Proactiveinvestors USA & Canada MGX Minerals Inc. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada MGX Minerals Inc. RSS feed en Wed, 19 Jun 2019 17:54:33 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - MGX Renewables feels their zinc air battery technology will be a game changer ]]> https://www.proactiveinvestors.com/companies/stocktube/13718/mgx-renewables-feels-their-zinc-air-battery-technology-will-be-a-game-changer-13718.html Fri, 14 Jun 2019 07:15:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13718/mgx-renewables-feels-their-zinc-air-battery-technology-will-be-a-game-changer-13718.html <![CDATA[Media files - MGX Minerals/Renewables agrees to joint venture with Eureka Resources ]]> https://www.proactiveinvestors.com/companies/stocktube/13719/mgx-mineralsrenewables-agrees-to-joint-venture-with-eureka-resources-13719.html Wed, 12 Jun 2019 16:40:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13719/mgx-mineralsrenewables-agrees-to-joint-venture-with-eureka-resources-13719.html <![CDATA[News - MGX Minerals inks deal to install world's first commercial rapid petrolithium recovery system in Pennsylvania ]]> https://www.proactiveinvestors.com/companies/news/221788/mgx-minerals-inks-deal-to-install-world-s-first-commercial-rapid-petrolithium-recovery-system-in-pennsylvania-221788.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) continues to make progress with its petrolithium technology and announced Monday a joint venture to install the world's first commercial rapid recovery system in Pennsylvania, earmarked for the third quarter this year.

The agreement has been inked with Eureka Resources, which runs the Standing Stone facility in the state, where it treats raw oil and gas brines with advanced wastewater technology.

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

READ: MGX Minerals installs second oil wastewater treatment system in Alberta

Notably, the  technology was awarded a base and specialty metals industry leadership award at the 2018 Platts global metals awards.

Eureka has reported post-concentration lithium values in the range of 1,000 ppm (parts per million), which have been verified by MGX from produced water from within the Marcellus shale oil beds.

In a statement, MGX said that as well as the initial system installation, the joint venture is set to also  focus on growing lithium output and deploying additional rapid recovery systems throughout the Marcellus and Utica shales.

This will include scaling up lithium output at Standing Stone, deploying additional systems to other Eureka facilities, and identifying new installation sites at third-party facilities.

Exclusive rights

Eureka will have exclusive rights to develop all joint venture relationships within the Marcellus and Utica shall formations for five years initially. Both parties will have mutual discretion to further extend the venture for up to four additional years.

In terms of the financial side, MGX will initially receive a disproportionate share of gross revenue until its petrolithium unit capital costs are recovered. 

Meanwhile, Eureka will obtain and manage all necessary environmental permits related to each system installation as well as day-to-day operational duties.

MGX will make and install each system, market the petrolithium, and provide ongoing system maintenance.

MGX shares in Canada shot up almost 19% to $0.26. In New York, they added over 19% to US$0.20.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Mon, 10 Jun 2019 07:26:00 -0400 https://www.proactiveinvestors.com/companies/news/221788/mgx-minerals-inks-deal-to-install-world-s-first-commercial-rapid-petrolithium-recovery-system-in-pennsylvania-221788.html
<![CDATA[News - MGX Minerals installs second oil wastewater treatment system in Alberta ]]> https://www.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://www.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://www.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://www.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://www.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://www.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://www.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://www.proactiveinvestors.com/companies/stocktube/13107/mgx-renewables-sees-a-path-forward-with-silicon-and-electric-vehicles-13107.html <![CDATA[News - MGX Minerals set to take its lithium extraction tech to the shale plays of eastern USA ]]> https://www.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://www.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://www.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://www.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://www.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://www.proactiveinvestors.com/companies/news/214194/mgx-minerals-soon-to-commission-second-advanced-wastewater-treatment-system-214194.html
<![CDATA[Media files - MGX Minerals sees great potential from three parts of the company ]]> https://www.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://www.proactiveinvestors.com/companies/stocktube/11441/mgx-minerals-sees-great-potential-from-three-parts-of-the-company-11441.html <![CDATA[Media files - MGX Minerals is a diversified company that is about to turn revenue positive ]]> https://www.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://www.proactiveinvestors.com/companies/stocktube/11159/mgx-minerals-is-a-diversified-company-that-is-about-to-turn-revenue-positive-11159.html <![CDATA[News - MGX Minerals set to team up with tech group Braingrid to help cannabis growers save energy ]]> https://www.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://www.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 and Belmont complete drilling first hole at mine project in Nevada ]]> https://www.proactiveinvestors.com/companies/news/203626/mgx-minerals-and-belmont-complete-drilling-first-hole-at-mine-project-in-nevada-203626.html MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) and Belmont Resources Inc (TSX-V:BEA) reported they have completed drilling the first hole of their 2018 drilling program at Kibby Basin in Nevada.

