, lithium battery rather than a lithium graphite one. A new silicon-based anode part of the battery would improve energy density -- namely, last longer, which is what all consumers are looking for.

Elsewhere, MGX’s subsidiary MGX Renewables Inc. is advancing zinc-air flow batteries (20 patents granted so far) designed for high capacity and long duration. They can be used in a wide range of energy storage applications in the fields of renewable energy, industrial backup power and grid-scale energy.

The group is spinning off MGX Renewables and received last month conditional approval to list on the Canadian Securities Exchange.

Mining

In conventional mining, the group is poised to become the next producer of magnesium oxide in North America, via its Driftwood Creek project in southeastern British Columbia.

Magnesium is lighter than aluminium and steel but still very strong. It is used in alloys for vehicles and also consumer tech products.

The MGX project boasts a pre-tax NPV (net present value) of $529.8 million, IRR (internal rate of return) of 24.5% with a 3.5-year payback, according to a preliminary economic assessment. It would be a quarry pit mine with a 1,200 tonne per day (tpd) process plant using conventional methods to produce a saleable product

The company says the project offers MGX the potential to mine a highly strategic metal in a geopolitically stable, mining-friendly jurisdiction.

What the CEO says:

Jared Lazerson told Proactive Investors last month: "We look for near commercialisation projects. We like to pay the money, to commercialise, prove out the science in a business way, with a business case, in a real world environment. We like that role."

Contact Giles at giles@proactiveinvestors.com

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Fri, 10 May 2019 15:02:00 -0400 https://ca.proactiveinvestors.com/companies/news/220076/mgx-minerals-advances-on-many-fronts-as-world-embraces-renewable-technology-220076.html
<![CDATA[Media files - MGX Renewables sees a path forward with silicon and electric vehicles ]]> https://ca.proactiveinvestors.com/companies/stocktube/13107/mgx-renewables-sees-a-path-forward-with-silicon-and-electric-vehicles-13107.html Thu, 25 Apr 2019 10:53:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/13107/mgx-renewables-sees-a-path-forward-with-silicon-and-electric-vehicles-13107.html <![CDATA[News - MGX Minerals' collaboration with University of British Columbia has developed new material for its next generation lithium-ion batteries ]]> https://ca.proactiveinvestors.com/companies/news/218853/mgx-minerals--collaboration-with-university-of-british-columbia-has-developed-new-material-for-its-next-generation-lithium-ion-batteries-218853.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) has released promising results in its work to develop high energy lithium-ion batteries.

The Vancouver-based group said its collaborative research partnership with the University of British Columbia (UBC) had successfully developed a hybrid organic-inorganic material for use in making silicon interfaces.

READ: MGX Minerals eyeing revenue of C$2 million from ground-breaking wastewater systems

The aim of the two-year research program is to develop a low-cost and scalable method that will fabricate a silicon-based anode to improve the energy density of Li-ion batteries.

MGX has three silicon projects in southeastern British Columbia - Koot, Wonah and Gibraltar.

"These interfaces will prove critical in achieving a highly efficient, long-lasting silicon anode that will aide in the development of next generation lithium-ion batteries capable of quadrupling energy density from the current standard of 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid-scale energy storage," MGX said in today's statement.

As well as developing silicon interfaces, MGX and the university are also conducting process optimization on metallurgical grade silicon.

The goal is to use low-cost metallurgical-grade silicon as a feedstock to fabricate nanostructured silicon.

A one-ton sample of quartzite from MGX's Gibraltar project was recently sent to an independent lab in Germany for analyses.

Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing.

Results indicated that the material, after reducing its size, is of high initial purity, making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon.

Shares in MGX surged over 11% to $0.30 each in Toronto.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Thu, 18 Apr 2019 08:14:00 -0400 https://ca.proactiveinvestors.com/companies/news/218853/mgx-minerals--collaboration-with-university-of-british-columbia-has-developed-new-material-for-its-next-generation-lithium-ion-batteries-218853.html
<![CDATA[News - MGX Minerals' renewables subsidiary to list on CSE ]]> https://ca.proactiveinvestors.com/companies/news/218431/mgx-minerals--renewables-subsidiary-to-list-on-cse-218431.html MGX Minerals Inc (CSE:XMG) announced that its 100%-owned subsidiary, MGX Renewables Inc, has received conditional approval to list on the Canadian Securities Exchange.

The subsidiary, MGX Renewables, is developing zinc-air flow batteries as an alternative to lithium-ion batteries for applications that require long duration, high capacity storage.

READ: MGX Minerals eyeing revenue of C$2 million from ground-breaking wastewater systems

The patented technology stores energy in the form of zinc particles and does not require higher-cost feedstock such as lithium, vanadium or cobalt. Zinc-air flow batteries can be used in a wide range of energy storage applications in the fields of renewable energy, industrial backup power and grid-scale energy.

A key differentiator between the two batteries is the power ratio. Where lithium-ion batteries have a fixed energy to power ratio, zinc-air flow batteries use a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is tied to the fuel tank’s size and the quantity of recharged zinc fuel, allowing for a lower scalability cost.

MGX is currently seeking regulatory approval for its system while it is undergoing a market analysis study to understand market potential for zinc-air flow batteries. Recent results indicate a large market for long-duration energy systems lasting up to 100 hours.

Shares of MGX Renewables’ parent company MGX Minerals closed at $0.25 on Wednesday.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thu, 11 Apr 2019 09:07:00 -0400 https://ca.proactiveinvestors.com/companies/news/218431/mgx-minerals--renewables-subsidiary-to-list-on-cse-218431.html
<![CDATA[News - MGX Minerals eyeing revenue of C$2 million from ground-breaking wastewater systems ]]> https://ca.proactiveinvestors.com/companies/news/217532/mgx-minerals-eyeing-revenue-of-c2-million-from-ground-breaking-wastewater-systems-217532.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) revealed Friday that it expects revenue of C$2 million in 2019 during the ramp-up of its first two contracted wastewater treatment systems.

The Vancouver-based firm and its engineering partner PurLucid, have developed a rapid lithium extraction technology, which enhances the quality of recovery across a complex range of brines compared to solar evaporation.

READ: MGX Minerals set to take its lithium extraction tech to the shale plays of eastern USA

It can be used to extract lithium from petrolithium (oil and gas wastewater), natural brine, and other brine sources.

On Friday, MGX said the first system, which was contracted, is now made and being commissioned at an oilsands SAGD (steam assisted gravity drainage) operation in Alberta, Canada to process evaporator blowdown water (EBD) and is expected to be operational shortly.

Deployment of a second system is scheduled for June this year and will also be deployed to an oilsands SAGD operator in Alberta.

Both are capable of processing 10 cubic meters per hour and when the testing and optimization phase is complete, the customers will pay a fixed processing fee.

Contracts are currently being negotiated for more systems, said MGX in Friday's statement and are expected to be finalized soon.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Fri, 29 Mar 2019 08:47:00 -0400 https://ca.proactiveinvestors.com/companies/news/217532/mgx-minerals-eyeing-revenue-of-c2-million-from-ground-breaking-wastewater-systems-217532.html
<![CDATA[News - MGX Minerals set to take its lithium extraction tech to the shale plays of eastern USA ]]> https://ca.proactiveinvestors.com/companies/news/215832/mgx-minerals-set-to-take-its-lithium-extraction-tech-to-the-shale-plays-of-eastern-usa-215832.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) revealed another boost for its lithium extraction technology, saying it had inked a joint venture covering shale plays in eastern USA.

The company and its engineering partner PurLucid Treatment Solutions have developed a rapid lithium extraction technology, which enhances the quality of recovery across a complex range of brines compared to solar evaporation.

The tech can be used for petrolithium (oil and gas wastewater), natural brine, and other brine sources.

READ: MGX Minerals soon to commission second advanced wastewater treatment system

MGX and Eureka Resources have now signed a letter of intent to form an exclusive joint venture to recover lithium from water produced at non-conventional oil and gas sites across the Marcellus and Utica shale formations, Vancouver-based MGX said in a statement Tuesday.

This area accounts for around 40% of all natural gas produced in the United States, and also generates a large amount of so-called 'produced water'.

Eureka already uses advanced treatment technology to convert 10,000 barrels per day of this water into valuable co-products, including fresh water, high-purity sodium chloride and calcium chloride. Through this venture, Eureka will begin extracting lithium too.

''We are extremely pleased to partner with Eureka,'' said MGX president and CEO Jared Lazerson.

Strategic vision

''The joint venture will look not only to install an initial rapid recovery system immediately, but views this as the first step in executing the strategic vision of Petrolithium. The extraction of lithium from oil and gas well sources is a broad paradigm shift for the energy sector. There may be a lot of lithium in the eastern U.S. Our clean technology unlocks this potential. Our joint venture plans to install multiple lithium rapid recovery systems at wastewater treatment facilities across the Marcellus and Utica shale formations.''

Dan Ertel, president and CEO of Eureka Resources, added: "Through this joint venture, we can help meet the growing need for lithium while simultaneously making a positive environmental impact."

Shares advanced in Toronto over 11% to $0.395 in Toronto. In New york, they gained 7.4% to US$0.29.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Tue, 05 Mar 2019 09:25:00 -0500 https://ca.proactiveinvestors.com/companies/news/215832/mgx-minerals-set-to-take-its-lithium-extraction-tech-to-the-shale-plays-of-eastern-usa-215832.html
<![CDATA[News - MGX Minerals moves on to second phase of lithium-ion battery research with university of British Columbia ]]> https://ca.proactiveinvestors.com/companies/news/215342/mgx-minerals-moves-on-to-second-phase-of-lithium-ion-battery-research-with-university-of-british-columbia-215342.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) says it has moved onto the second phase of its collaborative research on developing high energy lithium-ion battery.

Its work with the University of British Columbia is now focusing on a scalable process to upgrade metallurgical silicon from MGX's silicon projects to battery-grade silicon anode for use in batteries, the company said in a statement.

READ: MGX Minerals funding research consortium to improve energy density of lithium-ion batteries

It comes as the phase 1 assessment of the silicon from the projects is now complete.

MGX has three silicon projects in southeastern British Columbia - Koot, Wonah and Gibraltar.

"MGX and UBC are working together to develop next-generation Li-ion batteries capable of quadrupling energy density from current 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid storage," the Vancouver-based firm said.

A viable replacement

MGX says the developed silicon anode will serve as a viable replacement over the present graphite anode and enable higher-energy-density lithium-ion batteries for numerous applications, including electric vehicles, grid storage and telecommunications.

