Worth some few billions of dollars today, the new energy sector is still small compared to the traditional fossil fuel energy economy worth many trillions of dollars. So acquisitions in the new energy space are a great investment as the transition over the next years from traditional energy to new energy will favor such investments which MGX Minerals Inc. continues to pursue.
Today, MGX announced the increase of its stake in engineering partner PurLucid Treatment Solutions Inc. to 51%. MGX has now effectively gained majority control over this private company. MGX maintains the right to acquire 100% of PurLucid through successive future investments. The additional 5% ownership interest that MGX exercised today from existing shareholders was made in exchange for 1 million MGX shares.
Today´s news may also indicate that major news are ahead of us, such as deployment of the first water treatment and rapid lithium extraction systems along with initial key financial figures of economic efficiency. Since announcing an acquisition and engineering partnership agreement in September 2016, MGX and PurLucid have invented new technology and filed patent applications related to brine treatment and selective lithium recovery. PurLucid’s licensed nanoflotation technology, which purifies wastewater brine, has since been integrated with a newly developed lithium recovery process. MGX holds the global rights to the jointly developed lithium extraction technology. MGX and Purlucid are now commissioning the first 750 barrel per day system, with flow testing expected to be completed shortly.
PurLucid’s exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. 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. Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more at www.purlucid.com.
PurLucid broadcasting on US television
On February 18, a fairly well-known and popular US show by the name of "Earth" will air an episode about PurLucid on FOX BUSINESS TV, later also likely to be repeated on TV channels such as NBC, Discovery Channel, History Channel, TLC and Lifetime, whereas it may also be available in the in-flight entertainment systems of American Airlines and United. See the episode with PurLucid already with below video:
Six time Emmy award winner and former NBC News Correspondent, John Holden, takes our audience around the globe on our constant search to make our planet and its inhabitants, healthier, better and stronger! The show takes an in-depth look at innovative solutions, ideas and technologies currently being used, developed or researched around the globe. Each episode focuses on the movers & shakers who are striving to make the right choices promoting the health of the world we live in. From breakthroughs in Renewable Energy….to feeding Earth’s population….to Healthcare Solutions… to Environmentally Conscious Leaders Making a Difference…. each episode focuses on how today’s decisions are affecting Earth now and for our future generations. Shot on 4k in a magazine style format, “Earth” is an entertaining, in depth and informative exploration into a better world! Tune in to this “Earth correct” magazine style show that is taking the lead for a better future. See also here.
MGX Sponsoring the World Economic Forum in Davos
On Monday, it was announced that MGX has been selected as the Exclusive Digital Sponsor of the World Economic Forum 2018. This globally recognized and lauded event will be taking place January 23 - January 26, 2018 in Davos-Klosters, Switzerland. By “Fueling Tomorrow’s Energy Economy, Today”, MGX Minerals’ mission speaks to one of the most impactful System Initiatives this year; Shaping the Future of Energy. And with this year’s overall theme of ‘Creating a Shared Future in a Fractured World’, the synergy with MGX couldn’t be more apropos. Through determination, innovation, and disruptive acquisitions, MGX Minerals ensures economic prosperity, environmental stewardship and social responsibility for all stakeholders involved. With more than 800,000 hectares across North America in prospective lithium, magnesium, and other elements, MGX is seeking to expand its portfolio of projects to the lithium triangle while testing new technologies to process brines. One hundred times faster than traditional methods, and at low cost, their patented lithium extraction technology replaces solar evaporation. “With strong leadership, qualified personnel, and continuous innovations, the possibilities for our sustainable future are endless”, says MGX President and CEO Jared Lazerson. Tune in for coverage of the World Economic Forum Annual Meeting exclusively on Fox Business with digital sponsorship by MGX Minerals.
Example of the ads run on FOX TV in the United States:
MGX Assembles Dream Team For California Lithium Strategy
Geothermal activity at the Lassen Volcanic National Park in California.
On Tuesday, MGX Minerals Inc. appointed Randall W. Keller as Vice President of Business Development, who previously worked as Director of Business Development, Transmission & Land Assets for Berkshire Hathaway Energy Renewables, a company controlled by American multinational conglomerate holding company Berkshire Hathaway Inc. and known for its leadership by Warren Buffett. Read the full article here.
MGX Minerals Inc.
#303 - 1080 Howe Street
Vancouver, BC, Canada V6C 2T1
Phone: +1 604 681 7735
Shares Issued & Outstanding: 93,509,760
Canadian Symbol (CSE): XMG
Current Price: $1.68 CAD (01/24/2018)
Market Capitalization: $157 Million CAD
German Symbol / WKN (Tradegate): 1MG / A12E3P
Current Price: €1.105 EUR (01/24/2018)
Market Capitalization: €103 Million EUR
Report #39 “MGX Assembles Dream Team For California Lithium Strategy“
Report #38 “MGX: The Next GreenTech Energy Giant“
Report #37 “MGX Partners with Highbury Energy to make Petroleum Coke more Clean“
Report #36 “Technological Breakthrough in the Mass Energy Storage Industry“
Report #35 “Eureka! MGX Starts Developing Silica Projects after Acquisition of Mass Storage Battery Technology“
Report #34 “MGX Going Big on Petrolithium: The first large-scale integrated petroleum and lithium project ever developed“
Report #33 “Driving into the Realms of Tesla & Co: MGX Acquires Mass Storage Battery Technology from Teck Resources“
Report #32 “Backed by Private and Institutional Heavyweights: MGX cashes up for Lithium Extraction and Exploration“
Report #31 “MGX Revolutionizes the Lithium World - Commissions First Rapid Lithium Extraction System“
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.