Assay results for lithium and other elements will be compiled once testing is complete, the two companies said in a joint statement. The borehole targeted the southern portion which may represent saturated sediments containing lithium brine.

A down-hole geophysical survey will be conducted on the hole to identify permeable aquifer zones and brine zones. Water samples will be assayed for lithium, other elements and for its physical properties. Sections of drill core from 1270 to 1798 feet will be split and similarly assayed.

READ: MGX Minerals now finished with electromagnetic survey at Salinitas lithium project

MGX is partnered with Belmont Resources on the property. The goal is to form a 50/50 joint venture to use MGX’s 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, Nevada. 

MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. 

Belmont Resources is an emerging resources company engaged in the acquisition, exploration and development of mineral properties in Canada and United States.

Both companies are based in Vancouver, Canada.

 

 

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Mon, 27 Aug 2018 08:49:00 -0400 https://www.proactiveinvestors.com/companies/news/203626/mgx-minerals-and-belmont-complete-drilling-first-hole-at-mine-project-in-nevada-203626.html
<![CDATA[News - MGX Minerals now finished with electromagnetic survey at Salinitas lithium project ]]> https://www.proactiveinvestors.com/companies/news/202758/mgx-minerals-now-finished-with-electromagnetic-survey-at-salinitas-lithium-project-202758.html MGX Minerals Inc (CNSX:XMG, OTCQB:MGXMF) told investors Monday it had completed its previously announced electromagnetic survey at its Salinitas lithium brine project in northwest Argentina.

The 4,308 hectare contiguous land package lies in an area renowned for its lithium- and potassium-rich brine resources.

The survey was conducted across 52 stations at 500-metre gaps totalling  around  26 km. Interpretation of the data is expected to begin shortly.

MGX is now readying to carry out trenching as well as an auger drilling program to test for shallow, near-surface brines in preparation to define drill targets.

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

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Mon, 13 Aug 2018 08:19:00 -0400 https://www.proactiveinvestors.com/companies/news/202758/mgx-minerals-now-finished-with-electromagnetic-survey-at-salinitas-lithium-project-202758.html
<![CDATA[News - MGX Minerals says drillbits now turning at Kibby Basin ]]> https://www.proactiveinvestors.com/companies/news/202114/mgx-minerals-says-drillbits-now-turning-at-kibby-basin-202114.html Energy metals firm MGX Minerals Inc.(CSE:XMG, OTCQB: MGXMF) said drilling had now started at the Kibby Basin lithium brine property in Nevada.

Contractor Harris is carrying out the work, which MGX said, has extensive experience drilling Clayton Valley lithium brines.

The renowned Clayton Valley area is the home of Abermarle's Silver Peak mine, the only US lithium producing mine, which lies just 50km south of the Kibby basin.

As previously reported, Harris will use a rotary drill to complete the holes on targets generated based on results from a geophysical survey completed in January.

The proposed holes are designed to test a large conductor, which may represent aquifers containing lithium brines.

The holes have been designed to intercept the anomaly starting at depths of 325 m (1065 ft) and continue to as deep as 760 m (2500 ft).

Project partner

MGX is partnered on the project with Belmont Resources (CVE: BEA) and is currently earning a 50% interest for the purpose of forming a 50:50 joint venture, using MGX's rapid lithium extraction technology.

The Kibby Basin project covers 2,560 acres in Esmeralda County, Nevada. It is a dry playa with no springs or water sources.

The target area is a large well-defined anomaly discovered by a survey by Belmont in January this year.

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

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

MGX Minerals shares advanced nearly 9%  to C$0.85 in Toronto.

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Thu, 02 Aug 2018 08:25:00 -0400 https://www.proactiveinvestors.com/companies/news/202114/mgx-minerals-says-drillbits-now-turning-at-kibby-basin-202114.html
<![CDATA[News - MGX Minerals hires hatch to review its rapid lithium extraction technology ]]> https://www.proactiveinvestors.com/companies/news/202032/mgx-minerals-hires-hatch-to-review-its-rapid-lithium-extraction-technology-202032.html Energy metals group MGX Minerals Inc. (CSE:XMG, OTCQB: MGXMF) said it had hired engineer Hatch to advise it on the scaling up of its rapid lithium extraction technology in the western USA.

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

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

The Hatch work will include a comprehensive review of the technology, including flow systematics, processes and more to establish confidence in its scaling up.

The engineer will also provide high-level project engineering scope and a timeline for the buildout.