The program with the University of British Columbia is due to last two years.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Tue, 26 Feb 2019 09:27:00 -0500 https://ca.proactiveinvestors.com/companies/news/215342/mgx-minerals-moves-on-to-second-phase-of-lithium-ion-battery-research-with-university-of-british-columbia-215342.html
<![CDATA[News - MGX Minerals soon to commission second advanced wastewater treatment system ]]> https://ca.proactiveinvestors.com/companies/news/214194/mgx-minerals-soon-to-commission-second-advanced-wastewater-treatment-system-214194.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) updated on progress on its ground-breaking water treatment technology, revealing that a second system is nearly complete with commissioning expected shortly.

Meanwhile, mobilization of a third system, capable of processing 10 cubic meters per hour to extract lithium from brine, is also being finalized, the Vancouver-based company said in a statement.

READ: MGX Minerals unveils successful commissioning results for its ground-breaking water treatment technology

MGX and engineering partner PurLucid Treatment Solutions have developed a rapid lithium extraction technology, which enhances the quality of recovery across a complex range of brines compared to solar evaporation.

It can be used for petrolithium (oil and gas wastewater), natural brine, and other brine sources such as lithium-rich mine and industrial plant wastewater.

This second system is capable of processing up to 10 cubic meters per hour, said MGX.

It will significantly reduce greenhouse gases through energy savings on steam generation, it added.

Successful commissioning results

Last month, MGX and PurLucid announced successful commissioning results from the first deployment of the extraction system.

The figures are for the five-cubic-meter-per-hour (750 barrels per day) NFLi-5 advanced system, which was "highly successful" in achieving all treatment chemical key performance indicators.

The system is currently operating and under contract with an oilsands SAGD (steam assisted gravity drainage) operator to process evaporator blowdown water (EBD).

The study covers a three-week operational period in December last year ahead of the deployment of this new 10 cubic meter per hour (1500 bpd) system.

MGX currently owns 60% of PurLucid and has the right to acquire up to a 100% interest via successive investments.

Shares in Toronto added 7.5% to $0.43. In New York, they gained 2.3% to US$0.3177.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Thu, 07 Feb 2019 09:00:00 -0500 https://ca.proactiveinvestors.com/companies/news/214194/mgx-minerals-soon-to-commission-second-advanced-wastewater-treatment-system-214194.html
<![CDATA[News - MGX Minerals reveals its energy subsidiary has industry veteran as new director ]]> https://ca.proactiveinvestors.com/companies/news/214018/mgx-minerals-reveals-its-energy-subsidiary-has-industry-veteran-as-new-director-214018.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) said its energy storage subsidiary MGX Renewables Inc (MGXR) has appointed renewables industry veteran Ron MacDonald to its board of directors.

MacDonald has more than 35 years' of both public and private sector experience, ranging from international roles within the Parliament of Canada to serving on the boards of numerous publicly listed resource companies.

READ: MGX Minerals unveils successful commissioning results for its ground-breaking water treatment technology

''Mr. MacDonald's appointment to MGXR's board of directors comes at an exciting time, ''said MGXR President and CEO Jared Lazerson. ''As we begin rolling out our new lineup of zinc-battery modular storage systems and file the public listing for MGXR, Mr. MacDonald's vision, experience, and vast global network will be crucial in the sales and energy arbitrage opportunities based on the MGXR product line."

From 1988 to 1997, he was the Member of Parliament for Halifax, Nova Scotia and was appointed by the Prime Minister of Canada as Parliamentary Secretary of International Trade.

MacDonald has served as executive chairman and director of American Vanadium Corp. as well as executive chairman of Critical Elements Corp.

He has also been a contributor to the EU Commission Framework 7 policy paper on ''Scarcity of Strategic Minerals'' and a presenter at conferences throughout the United States, Canada, Europe and Asia on strategic minerals needed to support the renewable energy and storage industries.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Tue, 05 Feb 2019 10:24:00 -0500 https://ca.proactiveinvestors.com/companies/news/214018/mgx-minerals-reveals-its-energy-subsidiary-has-industry-veteran-as-new-director-214018.html
<![CDATA[News - MGX Minerals unveils successful commissioning results for its ground-breaking water treatment technology ]]> https://ca.proactiveinvestors.com/companies/news/212800/mgx-minerals-unveils-successful-commissioning-results-for-its-ground-breaking-water-treatment-technology-212800.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF), with engineering partner, Pur Lucid, has unveiled successful commissioning results from its ground-breaking water treatment technology.

The figures are for the five-cubic-metre-per-hour (750 barrels per day) NFLi-5 advanced system, which was "highly successful" in achieving all treatment chemical key performance indicators, the Vancouver-based company said.

Shares surged over 15% in Toronto at $0.44 each

READ THE BIG PICTURE: MGX Minerals, the div ersified mining, water and energy storage group, advancing on a number of fronts

The system is currently operating and under contract with an oilsands SAGD (steam assisted gravity drainage) operator to process evaporator blowdown water (EBD).

The study covers a three-week operational period in December last year as preparation for an additional in-line deployment of a new 10 cubic metre per hour (1500 bpd), which is now underway.

MGX has developed a rapid lithium extraction technology, which enhances the quality of recovery across a complex range of brines compared to solar evaporation.

It can be used for petrolithium (oil and gas wastewater), natural brine, and other brine sources such as lithium-rich mine and industrial plant wastewater.

MGX said in a press release Thursday: "In addition to generating approximately C$30,000 in revenue for the company during the study period, the system was highly successful in achieving all treatment chemical key performance indicators.

"Most notable were treatment outcomes, which included removal of silica, calcium and magnesium totalling 99.7%, 88% and 72%, respectively.

"Additionally, total suspended solids in the treated product were non-detectable, effectively creating a clean water by-product for reuse.

"Hourly throughput during the commissioning phase was also reported as stable and optimization of control systems were successful in maintaining flow balance, overcoming any concerns of outdoor operations in cold weather conditions," it added.

MGX currently owns 60% of PurLucid and has the right to acquire up to a 100% interest via successive investments.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74 

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Thu, 17 Jan 2019 08:23:00 -0500 https://ca.proactiveinvestors.com/companies/news/212800/mgx-minerals-unveils-successful-commissioning-results-for-its-ground-breaking-water-treatment-technology-212800.html
<![CDATA[News - MGX Minerals shareholders vote in favor of MGX Renewables spinoff ]]> https://ca.proactiveinvestors.com/companies/news/212714/mgx-minerals-shareholders-vote-in-favor-of-mgx-renewables-spinoff-212714.html MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) said Wednesday that its shareholders voted to approve the spinoff of MGX Renewables Inc.

Vancouver-based MGX Minerals said in a press release that shareholders as of June 29 would receive one MGX Renewables share for 12.4163 MGX Minerals shares held. Moreover, shareholders of record on October 22 would receive one MGX Renewables share for 59.8186 MGX Minerals shares held as a return of capital.

READ: MGX Minerals drills for niobium at REN project in mountains of British Columbia

The company plans to complete the spinoff of 40% of the common shares of MGX Renewables as part of a going-public transaction scheduled for February.

The deal was approved by 98.06% of the votes cast by shareholders represented in person or by proxy. At the January 11 meeting, 17.7% of shares on record were voted, according to MGX Minerals.

MGX Renewables was known as ZincNyx Energy Solutions Inc when MGX Minerals agreed to acquire it in December 2017.

Last month, MGX Minerals said it had received Supreme Court of British Columbia approval of its plan for MGX Renewables.

Separately, shareholders set the number of directors at five and elected to the board Jared Lazerson, Lyndon Patrick, Michael Reimann, Andris Kikauka and Christopher Wolfenberg. Adam Sung Kim Ltd. was reappointed as auditor.

Shares of MGX Minerals fetched C$0.40 in Wednesday’s Canadian trading. They traded at US$0.30 on the OTC Markets.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Wed, 16 Jan 2019 10:22:00 -0500 https://ca.proactiveinvestors.com/companies/news/212714/mgx-minerals-shareholders-vote-in-favor-of-mgx-renewables-spinoff-212714.html
<![CDATA[News - MGX Minerals drills for niobium at REN project in mountains of British Columbia ]]> https://ca.proactiveinvestors.com/companies/news/211752/mgx-minerals-drills-for-niobium-at-ren-project-in-mountains-of-british-columbia-211752.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) said Thursday that it has drilled 44 meters and provided an update for its REN niobium-tantalum-titanium-REE mineral property in the northern Monashee Mountains of British Columbia.

The Vancouver-based company said it has now received assay results from diamond drilling as well as field reconnaissance results from a regional geochemical sampling program completed at REN.

A 14-hole, 1,249-meter drill program was completed at REN covering an area of 200 by 600 meters in the central portion of the mineral claims. The goal of the drill program was to test magnetic positive anomalies generated from a magnetometer survey completed earlier this year.

Results from the drill program returned positive niobium grades and wider-than-expected zones. A total of 670 samples were analyzed, and a follow-up exploration program for 2019 is being developed.

BIG PICTURE: MGX Minerals, the diversified mining, water and energy storage group, advancing on a number of fronts

MGX Minerals engages in the acquisition, exploration and development of mineral resource properties and industrial technologies. It explores for lithium, magnesium oxide, silicon, niobium-tantalum and gold properties, as well as for oil and gas resources.

REN lies within the Shuswap metamorphic complex, a belt of high-grade and intensely deformed metamorphic and intrusive rocks in the core of the Columbian Orogen in southeastern British Columbia.

Niobium is mainly used in the form of ferro-niobium to produce high-strength, low-alloy, lighter steel for use in the automotive, structural and pipeline industries.

The US imports 100% of the niobium it needs. Niobium is listed as a strategic metal and is being considered for national stockpiling in the US, China and several European countries.

 

Contact Rene Pastor by rene.pastor@proactiveinvestors.com

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Thu, 27 Dec 2018 08:15:00 -0500 https://ca.proactiveinvestors.com/companies/news/211752/mgx-minerals-drills-for-niobium-at-ren-project-in-mountains-of-british-columbia-211752.html
<![CDATA[News - MGX Minerals closes second tranche of private placement financing ]]> https://ca.proactiveinvestors.com/companies/news/211723/mgx-minerals-closes-second-tranche-of-private-placement-financing-211723.html MGX Minerals Inc (CSE:XMG) has closed the second and final tranche of its previously announced, non-brokered, private placement financing.

