It‘s history in the making for MGX Minerals Inc. today announcing the partial commissioning of its first commercial-scale lithium recovery system called NFLi5 at its new manufacturing facility in Calgary, Alberta.
The pre-treatment nanoflotation and nanofiltration system is now operational with all electrical, control and pump systems in the first two stages of the process operational under constant flow. Additional mineral extraction nanofiltration components are expected to be brought online sequentially over the upcoming weeks and the system will be ready for deployment in early Q1 2018 under full capacity of 750 barrels (120 cubic meters) of brine per day.
The system utilizes patented nanoflotation technology to purify wastewater or natural brine while extracting lithium and other minerals using the patent-pending rapid mineral recovery process jointly developed by MGX and PurLucid and exclusively licensed globally to MGX.
It was also announced in today´s press-release that MGX is testing numerous bulk samples from sites throughout North America. Most recently, a sample with originally 600 mg/L lithium was successfully concentrated to 3,300 mg/L in a first step, whereafter a lithium chloride concentrate with 19,900 mg/L was produced with undetectable levels of magnesium. This sample is being shipped for off-take evaluation, so I expect news shortly.
Additionally, brine samples from 2 Petrolithium projects in Alberta were successfully processed through the Li-1 Pilot Plant system. A contract with the oilfield operator has already been signed with negotiations underway with the other. The executed contract is based on a per cubic meter processing fee valued up to $2 million CAD annually of wastewater processing revenue in addition to any value from lithium and other minerals extracted. MGX plans to equip dozens of producing oil and gas sites in North America with its in-house commissioned systems .
MGX is revolutionizing the lithium world as we know it. With the commissioning of the first commercial-scale system the emerging lithium producer has set the course for the generation of income in early Q1 2018 and to install numerous of such systems across North America.
While traditional lithium extraction via solar evaporation or hard-rock leaching has a negative aftertase in regards of the environment, MGX is setting itself clearly apart. Its innovative technology has a double environmental benefit: Firstly, it produces clean water from dirty/toxic and brackish wastewaters from oil and gas producers which normally must dispose such at high costs. Secondly, valuable minerals, especially lithium for "green" electric vehicles, are extracted with an environmentally friendly method.
This truly environmental friendliness is the core of the paradigm shift in the lithium world that MGX is capitalizing on as the company has developed an industrial process that has a net environmental benefit. Environmentally speaking, this is truly revolutionary in industrial mineral processing.
MGX Minerals Inc.
#303 - 1080 Howe Street
Vancouver, BC, Canada V6C 2T1
Phone: +1 604 681 7735
Shares Issued & Outstanding: 77,782,417
Canadian Symbol (CSE): XMG
Current Price: $0,91 CAD (12/05/2017)
Market Capitalization: $71 Million CAD
German Symbol / WKN (Frankfurt): 1MG / A12E3P
Current Price: €0.60 EUR (12/06/2017)
Market Capitalization: €47 Million EUR
Report #30 “Full Steam Ahead: MGX Engages Senator Polanco (Ret.) to Head California Lithium Brine Strategy“
Report #29 “MGX to Target Geothermal Market for Extraction of Lithium and Gold“
Report #28 “MGX Minerals Commences Development of the World‘s First Petrolithium Field“
Report #27 “Canadian Government Backs MGX Minerals‘ Petrolithium Cleantech“
Report #26 “MGX Minerals Solves the Magnesium Problem of the Lithium Industry“
Report #25 “Hard-Rock Lithium Exposure for MGX“
Report #24 “One of the Largest Initial Oil Estimates in US History“
Report #23 “MGX starts Petrolithium pilot plant to deliver hard facts for strategic partners“
Report #22 “Time to bet: Sprott takes a position in MGX“
Report #21 “Petrolithium: First Come First Served“
Report #20 “Successful Independent Verification of the MGX Lithium Extraction Technology“
Report #19 “MGX to Drill the World‘s First PetroLithium Well in Utah“
Report #18 “MGX Reports Upgrading of Lithium Brine from 67 to 1600 ppm Lithium“
Report #17 “MGX technology nominated for prestigious Katerva Award, the Nobel Prize of Sustainability“
Report #16 “Unconventional oil play legend Marc Bruner to take MGX and PetroLithium to the next level“
Report #15 “Total Conviction: MGX forms PetroLithium Corp. to expand into the US oilfield brine markets“
Report #14: “MGX Extracts Lithium from Oil Wastewater - Begins Monumental Integration with Big Oil“
Report #13 "MGX Partners with Oil Major on Lithium Brine, New Energy Industry Facing Fundamental Shift“
Report #12 "Game Changing Potential: MGX Minerals‘ Pilot Plant for Rapid Production of Lithium Nears Completion“
Report #11 "MGX assays 34 g/t gold from surface sampling in British Columbia“
Report #10 “Official: MGX owns magnesium worth multi-billions of dollars and starts pilot plant shortly“
Report #9 “One of the world‘s largest lithium resources on the horizon?“
Report #8 “Ready for significant lithium brine work in Alberta“
Report #7 “At the forefront of Alberta‘s lithium brine riches“
Report #6 “Pioneering Lithium in Alberta: MGX Minerals Teams Up“
Report #5 “Time to Put a Lithium Production Process in Place“
Report #4 “MGX Minerals Taps Into Canada‘s Potentially Largest High-Grade Lithium Resources“
Report #3 “MGX Minerals Receives Mining Lease for 20 years (in British Columbia!)“
Report #2 “MGX Minerals Accelerates Towards Production“
Report #1 “MGX Minerals Plans To Enter The Magnesium Market“
Disclaimer: Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. The author hold a long position in MGX Minerals Inc. and is being paid a monthly retainer from Zimtu Capital Corp., which company also holds a long position in MGX Minerals Inc.