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Wed, 01 Aug 2018 11:19:00 -0400 https://www.proactiveinvestors.com/companies/news/202032/mgx-minerals-hires-hatch-to-review-its-rapid-lithium-extraction-technology-202032.html
<![CDATA[News - MGX Minerals says lithium bench testing underway on Case Lake bulk sample ]]> https://www.proactiveinvestors.com/companies/news/201941/mgx-minerals-says-lithium-bench-testing-underway-on-case-lake-bulk-sample-201941.html Energy metals group MGX Minerals Inc (CSE:XMG, OTCQB: MGXMF) has anounced another lithium milestone -  the start of bench testing of a 10kg bulk sample, which hails from its Case Lake lithium project in Ontario.

MGX has a 20% working interest in five lithium properties in Ontario, including Case Lake,  which is controlled by Power Metals.

READ THE BIG PIC: MGX Minerals primed for tomorrow's energy revolution with irons in many fires

The aim of the bench testing, which is being carried out by Orion Laboratories and Light Metals International Inc (LMI), is to extract lithium compounds and achieve a 95% pure spodumene concentrate.

Previous work by Orion and LMI has shown that this is achievable.

MGX, Orion and LMI are together jointly developing and working to commercialize a new process for extracting hard-rock lithium.

This technique is modular and highly scalable and has the potential to significantly decrease hard-rock lithium production costs, noted MGX.

MGX has agreed to acquire an initial 50% interest in the technology and associated intellectual property (IP) for an initial cash payment of US$250,000 and 100,000 MGX shares.

Initial proceeds will be used to complete bench-scale laboratory testing of the technology.

READ: MGX Minerals identifies high grade lithium at Paterson Lake; set for geophysical survey at Salinitas lithium project

Upon successful completion of lab testing, MGX has agreed to issue a further 250,000  shares.

The company could then fund development of a modular manufacturing plant, and upon development and testing of that plant, MGX will have the option to issue a further 500,000 shares to LMI.

Then, a joint venture will be formed with MGX holding a 70% interest and LMI a 30% interest.

MGX will have the option to buy a 100% interest in the joint venture at any time for C$10 million.

Shares are unchanged in Toronto at C$0.87.

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Tue, 31 Jul 2018 10:02:00 -0400 https://www.proactiveinvestors.com/companies/news/201941/mgx-minerals-says-lithium-bench-testing-underway-on-case-lake-bulk-sample-201941.html
<![CDATA[News - MGX Minerals poised for drillbits turning at Kibby Basin lithium brine project, Nevada ]]> https://www.proactiveinvestors.com/companies/news/201662/mgx-minerals-poised-for-drillbits-turning-at-kibby-basin-lithium-brine-project-nevada-201662.html Energy metals firm MGX Minerals Inc.(CSE:XMG, OTCQB: MGXMF) had more lithium-related news today - telling investors it was set for drilling at the Kibby Basin lithium brine property in Nevada.

It has hired contractor Harris Exploration for the work, which will use a rotary drill to complete the holes on targets generated based on results from a geophysical survey completed in January.

The proposed holes are designed to test a large conductor, which may represent aquifers containing lithium brines.

The holes have been designed to intercept the anomaly starting at depths of 325 m (1065 ft) and continue to as deep as 760 m (2500 ft).

MGX is partnered on the project with Belmont Resources (CVE: BEA) and is currently earning a 50% interest for the purpose of forming a 50:50 joint venture, using MGX's rapid lithium extraction technology.

The Kibby Basin project covers 2,560 acres in Esmeralda County, Nevada. It is a dry playa with no springs or water sources.

Geologic research has shown that rhyolitic flows and tuffs surrounding the basin could be a potential source of lithium brine in the Kibby Basis Playa.

The target area is a large well-defined anomaly discovered by a survey by Belmont in January this year.

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

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

Only yesterday, MGX revealed it was set to acquire 80% of the Salinitas lithium project in Argentina.

It struck an option agreement with A.I.S. Resources Ltd over the claims, which lies in the lithium triangle of the  Puna region at the Salar de Salinas Grandes in the province of Salta.

The 4,308-hectare contiguous land package lies in an area renowned for its lithium- and potassium-rich brine resources.

Shares shed 2.25% to C$0.87.

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Thu, 26 Jul 2018 09:25:00 -0400 https://www.proactiveinvestors.com/companies/news/201662/mgx-minerals-poised-for-drillbits-turning-at-kibby-basin-lithium-brine-project-nevada-201662.html
<![CDATA[News - MGX Minerals poised to buy 80% of Salinitas lithium brine project in Argentina ]]> https://www.proactiveinvestors.com/companies/news/201567/mgx-minerals-poised-to-buy-80-of-salinitas-lithium-brine-project-in-argentina-201567.html Energy metals firm MGX Minerals Inc (CSE:XMG, OTCQB: MGXMF) is set to acquire 80% of the Salinitas lithium project in Argentina.