The Vancouver-based company said the second tranche generated gross proceeds of C$3,610,449.80 through issuance of 5,008,384 flow-through units at C$0.65 per flow-through unit and 591,667 non-flow-through units at C$0.60 per non-flow-through unit.

BIG PICTURE: MGX Minerals, the diversified mining, water and energy storage group, advancing on a number of fronts

Total proceeds raised under the first and second tranche of the offering total C$6,806,448.35.

The flow-through unit proceeds will be used for qualified mineral exploration expenses on the company's projects in Canada, including Driftwood magnesium oxide, Fran gold, Ren niobium-titanium-rare-earth and multiple silicon projects.

The securities issued under the offering will be subject to a hold period of four months and one day.

The non-flow-through unit proceeds are expected to be used for the advancement of the company's global water treatment and lithium assets.

 

Contact Rene Pastor by rene.pastor@proactiveinvestors.com

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Mon, 24 Dec 2018 09:06:00 -0500 https://ca.proactiveinvestors.com/companies/news/211723/mgx-minerals-closes-second-tranche-of-private-placement-financing-211723.html
<![CDATA[News - MGX Minerals funding research consortium to improve energy density of lithium-ion batteries ]]> https://ca.proactiveinvestors.com/companies/news/211600/mgx-minerals-funding-research-consortium-to-improve-energy-density-of-lithium-ion-batteries-211600.html MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) has made further progress in its battery energy activity.

The company announced it was funding a research consortium with the University of British Columbia (UBC) to develop a low-cost and scalable method for making silicon-based anode to improve the energy density of lithium-ion batteries.

READ: MGX Minerals, the diversified mining, water and energy storage group, advancing on a number of fronts

The ultimate goal is to create Li-ion batteries capable of quadrupling energy density from the current 100 Wh/kg up to 400 Wh/kg for long-range electric vehicles and grid storage.

MGX has three silicon projects in southeastern British Columbia - Koot, Wonah and Gibraltar.

A one-ton sample of quartzite from the Gibraltar project was recently shipped to the lab and testing showed the material was of high initial purity, making it chemically suitable as a medium-quality feedstock material for metallurgical-grade silicon production.

The two-year research program will focus on:

- Fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock.

- Compositing nanostructured silicon with commercial graphite to develop a high-performance silicon anode.

The purpose of the research is to replace the graphite anode with silicon and complete a hybrid in the short-term which will not require retooling.

MGX  shares added 1.49% in Toronto to $0.34.

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Thu, 20 Dec 2018 10:37:00 -0500 https://ca.proactiveinvestors.com/companies/news/211600/mgx-minerals-funding-research-consortium-to-improve-energy-density-of-lithium-ion-batteries-211600.html
<![CDATA[News - MGX Minerals receives British Columbia court approval for spinoff of MGX Renewables ]]> https://ca.proactiveinvestors.com/companies/news/211412/mgx-minerals-receives-british-columbia-court-approval-for-spinoff-of-mgx-renewables-211412.html MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) said Tuesday that it has received interim court approval to complete a 40% share spinoff of MGX Renewables.

Vancouver-based MGX Minerals, a developer of lithium, magnesium and silicon projects, said in a press release that the spinoff is subject to approval of shareholders at a January 11 meeting. The spinoff was approved in an interim order from the Supreme Court of British Columbia, according to MGX Minerals.

MGX Renewables was formerly known as ZincNyx Energy Solutions Inc.

READ: MGX Minerals' ZincNyx Energy subsidiary renamed as MGX Renewables Inc; unveils spin-out details

In addition, MGX Minerals said testing has begun for the MGXR ZRM-4500, a zinc regeneration module that uses electricity to extract zinc particles from a potassium zincate solution.

The ZRM-4500 is a key component of a patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is recharging, the zinc particles are regenerated and the evolved oxygen is returned to the surrounding air by the zinc regeneration module.

Earlier this month, MGX Minerals said its joint-venture partner Chilean Lithium Salars had started drilling in Chile.

Shares of MGX Minerals slipped C$0.03 to C$0.42 in Monday’s Canadian trading. They were down US$0.03 to US$0.30 on the OTC Markets.

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com


 

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Tue, 18 Dec 2018 08:19:00 -0500 https://ca.proactiveinvestors.com/companies/news/211412/mgx-minerals-receives-british-columbia-court-approval-for-spinoff-of-mgx-renewables-211412.html
<![CDATA[News - MGX Minerals reveals joint venture partner has kicked off drilling at lithium project in Chile ]]> https://ca.proactiveinvestors.com/companies/news/211152/mgx-minerals-reveals-joint-venture-partner-has-kicked-off-drilling-at-lithium-project-in-chile-211152.html MGX Minerals Inc. (CSE:XMG) (OTCMKTS: MGXMF) revealed drilling had started at its Francisco basin lithium project in Chile.

The work is being carried out by joint venture partner Chilean Lithium Salars (CLS) and will consist of a five-hole program aimed at targeting the brine aquifer that extends from the Northern Lagoon.

Samples here in May averaged 694mg/L lithium (milligrams per liter).

READ THE BIG PICTURE: MGX​ Minerals, the diversified mining, water and energy storage group, advancing on a number of fronts

In October this year, MGX said it had finalised the deal to acquire 50% of  CLS, which holds three prospective lithium exploration projects in Chile.

These include the Francisco basin, Laguna Brava and Laguna Escondida lithium projects.

The drill program is testing for lithium to a depth of up to 300 meters as well as the lateral extent of the mineralization.

The 1st hole lies in the center of where the salt lagoon anomaly encountered very high pressure of fresh water and was shut down at 20 meters.

The lease area for Francisco basin comprises 12,900 hectares and an electromagnetic (EM) geophysical survey was completed in April this year.

The results indicated strong potential for two highly conductive brines zones where significant thickness and horizontal coverage may exist.

The project is part of MGX's lithium extraction activities.

With partner Purlucid it has developed a rapid technology, which eliminates or greatly reduces the physical footprint and investment in large, multi-phase, lake-sized, lined evaporation ponds.

It also can enhance the quality of extraction and recovery compared to traditional solar evaporation.

MGX is prepared to mobilize a rapid lithium extraction system to the Francisco Basin.

Shares in the company eased 2.15% to $0.45 in Toronto.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

---Updates for share price--- ]]>
Thu, 13 Dec 2018 07:51:00 -0500 https://ca.proactiveinvestors.com/companies/news/211152/mgx-minerals-reveals-joint-venture-partner-has-kicked-off-drilling-at-lithium-project-in-chile-211152.html
<![CDATA[News - MGX Minerals reports high-grade gold mineralization at Fran property in British Columbia ]]> https://ca.proactiveinvestors.com/companies/news/211074/mgx-minerals-reports-high-grade-gold-mineralization-at-fran-property-in-british-columbia-211074.html MGX Minerals Inc (CSE:XMG) (OTCMKTS: MGXMF) reported on Wednesday that drilling indicated high-grade gold mineralization at the Fran gold property in British Columbia.

The Vancouver-based company said in a press release that one hole had a high-grade intercept from 136 to 142.35 meters indicating 6.55 grams of gold per ton and 0.1% copper over 4.1 meters. That included 38.7 grams of gold per ton and 0.6% copper from 140.35 to 140.90 meters.

READ: MGX Minerals poised for drilling restart at Fran gold project

A previously reported drill hole returned a broad intercept, from 227 meters to 241 meters of gold mineralization at depth, according to MGX. The Fran property is located 30 kilometers southwest of the Mount Milligan gold-copper mine.

Earlier in December, the company told investors that drilling will restart soon at the Fran gold project.

Shares of MGX climbed C$0.01 to C$0.48 in Wednesday’s Canadian trading.

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Wed, 12 Dec 2018 09:54:00 -0500 https://ca.proactiveinvestors.com/companies/news/211074/mgx-minerals-reports-high-grade-gold-mineralization-at-fran-property-in-british-columbia-211074.html
<![CDATA[News - MGX Minerals, the diversified mining, water and energy storage group, advancing on a number of fronts ]]> https://ca.proactiveinvestors.com/companies/news/210903/mgx-minerals-the-diversified-mining-water-and-energy-storage-group-advancing-on-a-number-of-fronts-210903.html Diversified MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) has made major advances in recent weeks, notably in its ground-breaking waste-water treatment system rollout.

At the end of October, the group said the first system had been deployed by partner Purlucid to the oilsands industry in Alberta, notching up first revenue for MGX.

The technology, backed by a government grant, reduces costs and enhances the quality of extraction. It separates impurities from oil and gas wastewater and produces clean water.

Two more systems will be rolled out in the next few months and a larger system by the end of the first half, 2019.

MGX says it's the only company currently approved by regulators for this type of water treatment for SAGD (steam-assisted gravity drainage) operation for customers.

What is MGX?

The firm is basically focused on three divisions within various activities.

These are mining, water (including mineral extraction from brines, eg, lithium) and battery mass storage.

WATCH: MGX Minerals sees great potential from three parts of the company

The mining side of the group's activity has thrown up a 'big surprise' recently, with a gold discovery at its Fran property in British Columbia - a property it started this year, not knowing for certain what it would do with it.

The highest-grade gold was hosted in a quartz-pyrite vein which averaged 21 grams per ton (g/t) gold over 2.2m, including 35.9 g/t gold across 0.76m and 26.70 g/t gold over 0.75 metres.

The group is now poised to restart drilling at the site in a bid to find more gold at greater depths.

President and CEO Jared Lazerson has pointed out that this is very early stage exploration and MGX is a long way from any potential sale of the project to a major.

The firm, however, will move to generate a 43-101 resource estimate for the property.

In other mining MGX news, it revealed late November that it was set to advance the Francisco Basin lithium project in Chile, where joint venture partner Chilean Lithium Salars (CLS) had mobilised a rig for drilling.

A five-hole program will target the Northern lagoon, where samples in May this year averaged 694mg/L (miligrams per litre) of lithium.

Energy mass storage

Last month, the group's energy storage subsidiary ZincNyx Energy Solutions Inc was renamed MGX Renewables Inc and it's making good progress - now entering the final phase of development towards production of its next-generation zinc-air mass storage system.

MGX’s zinc-air flow battery efficiently stores energy in the form of zinc particles and contains none of the traditional high-cost battery commodities such as lithium, vanadium, or cobalt.

In the latest update, MGX said all the components of the system have been designed, tooled and received with the exception of the fuel cell and regenerator plates.

