MGX Minerals: Engineering Partner PurLucid Treatment Solutions
Announces Patent Filing and Exclusive License for Low Energy
Process for Rapid Extraction of Lithium and Other Minerals from Oil
Wastewater
VANCOUVER, BRITISH COLUMBIA / July 6, 2017 / MGX Minerals Inc. (MGX or the
Company) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to report
that engineering partner PurLucid Treatment Solutions Inc.
(PurLucid) has filed a new provisional patent related to the
recovery of metals and minerals from produced wastewater brine in
the oil and gas industry. Patent rights have been exclusively
granted to MGX for the life of the patent and focus on
concentrating metals and minerals such as lithium, magnesium and
boron from produced oilfield brines.
The new patent directly complements the Companys other
provisional patent, which purifies wastewater brine through an
added evaporation cycle. Combined, this Cleantech process positions
the Company to provide flexible and fully integrated oilfield
solutions to oil and gas operators. Pre-commercial test pilot
plants are currently being manufactured and engineering is underway
for a 1,200-cubic meter per day commercial plant to target metal
and mineral extraction as well as water reuse and re-purpose
applications.
The invention relates to recovery of metals and minerals from
produced or wastewaters from the hydrocarbon industry. These waters
are produced in large volumes annually throughout the hydrocarbon
industry, are a considerable logistical and environmental liability
for the companies producing them, and according to the claims
herein, can be treated making some portion of the water reusable
while also extracting metals and minerals during the treatment
process.
Aspects of the invention provide systems and methods for the
treatment of waters produced by the hydrocarbon industry that
allows recovery of water, metals and minerals as practical
resources. The system for treatment and metal and minerals recovery
may be incorporated into an industrial water treatment system or
stand alone as a complete system.
Qualified Person
The technical portions of this press release were prepared and
reviewed by Andris Kikauka (P. Geo.), Vice President of Exploration
for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person
within the meaning of National Instrument (N.I.) 43-101
Standards.
MGX may decide to advance its petrolithium projects into
production without first establishing mineral resources supported
by an independent technical report or completing a feasibility
study. A production decision without the benefit of a technical
report independently establishing mineral resources or reserves and
any feasibility study demonstrating economic and technical
viability creates increased uncertainty and heightens economic and
technical risks of failure. Historically, such projects have a much
higher risk of economic or technical failure.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with
interests in petrolithium, magnesium and silicon assets throughout
North America. Learn more at www.mgxminerals.com.
Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking information or
forward-looking statements including the completion of the rights
offering (collectively "forward-looking information") within the
meaning of applicable securities laws. Forward-looking information
is typically identified by words such as: "believe", "expect",
"anticipate", "intend", "estimate", "potentially" and similar
expressions, or are those, which, by their nature, refer to future
events. The Company cautions investors that any forward-looking
information provided by the Company is not a guarantee of future
results or performance, and that actual results may differ
materially from those in forward-looking information as a result of
various factors. The reader is referred to the Company's public
filings for a more complete discussion of such risk factors and
their potential effects which may be accessed through the Company's
profile on SEDAR at www.sedar.com.