Housings are expected to arrive this month.

Lazerson believes the market for the system could be huge. It is less expensive than the lithium-ion storage technology, and less volatile than using hydrogen.

The power is created by a chemical reaction.

"We've shown with the water purification we can commercialize and make money, and now with the battery mass storage and I think this one potentially could be bigger than it all," Lazerson told Proactive in a recent interview.

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Mon, 10 Dec 2018 10:47:00 -0500 https://ca.proactiveinvestors.com/companies/news/210903/mgx-minerals-the-diversified-mining-water-and-energy-storage-group-advancing-on-a-number-of-fronts-210903.html
<![CDATA[News - MGX receives independent review of lithium extraction technology for western US states ]]> https://ca.proactiveinvestors.com/companies/news/210879/mgx-receives-independent-review-of-lithium-extraction-technology-for-western-us-states-210879.html MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) said Monday that it has received an independent  review of its rapid lithium extraction technology for geothermal use in the western United States and renewed a contract with former California Senate Majority Leader Richard Polanco as a consultant.

The Vancouver-based mining company said in a press release that the company is focusing on geothermal lithium exploration in California and other western states for potential partnerships and acquisition targets. It added that majority-owned engineering partner PurLucid Treatment Solutions Inc has developed high-temperature filtration for the purification of geothermal brines. The review calls for the development of a detailed timeline.

READ: MGX Minerals poised for drilling restart at Fran gold project

Geothermal brines are known to contain lithium, magnesium and other minerals and metals including gold, according to MGX.

Separately, MGX said it has renewed its contract with former Senator Polanco, who continues to lead negotiations with California and municipalities regarding planned exploration locations and sites identified by MGX. He will also continue to advise MGX on environmental issues as well as community and shareholder relations.

Polanco served as Senate majority leader from 1998 until his retirement in 2002.

Shares of MGX were unchanged at C$0.50 in Monday's Canadian trading after earlier climbing C$0.03. 

Last week, the company told investors that drilling would restart soon at the Fran gold project in British Columbia.

--This story has been updated to give Monday's stock trading--

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Mon, 10 Dec 2018 08:17:00 -0500 https://ca.proactiveinvestors.com/companies/news/210879/mgx-receives-independent-review-of-lithium-extraction-technology-for-western-us-states-210879.html
<![CDATA[News - MGX Minerals poised for drilling restart at Fran gold project ]]> https://ca.proactiveinvestors.com/companies/news/210591/mgx-minerals-poised-for-drilling-restart-at-fran-gold-project-210591.html MGX Minerals Inc (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) told investors that drilling will restart soon at the Fran gold project in British Columbia.

Initial drilling this winter will see a twin vertical hole sunk to confirm and test below a historic hole from 2002 in the Hilltop zone.

WATCH: MGX Minerals sees great potential from three parts of the company

This hole assayed 13 meters of 3.76 g/t (grams per ton) gold from between 153m and 166 m, including 5.10 meters of 12.89 g/t of the yellow metal and 18.70 g/t gold over 1 meter.

Other historical holes included an intercept of 2.10m at 15.90 ppm (parts per million) gold.

Earlier this month, MGX reported Fall drilling results, which showed one hole returning a broad intercept from 227 to 241 metres of gold mineralization at depth in the Bullion Alley Gold Zone.

This confirmed the extension of gold mineralization in veins from near surface to depth

The highest-grade gold was contained within a quartz-pyrite vein which averaged 21 grams per ton (g/t) gold over 2.2m, including 35.9 g/t gold across 0.76m and 26.70 g/t gold over 0.75 metres.

The Fran property encompasses 10,227 hectares and lies 30km southwest of the Mount Milligan Gold-Copper Mine and 19km by logging road from the Mount Milligan western access road.

A total of 15,575 meters of diamond drilling was completed in 87 drill holes at the Bullion Alley Zone before 2018.

Previous drilling identified three areas along the northwest trending 1.5km strike with up to three lateral zones in addition to proximate gold zones such as the Hilltop Zone.

No significant drilling at depth has occurred on the property.

It's a busy period for the group. The group said this week that subsidiary MGX Renewables had entered the final phase of development of its next-generation zinc-air mass storage system.

READ: MGX Minerals makes discovery at Fran property in British Columbia

The modular plant is designed to deliver power in the range 20kW-50MW, while storage capacity will be anywhere from 120Kwh-1GWh.

With the advantage of rechargeable zinc-air fuel cell technology, it can be configured to support a wide range of discharge power.

MGX reported that all the components of the system have been designed, tooled and received with the exceptions of the fuel cell and regenerator plates. Housings are expected to arrive this month.

MGX’s zinc-air flow battery efficiently stores energy in the form of zinc particles and contains none of the traditional high-cost battery commodities such as lithium, vanadium, or cobalt.

It allows for low-cost mass storage of energy and can be used for a wide range of applications.

Shares were unchanged in Toronto at $0.51.

 

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

 

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Wed, 05 Dec 2018 08:18:00 -0500 https://ca.proactiveinvestors.com/companies/news/210591/mgx-minerals-poised-for-drilling-restart-at-fran-gold-project-210591.html
<![CDATA[Media files - MGX Minerals sees great potential from three parts of the company ]]> https://ca.proactiveinvestors.com/companies/stocktube/11441/mgx-minerals-sees-great-potential-from-three-parts-of-the-company-11441.html Tue, 04 Dec 2018 20:18:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11441/mgx-minerals-sees-great-potential-from-three-parts-of-the-company-11441.html <![CDATA[News - MGX Minerals next-generation battery technology enters crucial phase ]]> https://ca.proactiveinvestors.com/companies/news/210496/mgx-minerals-next-generation-battery-technology-enters-crucial-phase-210496.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) said its subsidiary MGX Renewables has entered the final phase of development of its next-generation zinc-air mass storage system.

The modular plant is designed to deliver power in the range 20kW-50MW, while storage capacity will be anywhere from 120Kwh-1GWh.

READ: MGX Minerals makes discovery at Fran property in British Columbia

With the advantage of rechargeable zinc-air fuel cell technology, it can be configured to support a wide range of discharge power.

In the latest update, MGX said all the components of the system have been designed, tooled and received with the exceptions of the fuel cell and regenerator plates. Housings are expected to arrive this month.

Designed for mass production 

All components are designed for mass production. Many of the most sophisticated and proprietary components such as the cathode are manufactured in-house.

MGX’s zinc-air flow battery efficiently stores energy in the form of zinc particles and contains none of the traditional high-cost battery commodities such as lithium, vanadium, or cobalt.

It allows for low-cost mass storage of energy and can be used for a wide range of applications.

Unlike conventional batteries, such as lithium-ion, which have a fixed energy-power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability.

The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel.

This allows the system to be scaled up at low cost, which is a major advantage over traditional battery technology.

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Tue, 04 Dec 2018 09:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/210496/mgx-minerals-next-generation-battery-technology-enters-crucial-phase-210496.html
<![CDATA[News - MGX Minerals makes discovery at Fran property in British Columbia ]]> https://ca.proactiveinvestors.com/companies/news/210409/mgx-minerals-makes-discovery-at-fran-property-in-british-columbia-210409.html MGX Minerals Inc (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) reported encouraging news Monday after it released results from its Fran Gold project in British Columbia.

The company said drilling will re-commence shortly.

READ: MGX Minerals reports up to 100% silicon dioxide assay at Gibraltar project, British Columbia

The discovery was made at the Fran gold property, 30km southwest of the Mount Milligan gold-copper mine.

One hole has returned a broad intercept from 227 to 241 metres of gold mineralization at depth in the Bullion Alley Gold Zone.

The highest-grade gold mineralization was contained within a quartz-pyrite vein which averaged 21 grams per ton (g/t) gold over 2.2m, including 35.9 g/t gold across 0.76m and 26.70 g/t gold over 0.75 metres. 

MGX said it has re-mobilized a drill to the property and drilling will re-commence this week.

The 2018 drill program will test its main zone at depth and along strike to the east, as well as test under-explored zones with high-grade historical results proximate to the Main Zone.

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Mon, 03 Dec 2018 09:51:00 -0500 https://ca.proactiveinvestors.com/companies/news/210409/mgx-minerals-makes-discovery-at-fran-property-in-british-columbia-210409.html
<![CDATA[News - MGX Minerals reports up to 100% silicon dioxide assay at Gibraltar project, British Columbia ]]> https://ca.proactiveinvestors.com/companies/news/210318/mgx-minerals-reports-up-to-100-silicon-dioxide-assay-at-gibraltar-project-british-columbia-210318.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) on Friday reported encouraging findings from its Gibraltar and Wonah silicon properties located in British Columbia.

It reported up to 100% silicon dioxide at Gibraltar and 99.9% at Wonah from rock-chip sampling.

MGX operates three silicon projects in the province: Koot, Wonah and Gibraltar.

READ: MGX Minerals set to advance Francisco Basin lithium project in Chile as drilling to start

The energy metals group is investigating the potential to source high-grade silica as a feedstock for industrial silicon metal and solar silicon metal applications.

Silicon has a variety of uses. As well as in glass manufacture, it is also used to make pottery. It is also used in computers.

MGX completed two drill holes of an eight-hole drill program at the Gibraltar South Zone totaling around 2,100 feet.

The aim of the drill program is to test subsurface dimensions of high purity quartzite.

At Wonah, the main target includes the ridge where steeply dipping Ordovician age quartzite is exposed over a strike length of around 850 meters.

Gibraltar assays also included 99.9% and 98.5% silicon dioxide and Wonah assays showed 99.4% and 97.3% silicon dioxide.

As reported in October, a  one-ton sample of quartzite from the Gibraltar site was shipped to an independent laboratory In Germany.

The sample went through various tests and the results indicate that it is of high initial purity, making the fraction chemically suitable as medium quality feedstock material to produce metallurgical-grade silicon.

Shares in Toronto added 2.25% to $0.455.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

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Fri, 30 Nov 2018 09:16:00 -0500 https://ca.proactiveinvestors.com/companies/news/210318/mgx-minerals-reports-up-to-100-silicon-dioxide-assay-at-gibraltar-project-british-columbia-210318.html
<![CDATA[News - MGX Minerals set to advance Francisco Basin lithium project in Chile as drilling to start ]]> https://ca.proactiveinvestors.com/companies/news/210239/mgx-minerals-set-to-advance-francisco-basin-lithium-project-in-chile-as-drilling-to-start-210239.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) announced Thursday progress at its lithium project in Chile, where its joint venture partner Chilean Lithium Salars (CLS) has mobilised a rig for drilling.

A five-hole program will target the Northern lagoon, where samples in May this year averaged 694mg/L (miligrams per litre) of lithium.

CLS will test lithium mineralization to a depth of up to 300 meters as well as the lateral extent of the mineralization and the data will be used to define the hydrogeological model for the 12,900-hectare project.

READ: MGX Minerals brings in $3.2M from first tranche of placing; drilling starts at Salinitas lithium project

In October this year, MGX said it had finalised the deal to acquire 50% of  CLS, which holds three prospective lithium exploration projects in Chile.

These include the Francisco basin, Laguna Brava and Laguna Escondida lithium projects.

MGX said it and CLS will continue to work with SRK Consulting to complete a definitive exploration program for the Francisco Basin project.

An electromagnetic geophysical survey was completed in April this year at Francisco and, significantly, results indicated strong potential for the presence of two highly conductive brines zones.

Rapid extraction

As is well documented, MGX  has developed a rapid extraction technology for lithium, which can remove the need to invest in large, multi-phase, lake-sized, lined evaporation ponds.

It says it is prepared to mobilize a rapid lithium extraction system to the Francisco Basin project.

In a separate statement today, MGX posted its results for the year to end July, which showed its total assets had increased to $38.5 million compared with $11.6 million at the end of the fiscal year 2017.

In keeping with a company at this stage of development, the loss was $25.4 million, compared with $13.9 million in 2017, or a loss per share of $0.27 compared with a loss of $0.24 per share last year.

MGX Minerals shares were down 2.1% in Toronto at the time of writing at $0.46.

 

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

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Thu, 29 Nov 2018 10:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/210239/mgx-minerals-set-to-advance-francisco-basin-lithium-project-in-chile-as-drilling-to-start-210239.html
<![CDATA[News - MGX Minerals brings in $3.2M from first tranche of placing; drilling starts at Salinitas lithium project ]]> https://ca.proactiveinvestors.com/companies/news/210144/mgx-minerals-brings-in-32m-from-first-tranche-of-placing-drilling-starts-at-salinitas-lithium-project-210144.html MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF), the energy metals and materials group, updated on the placing announced last week, saying it had raised $3.2 million and also told investors that drilling had kicked off at its Salinitas lithium project in Argentina.

The Salinitas tenements lie in the famed 'lithium triangle' at the Salar de Salinas Grandes, in the Argentinian province of Salta.

READ: MGX Minerals reaches another milestone as partner PurLucid processes first oilsands wastewater

The project is a joint venture with A.I.S. Resources (CVE:AIS) and the firm is earning an undivided 80% interest by incurring total exploration expenditures of US$1.2 million and by making payments totalling US$3.2 million by May 31, 2020.

A.I.S has started drilling at the site and the aim of the program is to test two anomalies generated from the previously completed TEM (Transient Electromagnetic Survey) survey.

These anomalies are potential aquifers based on the interpretation of the geophysical profiles.

Brines will be sampled down to 400m (meters), with specific yield and other porosity tests.

Vancouver-based MGX told investors that, subject to brine composition and flow rate, one well will begin a 30-day pump test.

MGX, with partner PurLucid, has developed a rapid lithium extraction technology, which negates the need for large, lake-sized, lined evaporation ponds, and enhances recovery across a complex range of brines compared with traditional solar evaporation.

Last week, the firm said it intended to complete a non-brokered private placing to raise gross proceeds of up to $4.02-million on a non-flow-through (NFT) basis.

There will also be a concurrent non-brokered flow-through (FT) private placement to raise gross proceeds of $4,000,750. Total gross proceeds will be up to $8,020,750.

Today, the group said it had closed the first tranche,  generating gross proceeds of around $3.2 million by issuing around 3.070 million flow-through units at $0.65 each and 2 million non-flow through units at $0.60 each.

it said the FT financing proceeds would be used for qualified mineral exploration expenses on the company's projects in Canada.

The NFT proceeds are expected to be used for advancing the company's lithium and magnesium assets, including continued investment into extraction equipment and PurLucid, property payments and additional acquisitions, engineering studies, permitting activities, and for working capital.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

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Wed, 28 Nov 2018 09:42:00 -0500 https://ca.proactiveinvestors.com/companies/news/210144/mgx-minerals-brings-in-32m-from-first-tranche-of-placing-drilling-starts-at-salinitas-lithium-project-210144.html
<![CDATA[News - MGX Minerals reaches another milestone as partner PurLucid processes first oilsands wastewater ]]> https://ca.proactiveinvestors.com/companies/news/209944/mgx-minerals-reaches-another-milestone-as-partner-purlucid-processes-first-oilsands-wastewater-209944.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) and its ground-breaking water treatment technology has reached another milestone - as its partner PurLucid Treatment Solutions has now processed the first shipment of 40 cubic meters of wastewater brine from an oilsands customer, realising significant cost-savings.

MGX has developed a rapid lithium extraction technology, which enhances the quality of recovery across a complex range of brines compared to solar evaporation.

READ: MGX Minerals aims to raise up to $8 million in private placement

The technology is applicable to petrolithium (oil and gas wastewater), natural brine, and other brine sources such as lithium-rich mine and industrial plant wastewater.

While not all oilsands EBD (evaporator blowdown) wastewater contains significant concentrated lithium.

One of two of MGX's current SAGD (steam assisted gravity drainage) operation customers discharges wastewater that contains lithium in the 100ppm (parts per million) range.

The MG system for the extraction is currently operating at a third party industrial location and the company is pleased to report that the same SAGD operator recently received an operating permit for the equipment from the Alberta Energy Regulator.

A new 11 cubic meter high temperature, high-pressure system, is near completion and is expected to be deployed on site in January.

The current 5 cubic meter system will continue to operate and process water from customers, noted MGX.

"This technology represents a landmark shift in environmental services and, where there are significant concentrations of lithium, a by-product that, with the rapidly increasing demand for lithium, may now represent to the energy industry, a shift similar to that which resulted from the commercialization of natural gas," said MGX in a statement Monday.

"There is no doubt that on a daily basis in North America the oil and gas industry generates far more wastewater brine feedstock containing lithium (LiCl) then current global commercial lithium brine operations, largely due to the very long time solar evaporation takes, the traditional method of lithium brine extraction.

"As natural gas was once seen as a hindrance or waste product, to be flared off, there is a similar parallel to wastewater treatment and mineral extraction.

"The potential to offset surging wastewater management costs with our technology both in direct processing of water and, where applicable, extraction of lithium, may begin to solve the single biggest ancillary cost in oil and gas today."

When placed within the SAGD operation itself the system will significantly reduce greenhouse gases through energy savings on steam generation. The technology provides superior treatment outcomes when compared to conventional technology which requires offsite trucking and high cost (due to toxicity) disposal.

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Mon, 26 Nov 2018 09:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/209944/mgx-minerals-reaches-another-milestone-as-partner-purlucid-processes-first-oilsands-wastewater-209944.html
<![CDATA[News - MGX Minerals aims to raise up to $8 million in private placement ]]> https://ca.proactiveinvestors.com/companies/news/209864/mgx-minerals-aims-to-raise-up-to-8-million-in-private-placement-209864.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) announced Friday that it was aiming to raise $8 million in a non-brokered private placement. 

The company said it intends to complete a non-brokered private placement to raise gross proceeds of up to $4.02-million on a non-flow-through (NFT) basis and a concurrent non-brokered flow-through (FT) private placement to raise gross proceeds of $4,000,750, for aggregate gross proceeds of up to $8,020,750.

The FT financing proceeds will be used for qualified mineral exploration expenses on the company's projects in Canada. The NFT proceeds are expected to be used for advancing the company's lithium and magnesium assets, including continued investment into extraction equipment and PurLucid, property payments and additional acquisitions, engineering studies, permitting activities, and for general working capital.

READ: MGX Minerals reports positive results from petcoke gasification study

For the NFT financing, up to 6.7 million units, priced at $0.60, will be offered. Each unit will comprise one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company for a period of 36 months from the date of closing at an exercise price of $0.67. 

For the FT financing, up to 6,155,000 million units, priced at $0.65 will be offered. Each unit will comprise one common share issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each FT warrant will entitle the holder to acquire one additional common share for a period of 36 months from the date of closing at an exercise price of $0.70. 

The company said it expects to close the financing around the end of November and securities issued will be subject to a hold period of four months and one day.

The company also said Friday had a correction in regards to the number of shares issued to PurLucid Treatment Solutions Inc. shareholders under the phase V investment agreement, as previously reported in mid-November. The correct number of shares issued to PurLucid shareholders was 1,199,198 common shares of the company.

Shares of MGX Minerals closed at $0.62 on Friday. 

Contact Katie Lewis at katie@proactiveinvestors.com

Follow her on Twitter @kelewis. 

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Fri, 23 Nov 2018 17:35:00 -0500 https://ca.proactiveinvestors.com/companies/news/209864/mgx-minerals-aims-to-raise-up-to-8-million-in-private-placement-209864.html
<![CDATA[News - MGX Minerals reports positive results from petcoke gasification study ]]> https://ca.proactiveinvestors.com/companies/news/209692/mgx-minerals-reports-positive-results-from-petcoke-gasification-study-209692.html MGX Minerals Inc (CNSX:XMG, OTCMKTS:MGXMF) reported Wednesday positive results from a study that it conducted with Highbury Energy Inc analyzing extractions from petroleum coke, an oil and gas industry by-product.

The study looked at three products of value: hydrogen, FT liquids and fuel gas, each of which has potential markets in the oil sands and heavy oil industry, according to Vancouver-based MGX.

READ: MGX Minerals and partner Highbury Energy start researching gasification of petcoke

A report outlines a petcoke-to-hydrogen process that draws on Vancouver-based Highbury’s patented dual-bed gasification technology, which requires no fine grinding or air separation unit.

The goal of MGX's joint research with Highbury is to develop fuel source alternatives and battery metals byproducts including vanadium, nickel and cobalt that can be integrated into refinery operations.

Shares of MGX were unchanged at C$0.65 in Wednesday's Canadian trading. They slipped US$0.04 to US$0.49 on the OTC market Tuesday.

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com
 

 

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Wed, 21 Nov 2018 09:29:00 -0500 https://ca.proactiveinvestors.com/companies/news/209692/mgx-minerals-reports-positive-results-from-petcoke-gasification-study-209692.html
<![CDATA[News - MGX Minerals increases stake in engineering partner PurLucid Treatment to 60% ]]> https://ca.proactiveinvestors.com/companies/news/209323/mgx-minerals-increases-stake-in-engineering-partner-purlucid-treatment-to-60-209323.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) told investors Thursday that it had increased its stake in engineering partner PurLucid Treatment Solutions to 60% from 50% previously.

The increase was recently approved by PurLucid shareholders under phase 5 of the investment agreement through MGX issuing around 1 million shares.

WATCH: MGX Minerals is a diversified company that is about to turn revenue positive

Last week, the Vancouver-based company updated on progress being made on the building of its third petrolithium and advanced waste-water treatment system.

The first of these systems had been deployed by MGX partner PurLucid in Alberta, Canada, as revealed on October 30.

MGX today reported that the installation and testing of a commercial-scale five-cubic-metre-per-hour (750 barrels per day) NFLi-5 petrolithium and advanced wastewater treatment system were now complete.

Significantly, revenue from the environmental processing of evaporator blowdown wastewater (EBD) will begin next week with lithium extraction of post-processed clean water to follow shortly

thereafter.

Three additional (two at 10 cubic metres per hour and one at 20 cubic metres per hour) systems will be deployed, around every other month, during the first half of 2019.

Additional systems may be added to the schedule as additional wastewater treatment, petrolithium, geothermal and natural mineral brine projects and customers come online.

MGX has developed a rapid lithium extraction technology, which eliminates or reduces the physical footprint and investment in large, lake-sized, lined evaporation ponds.

It also enhances the quality of recovery across a complex range of brines compared to solar evaporation.

 

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

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Thu, 15 Nov 2018 12:15:00 -0500 https://ca.proactiveinvestors.com/companies/news/209323/mgx-minerals-increases-stake-in-engineering-partner-purlucid-treatment-to-60-209323.html
<![CDATA[News - MGX Minerals receives patent acceptance for water treatment technology ]]> https://ca.proactiveinvestors.com/companies/news/209213/mgx-minerals-receives-patent-acceptance-for-water-treatment-technology-209213.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) unveiled positive news today regarding a patent for its water treatment technology.

The company has received notice that it a patent will be published for a new method to produce boiler feed water using low energy.

READ: MGX Minerals updates on progress of third advanced wastewater treatment system

MGX has developed a rapid lithium extraction technology, which eliminates or reduces the physical footprint and investment in large, lake-sized, lined evaporation ponds.

It also enhances the quality of recovery across a complex range of brines compared to solar evaporation.

The technology for which this patent relates will allow using poor quality water to tri-generate electricity, pure water and minerals.

The system was designed within a consortium, including MGX,  its engineering partner PurLucid and David Bromley Engineering Ltd.

MGX Minerals shares in  Canada were unchanged at $0.60.

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Wed, 14 Nov 2018 11:02:00 -0500 https://ca.proactiveinvestors.com/companies/news/209213/mgx-minerals-receives-patent-acceptance-for-water-treatment-technology-209213.html
<![CDATA[Media files - MGX Minerals is a diversified company that is about to turn revenue positive ]]> https://ca.proactiveinvestors.com/companies/stocktube/11159/mgx-minerals-is-a-diversified-company-that-is-about-to-turn-revenue-positive-11159.html Fri, 09 Nov 2018 17:41:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11159/mgx-minerals-is-a-diversified-company-that-is-about-to-turn-revenue-positive-11159.html <![CDATA[News - MGX Minerals updates on progress of third advanced wastewater treatment system ]]> https://ca.proactiveinvestors.com/companies/news/208750/mgx-minerals-updates-on-progress-of-third-advanced-wastewater-treatment-system-208750.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) updated on the progress made on the building of its third petrolithium and advanced waste-water treatment system.

As revealed on October 30, the first of these treatment systems had been deployed by MGX partner PurLucid in Alberta, Canada.

READ: MGX Minerals installs first advanced wastewater treatment system in Alberta

The technology reduces costs and enhances the quality of extraction across a complex range of brines. 

The system can also extract lithium and other valuable elements and is planned to be deployed, initially in Alberta.

The company may, however, at its discretion choose to deploy the system at its Western United States or South American lithium brine projects, depending on the economics and advancement of those projects over the next few months.

MGX said Wednesday, that with partner PurLucid, manufacturing of nano-filtration membrane housing was underway and primary nano-flotation, piping and structural components are expected to begin fabrication in the second half of November.

Control systems are expected to begin to be built in December this year.

The system can process 20 cubic metres per hour and used to treat one-through steam generator (OTSG) boiler blowdown brine.

OTSG represents the largest water loss at steam-assisted gravity drainage (SAGD) facilities, which produce heavy crude and bitumen.

The system will treat water suitable for reuse, saving the majority of water loss and greatly reduce the cost of new and expansion SAGD projects.

READ: MGX Minerals' ZincNyx Energy subsidiary renamed as MGX Renewables Inc; unveils spin-out details

Also today, in a separate announcement, MGX revealed that its wholly-owned subsidiary, MGX Renewables Inc (formerly ZincNyx Energy Solutions Inc.) had applied to list shares on the Canada Securities Exchange.

MGX is spinning-out 40% of MGX Renewables shares in the form of a plan of arrangement.

Jared Lazerson, the MGX Mineral's chief, has been appointed chief executive of MGX Renewables.

Shares in MGX shed 4.84% to stand at $0.59 in Toronto.

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Wed, 07 Nov 2018 09:40:00 -0500 https://ca.proactiveinvestors.com/companies/news/208750/mgx-minerals-updates-on-progress-of-third-advanced-wastewater-treatment-system-208750.html
<![CDATA[News - MGX Minerals' ZincNyx Energy subsidiary renamed as MGX Renewables Inc; unveils spin-out details ]]> https://ca.proactiveinvestors.com/companies/news/208353/mgx-minerals-zincnyx-energy-subsidiary-renamed-as-mgx-renewables-inc-unveils-spin-out-details-208353.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) said its energy storage subsidiary ZincNyx Energy Solutions Inc has been renamed MGX Renewables Inc.

As reported recently, MGX will spin-out 40% of MGX Renewables shares in the form of a plan of arrangement.

READ: MGX Minerals set to team up with tech group Braingrid to help cannabis growers save energy

Jared Lazerson, the MGX Mineral's chief, has been appointed chief executive of MGX Renewables.

The plan is MGX shareholders of record on June 29 this year will receive one MGX Renewables Share for every 12.4163 MGX shares they hold.

MGX shareholders of record on October 22 will receive one MGX Renewables share for every 59.8186 MGX shares they have.

In connection with the plan, MGX is also pleased to announce a non-brokered private placing by MGX Renewables of up to 12 million subscription receipts at a price of $0.25 per receipt for total gross proceeds of up to $3 million.

Each subscription receipt allows the bearer to receive, upon closing, one unit of MGX Renewables, each unit being comprised of one MGX Renewables Share.

There will also be one half of one MGX Renewables Share purchase warrant.

Each warrant will entitle the holder to acquire one MGX Renewables share at a price per MGX Renewables Share of $0.35 until the earlier of November 30, 2020.

MGX Renewables Inc has developed a modular storage system using zinc and air to store energy in the form of zinc particles and has so far been awarded 20 patents.

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Thu, 01 Nov 2018 12:30:00 -0400 https://ca.proactiveinvestors.com/companies/news/208353/mgx-minerals-zincnyx-energy-subsidiary-renamed-as-mgx-renewables-inc-unveils-spin-out-details-208353.html
<![CDATA[News - MGX Minerals installs first advanced wastewater treatment system in Alberta ]]> https://ca.proactiveinvestors.com/companies/news/208138/mgx-minerals-installs-first-advanced-wastewater-treatment-system-in-alberta-208138.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) said the first of its advanced wastewater treatment systems had been deployed by partner Purlucid in Alberta.

This innovative technology reduces costs and enhances the quality of extraction across a complex range of brines. The customer will pay $35 per cubic meter for evaporator blowdown wastewater (EBD) processing, MGX said. Delivery of first EBD wastewater is expected to occur on November 13. The system, capable of processing 5 cubic meters per hour (m3/h) is expected to operate at full capacity. The system will take highly concentrated EBD wastewater and treat it to a level suitable for reuse or standard low-cost disposals of clean liquids and physical solids and particulate.

READ: MGX Minerals set to team up with tech group Braingrid to help cannabis growers save energy

This is the first scheduled system for installation. The second installation will be a high-temperature 10m3 per hour system in around two months.

This second system is currently undergoing flow testing at PurLucid manufacturing facility in Calgary, Alberta.

A third system is currently in fabrication and is a larger-scale version (20 m3/h) of the first system intended to treat one-through steam generator (OTSG) boiler blow down.

MGX also noted that due to the requirements of NI 43-101 classification, it cannot project or comment on mineral extraction revenue from wastewater, if any, until a PEA (preliminary economic assessment), PFS (pre-feasibility study), or actual mineral sales have occurred.

PurLucid's licensed and patented nano flotation technology was designed specifically for oilfields.

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.

Shares in MGX added 6.78% to $0.63.

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Tue, 30 Oct 2018 09:32:00 -0400 https://ca.proactiveinvestors.com/companies/news/208138/mgx-minerals-installs-first-advanced-wastewater-treatment-system-in-alberta-208138.html
<![CDATA[News - MGX Minerals set to team up with tech group Braingrid to help cannabis growers save energy ]]> https://ca.proactiveinvestors.com/companies/news/207782/mgx-minerals-set-to-team-up-with-tech-group-braingrid-to-help-cannabis-growers-save-energy-207782.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF), the energy metals and materials group, is now venturing into the cannabis growing arena.

Its energy storage subsidiary ZincNyx Energy Solutions Inc has inked a strategic tie-up with Braingrid Corp to develop market a product tailored for the pot growing market.

Pot cultivation is highly energy intensive.

For example, one pound of dried cannabis flower alone requires around 2,000 kWh, equivalent to the consumption of a typical home for two months.

ZincNyx has developed a modular storage system using zinc and air to store energy in the form of zinc particles.

It aims to offer lower-cost, long duration batteries capable of simultaneous charge and discharge.

MGX said today the partnership would leverage Braingrid's software and technology and ZincNyc's energy storage systems to provide cannabis cultivators with renewable solutions.

Braingrid notes that cannabis cultivation sites are growing exponentially, while the electrical grid is incapable of supplying the demand or storing excess renewable production, especially in rural areas.

It adds that cannabis cultivators intending to survive the upcoming oversupply and the resultant "race to the bottom" will need to become extremely rigorous in reducing the cost per gram.

In other cannabis cultivation facts, around 1% of the US electrical grid is used for cannabis cultivation amounting to US$6 billion.

New laws are emerging in certain areas, which mandate farmers and or cultivators to employ real-time monitoring of water/electricity use.

Cultivators will be forced to use on-site cogeneration and peak shaving technologies such as solar, diesel, gas turbine (syngas/natural gas) to offset energy costs and make up for the utility grid stability.

ZincNyx and Braingrid have agreed to sign a definitive agreement within the next 60 days.

MGX Minerals Inc.shares in Toronto added 1.61% to $0.61.

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Wed, 24 Oct 2018 12:55:00 -0400 https://ca.proactiveinvestors.com/companies/news/207782/mgx-minerals-set-to-team-up-with-tech-group-braingrid-to-help-cannabis-growers-save-energy-207782.html
<![CDATA[News - MGX Minerals reaches major milestone as it delivers first rapid lithium extraction system ]]> https://ca.proactiveinvestors.com/companies/news/207384/mgx-minerals-reaches-major-milestone-as-it-delivers-first-rapid-lithium-extraction-system-207384.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) told investors it's about to press go on its first rapid lithium extraction oil and gas wastewater treatment system.

The commercial-scale 750 barrel per day (bpd) system has been delivered to a  centralized processing facility north of Edmonton in Canada and near to the Alberta oil sands.

It is currently in the final phase of electrical hook-up and will be in operation shortly.

READ: MGX Minerals says drill program at Kibby Basin has been expanded

MGX and engineering PurLucid expect to start processing wastewater under an existing agreement with an oilsands SAGD (steam assisted gravity drainage) operator in early November and additional wastewater containing lithium from a second oilsands SAGD operator shortly thereafter.

MGX, with Purlucid, has developed this innovative technology, which reduces costs and enhances the quality of extraction across a complex range of brines.

Jared Lazerson, the MGX president and CEO said of the milestone: "With the determined backing of our shareholders, investment funds, oilsands operators, associated engineering companies, the Province of Alberta, and the Government of Canada, it has been shown, once again, that a small determined group of scientists and engineers can provide solutions to the most important of global problems.

"The combination of cleaning wastewater and extracting minerals sets the stage for a bright future for MGX as we move into the revenue phase of our growth cycle with this globally applicable, low capital intensive, and most importantly, scalable technology."

READ: MGX Minerals set to deliver first rapid lithium extraction system

He said the stage was now set for  a "rapid adoption of our technologies that provide a solution to the most difficult of global wastewater problems and a revenue stream, as applicable, from mineral extraction to further offset these costs or as a standalone technology, essentially creating an entirely new industry of recycling of commodities from wastewater".

This first system 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.

PurLucid has been awarded a non-repayable contribution totalling up to $8.2 million in government funding to support the commercialization of a low energy water treatment system for the oil and gas industry.

Meanwhile, a second 1,500 bpd (barrels of oil per day) system is near completion at PurLucid's manufacturing facility in Calgary, Alberta.

This is expected to be deployed in around 60 days with additional wastewater and mineral extraction systems to rapidly follow throughout 2019-2020.

Shares added nearly 8% in Toronto to stand at $0.55.

Reporting by Giles Gwinnett

giles@proactiveinvestors.com

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Thu, 18 Oct 2018 08:30:00 -0400 https://ca.proactiveinvestors.com/companies/news/207384/mgx-minerals-reaches-major-milestone-as-it-delivers-first-rapid-lithium-extraction-system-207384.html
<![CDATA[News - MGX Minerals says drill program at Kibby Basin has been expanded ]]> https://ca.proactiveinvestors.com/companies/news/207190/mgx-minerals-says-drill-program-at-kibby-basin-has-been-expanded-207190.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) revealed that joint venture partner Belmont Resources Inc (CVE:BEA) plans to  conduct up to 4,800 feet of further drilling at the Kibby Basin lithium project in Nevada.

The additional drilling will be across four diamond drill holes. Belmont has also reported plans to conduct downhole geophysical surveys to test prospective layers for potential aquifers.

Drilling is expected to begin shortly.

Earlier this month, MGX posted encouraging sampling results from the project.

The results hailed from 25 core samples collected in one drill hole KB-3, at between 1,270 and 1,798 feet.

As reported by Belmont, 20 of 25 samples exceeded more than 100 parts per million (ppm) lithium, with seven samples containing greater than 300 ppm lithium, and the highest sample containing 580 ppm lithium.

Today (Tuesday), MGX reported that Belmont had delivered a further 59 core samples from the lower section of one hole to ALS labs in Reno for assaying.

MGX is currently earning a 50% interest in the project with the goal of forming a 50:50 joint venture to utilize its rapid lithium extraction technology.

Kibby basin is located in the western portion of the Great Basin in Nevada. The property covers 2,560 acres located in Esmeralda County.

Clayton Valley lies around 50 km to the south, the location of Abermarle's Silver Peak mine, the only North American lithium producer.

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Tue, 16 Oct 2018 09:08:00 -0400 https://ca.proactiveinvestors.com/companies/news/207190/mgx-minerals-says-drill-program-at-kibby-basin-has-been-expanded-207190.html
<![CDATA[News - MGX Minerals Inc says sample from BC property shows suitability for silicon production ]]> https://ca.proactiveinvestors.com/companies/news/206928/mgx-minerals-inc-says-sample-from-bc-property-shows-suitability-for-silicon-production-206928.html Energy metals group MGX Minerals Inc. (CSE:XMG, OTCQB: MGXMF) has received good news about its Gibraltar Silica property in British Columbia.

A one-ton sample of quartzite was shipped to an independent laboratory In Germany.

The sample went through various tests and the results indicate that it is of high initial purity, making the fraction chemically suitable as medium quality feedstock material to produce metallurgical-grade silicon.

Three projects

MGX operates three silicon projects in southeastern British Columbia. These are Koot, Wonah, and Gibraltar.

Gibraltar lies around 95 kilometres northeast of Cranbrook in British Columbia.

Silicon has a variety of uses. As well as in glass manufacture, it is also used to make pottery.

It is also used in computers and over 90% of the current solar cell market is based 

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Thu, 11 Oct 2018 12:52:00 -0400 https://ca.proactiveinvestors.com/companies/news/206928/mgx-minerals-inc-says-sample-from-bc-property-shows-suitability-for-silicon-production-206928.html
<![CDATA[News - MGX Minerals finalizes deal to acquire lithium brine projects in Chile; set to drill at Francisco ]]> https://ca.proactiveinvestors.com/companies/news/206695/mgx-minerals-finalizes-deal-to-acquire-lithium-brine-projects-in-chile-set-to-drill-at-francisco-206695.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) said it had signed the definitive option agreement on the August announced  deal to acquire 50% of Chilean Lithium Salars SpA, which holds three prospective lithium exploration projects located in Chile.

The prospects include the Francisco basin, Laguna Brava and Laguna Escondida lithium projects.

Significantly, contractors will be on site this week to prepare for drilling at the Francisco basin project, which will be overseen by consultant SRK to deliver a 43-101 complaint resource  estimate as soon as exploration is over.

Pilot testing

Meanwhile, two samples from the Laguna Brava project were received at PurLucid Treatment Solutions Inc (PurLucid) facilities in Calgary, Alberta to undergo pilot testing to prepare a rapid lithium extraction unit deployment.

The Francisco project lies 30km south of the Maricunga salt basin (salar), and is accessible via a regional highway and established tracks.

The lease area comprises 12,900 hectares.

Earlier this year, Chilean Lithium Salars Holdings completed a reconnaissance brine sampling at the project. This sampling confirmed the presence of lithium enrichment in the surface brines.

The Laguna Brava salar is geologically prospective for lithium brine, MGX said.

Significant lithium enrichment?

A historical sampling of surface brines indicated significant lithium enrichment. In December 2017, Chilean Lithium undertook a four-hole reconnaissance drilling program at a southern access point of the salar to investigate the deeper aquifer.

The Laguna Escondida project is located roughly 200 kilometres (km) east-northeast of the regional capital and is accessible via a provincial highway to within 10 to 15 km of the project.

Yesterday (Monday), MGX Minerals said preparations were underway to kick off a drilling programme in the next two weeks at the Salinitas lithium project in Argentina.

MGX said that its joint-venture partner A.I.S. Resources (AIS) had received the final geophysics report from Quantec.

That showed two major aquifers had been identified and came after a  20 trench sampling program using a Caterpillar excavator to trench down to 5 metres.

MGX shares are currently at $0.57 each.

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Tue, 09 Oct 2018 09:42:00 -0400 https://ca.proactiveinvestors.com/companies/news/206695/mgx-minerals-finalizes-deal-to-acquire-lithium-brine-projects-in-chile-set-to-drill-at-francisco-206695.html
<![CDATA[News - MGX Minerals set for drill programme at Salinitas lithium project after trenching work ]]> https://ca.proactiveinvestors.com/companies/news/206598/mgx-minerals-set-for-drill-programme-at-salinitas-lithium-project-after-trenching-work-206598.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF)  said preparations were underway to kick off a drilling programme in the next two weeks at the Salinitas lithium project in Argentina.

MGX said that its joint-venture partner A.I.S. Resources (AIS) had received the final geophysics report from Quantec.

READ: MGX Minerals a finalist for the 2018 S&P Global Platts Global Energy awards

That showed two major aquifers had been identified and came after a  20 trench sampling program using a Caterpillar excavator to trench down to 5 metres

The aim of the work was to identify the types of sediments with a specific resistivity close to the surface and identify the porosity of this unit, eg stratigraphic units of green-grey clays, sand, black volcanic sands or brown clays.

The black sands have a porosity of 22-32% plus or minus 3%.

The Salinitas tenements lie in the lithium triangle at the Salar de Salinas Grandes, in the Province of Salta.

The 4,308-hectare contiguous land package resides in the Puna region of northwest Argentina near the border of Chile, an area renowned for its lithium- and potassium-rich brine resources.

READ: MGX Minerals set to deliver first rapid lithium extraction system on October 8

MGX is partnered with AIS and is currently earning an 80% interest in the project by incurring total exploration expenditures of at least US$1.2 million by 31 May 2020 and by making payments totalling US$3.2 million which are primarily due at that time.

With its partner, MGX has developed a rapid lithium extraction technology, which reduces or gets rid of the physical footprint and investment of the process, as well as enhancing the quality of recovery across a complex range of brines.

MGX Minerals shares added 7.55% to $0.57 on Friday.

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Mon, 08 Oct 2018 09:29:00 -0400 https://ca.proactiveinvestors.com/companies/news/206598/mgx-minerals-set-for-drill-programme-at-salinitas-lithium-project-after-trenching-work-206598.html
<![CDATA[News - MGX Minerals a finalist for the 2018 S&P Global Platts Global Energy awards ]]> https://ca.proactiveinvestors.com/companies/news/206506/mgx-minerals-a-finalist-for-the-2018-sp-global-platts-global-energy-awards-206506.html MGX Minerals Inc. (CSE: XMG, OTCQB: MGXMF, FSE: 1MG) shares rose as it told investors it had been nominated in as a finalist in two categories for the 2018 S&P Global Platts Global Energy Awards.

MGX has been chosen as a finalist for the emerging technology and rising star awards.

The finalists were chosen from a pool of more than 200 nominations and across 25 countries.

Winners of the 2018 Global Energy Awards will be announced at a black-tie celebration on 6 December 2018 at the Cipriani - Wall Street in New York City.

MGX and its partner have developed a technology, which rapidly extracts lithium and other elements from oilfield and oilsands wastewater, mine tailings, and natural brine with a clean water by-product. Commercial units are now being deployed and have been designed to be scalable and modular.

MGX shares added 7.55% in Toronto to $0.57.

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Fri, 05 Oct 2018 12:30:00 -0400 https://ca.proactiveinvestors.com/companies/news/206506/mgx-minerals-a-finalist-for-the-2018-sp-global-platts-global-energy-awards-206506.html
<![CDATA[News - MGX Minerals planning to take ZincNyx subsidiary public via IPO ]]> https://ca.proactiveinvestors.com/companies/news/206331/mgx-minerals-planning-to-take-zincnyx-subsidiary-public-via-ipo-206331.html MGX Minerals Inc.(CSE:XMG, OTCQB:MGXMF) updated on plans to spin-out its energy storage subsidiary ZincNyx Energy Solutions Inc.

The prospectus is expected to be filed this month (October) and ZincNyx is now planning on going public by way of an initial public offering (IPO), the company said.

The plan is for it to become a stand-alone company following the spinout by way of a dividend in kind of ZincNyx shares by MGX.

An additional dividend date will be agreed soon and MGX shareholders of record will receive an additional 7% of payment in kind of ZincNyx shares, modifying the total amount whereas 60% of outstanding shares will be owned by MGX and 40% will be paid as a dividend to MGX shareholders.

ZincNyx has developed a modular storage system using zinc and air to store energy in the form of zinc particles and has so far been awarded 20 patents.

It aims to bring energy storage to the mass market and offer lower-cost, long duration batteries capable of simultaneous charge and discharge.

Also in today's announcement, ZincNyx released preliminary data on the product line of its energy storage systems and listed its many potential applications.

Typical examples include:

Firming renewable energy sources such as wind, solar and tidal Enabling optimum operation of diesel generator sets servicing fluctuating loads Replacing diesel generators for emergency backup services Providing long-duration backup for telecommunication sites Smoothing the load presented by vehicle charging systems

MGX Minerals shares shed 1.85% in Toronto to stand at $0.53 each.

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Wed, 03 Oct 2018 14:27:00 -0400 https://ca.proactiveinvestors.com/companies/news/206331/mgx-minerals-planning-to-take-zincnyx-subsidiary-public-via-ipo-206331.html
<![CDATA[News - MGX Minerals set to deliver first rapid lithium extraction system on October 8 ]]> https://ca.proactiveinvestors.com/companies/news/206219/mgx-minerals-set-to-deliver-first-rapid-lithium-extraction-system-on-october-8-206219.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) unveiled a major milestone Tuesday - that it was shipping its first petrolithium and advanced wastewater treatment system on October 8 this year.

MGX, with engineering partner Purlucid, has developed the rapid technology, which reduces costs and enhances the quality of extraction across a complex range of brines.

The first "commercial-scale" 750 barrel per day (bpd) system will be delivered to a centralized treatment and processing facility north of Edmonton and near to the Alberta oilsands.

Installation of the plant will take around three weeks.

MGX noted that 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, MGX said.

MGX shares shed almost 9% to stand at $0.4105 in Toronto.

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Tue, 02 Oct 2018 11:52:00 -0400 https://ca.proactiveinvestors.com/companies/news/206219/mgx-minerals-set-to-deliver-first-rapid-lithium-extraction-system-on-october-8-206219.html
<![CDATA[News - MGX Minerals posts more assays from Kibby basin lithium property ]]> https://ca.proactiveinvestors.com/companies/news/206126/mgx-minerals-posts-more-assays-from-kibby-basin-lithium-property-206126.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF)  posted more lithium assays from joint venture partner Belmont Resources Inc (CVE:BEA) from the Kibby basin property in Nevada.

Today's results come from 25 core samples collected in one drill hole KB-3, at between 1,270 and 1,798 feet. As reported by Belmont, 20 of 25 samples exceeded greater than 100 parts per million (ppm) lithium, with seven samples containing greater than 300 ppm lithium, and the highest sample containing 580 ppm lithium.

READ: MGX Minerals preparing for drilling at Francisco basin lithium project

MGX is currently earning a 50% interest in the project with the goal of forming a 50:50 joint venture to utilize its rapid lithium extraction technology. Kibby basin is located in the western portion of the Great Basin in Nevada. The property covers 2,560 acres located in Esmeralda County.

Clayton Valley lies around 50 km to the south, the location of Abermarle's Silver Peak mine, the only North American lithium producer.

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Mon, 01 Oct 2018 12:57:00 -0400 https://ca.proactiveinvestors.com/companies/news/206126/mgx-minerals-posts-more-assays-from-kibby-basin-lithium-property-206126.html
<![CDATA[News - MGX Minerals preparing for drilling at Francisco basin lithium project ]]> https://ca.proactiveinvestors.com/companies/news/205909/mgx-minerals-preparing-for-drilling-at-francisco-basin-lithium-project-205909.html Energy metals group MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) is set for a drill program at its Francisco Basin lithium project in Chile after it received notice from the relevant state agency that it will be approved.

As revealed last month, MGX entered a memorandum of understanding to acquire a 50% of Chilean Lithium Salars SpA, which holds the three prospective sites - one of them being Francisco basin - the largest of the three.

MGX also told investors it had received a positive response from the environmental assessment service (SEA) and does not expect that an environmental impact assessment will be required to carry out these exploration activities.

Potential

The project area comprises 12,900 hectares and brine sampling in January this year confirmed the presence of lithium enrichment in surface brines.

An electromagnetic geophysical survey was completed in April this year and results indicated strong potential for the presence of two highly conductive brines zones where significant thickness and horizontal coverage may exist.

In May this year,  additional samples were taken near the southern shore of the surface and sent to the lab.

The other two projects from Chilean Lithium Salars SpA (CLS) are the Laguna Brava and Laguna Escondida projects.

MGX, with engineering partner Purlucid, has developed a rapid extraction technology, which reduces costs and enhances the quality of extraction across a complex range of brines.

MGX shares were unchanged at $0.67.

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Thu, 27 Sep 2018 13:42:00 -0400 https://ca.proactiveinvestors.com/companies/news/205909/mgx-minerals-preparing-for-drilling-at-francisco-basin-lithium-project-205909.html
<![CDATA[News - MGX Minerals Inc's ZincNyx subsidiary continues to advance next generation fuel cells ]]> https://ca.proactiveinvestors.com/companies/news/205441/mgx-minerals-inc-s-zincnyx-subsidiary-continues-to-advance-next-generation-fuel-cells-205441.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) updated on the progress of its energy storage subsidiary ZincNyx Energy Solutions as it advances the next generation of fuel cell battery.

ZincNyx has developed a modular storage system using zinc and air to store energy, which has none of the traditionally high-cost battery commodities such as lithium, vanadium or cobalt.

It has now commissioned particle sizing equipment as part of final preparations to begin manufacturing cathodes for the batteries, MGX said.

The immediatee aim is to decrease cathode manufacturing costs by at least 50%and ultimately reduce costs by more than 90% to achieve a manufactured cost of less than US$10 per cathode.

ZincNyx's technology uses a fuel tank system that offers flexible energy/power ratios and scalability.

Storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel.

MCX shares eased 2.78% to C$0.70 each.

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Fri, 21 Sep 2018 08:38:00 -0400 https://ca.proactiveinvestors.com/companies/news/205441/mgx-minerals-inc-s-zincnyx-subsidiary-continues-to-advance-next-generation-fuel-cells-205441.html
<![CDATA[News - MGX Minerals set for 65.4 sq m 3D sesimic survey at Blueberry unit at Paradox project ]]> https://ca.proactiveinvestors.com/companies/news/205048/mgx-minerals-set-for-654-sq-m-3d-sesimic-survey-at-blueberry-unit-at-paradox-project-205048.html MGX Minerals Inc.(CSE:XMG, OTCQB:MGXMF) updated on its Paradox Basin petrolithium project in Utah, where its partner has been given the green light for a 65.4 square miles 3D seismic survey over the Blueberry unit.

MGX says it plans to start the 3D  survey shortly.

The Blueberry Unit (oil, gas and lithium) and Lisbon Valley claims (lithium) consist of around 115,000 acres of oil and gas leases and 118,000 acres of largely overlying and contiguous mineral claims.

READ: MGX Minerals receives assays up to 580ppm lithium from first hole at Kibby basin project

Paradox is being simultaneously explored for oil, gas, lithium and other brine materials to work out where MGX should deploy its ground-breaking lithium and mineral extraction technology.

MGX is currently earning a 75% working interest in the Blueberry unit, with the remaining interest mainly controlled by the partner - a private Utah firm.

The seismic survey referred to above will include 9,062 source points and comprise 6,354 vibrator points, 841 buggy drill points and 1,867 Heli points. 

MGX shares are down 1.32% in Toronto at C$0.75.

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Mon, 17 Sep 2018 11:20:00 -0400 https://ca.proactiveinvestors.com/companies/news/205048/mgx-minerals-set-for-654-sq-m-3d-sesimic-survey-at-blueberry-unit-at-paradox-project-205048.html