It has struck an option agreement with A.I.S. Resources Ltd over the claims, which lies in the lithium triangle of the  Puna region at the Salar de Salinas Grandes in the province of Salta.

The 4,308 hectare contiguous land package lies in an area renowned for its lithium- and potassium-rich brine resources.

MGX plans to conduct a transient electromagnetic method (TEM) geophysical study at the project, as well as trenching, which will be followed by drilling along the edge of the salar, to test for shallow, near-surface brines and determine locations with concentrations of lithium.

MGX will pay  US$250,000 on or before July 31 to acquire an undivided 80% in the project at any time during the agreement by making payments totalling US$3.2mln.

MGX must incur total expenditures of at least US$1.2mln before May 31, 2020.

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

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

Shares added 3.41% to stand at C$0.91 each.

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Wed, 25 Jul 2018 09:28:00 -0400 https://www.proactiveinvestors.com/companies/news/201567/mgx-minerals-poised-to-buy-80-of-salinitas-lithium-brine-project-in-argentina-201567.html
<![CDATA[News - MGX Minerals completes summer drilling at Koot silicon project; resource estimate eyed ]]> https://www.proactiveinvestors.com/companies/news/201155/mgx-minerals-completes-summer-drilling-at-koot-silicon-project-resource-estimate-eyed-201155.html Energy metals firm  MGX Minerals Inc (CSE:XMG, OTCQB: MGXMF) has completed its summer drill program at the Koot silicon project in British Columbia ahead of a potential resource estimate.

A total of 782 meters (2,565 feet) of diamond drilling was completed across ten holes and core has been sent to the lab.

MGX noted it was also planning work at its two nearby silicon properties, also with a view to defining an NI 43 101 resource.

Previous exploration by COMINCO during the 1980s outlined a mineralized zone spanning approximately 400 meters consisting of high-purity silicon dioxide (SiO2), the firm noted.

Metallurgy is also underway at Dofner ANZAPLAN, a leading silicon metal metallurgy and process engineering firm.

The process design for testing is complete and now physical material is  being analyzed.

The purpose of this metallurgical work is to generate standard silicon metal (95-96% Si) and potentially solar grade silicon metal (99.9999%) process design options for feedstock from the firm's silicon projects.

One of the primary uses of silicon metal is in solar panels. Solar panels are a cornerstone to remote and distributed energy solutions

The global solar energy industry is expected to reach an eye-watering US$422bn by 2022 according to Allied Market Research, with a compounded annual growth rate (CAGR) of 24.2% between 2016 and 2022.

Meanwhile, the adoption of grid storage is projected to increase exponentially over the next decade and development of photovoltaic (PV) storage systems is seen as an essential driver to replace existing conventional sources.

MGX has invested in low cost mass energy storage systems through the acquisition of ZincNyx Energy Solutions in December last year.

Today silicon and yesterday it was magnesium as MGX updated on the Driftwood Creek magnesium project in British Columbia, where it has now completed a geotechnical drill program.

The work was aimed to establish pit wall stability and assess static pressure of groundwater, the firm said.

An earlier positive PEA (preliminary economic assessment) on the project has shown a pre-tax NPV (net present value) at 5% discount of C$529.8mln with an IRR (internal rate of return) of 24.5% with a 3.5-year payback.

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Thu, 19 Jul 2018 09:11:00 -0400 https://www.proactiveinvestors.com/companies/news/201155/mgx-minerals-completes-summer-drilling-at-koot-silicon-project-resource-estimate-eyed-201155.html
<![CDATA[News - MGX Minerals says latest Driftwood drilling shows potential to expand mineralisation ]]> https://www.proactiveinvestors.com/companies/news/201058/mgx-minerals-says-latest-driftwood-drilling-shows-potential-to-expand-mineralisation-201058.html MGX Minerals Inc.(CSE:XMG, OTCQB:MGXMF) has updated on its Driftwood Creek magnesium project in British Columbia, saying it had now completed a geotechnical drill programme, which shows the mineralisation could be expanded.

The work was aimed to establish pit wall stability and assess static pressure of groundwater, the firm said.

An earlier positive PEA (preliminary economic assessment) on the project has shown a pre-tax NPV (net present value) at 5% discount of C$529.8mln with an IRR (internal rate of return) of 24.5% with a 3.5-year payback.

Highlights of the latest drilling include 87m at 41.3% magnesium oxide in one hole and 43.3% in a 37.1m interval in another.

Considerable potential

MGX noted that based on these assays, the East Zone had 'considerable' potential to expand the magnesite mineral zone to the east and north, while the west zone has potential to contain additional magnesite with high silica-low calcium content in the north.

Based on the grade and interval of magnesite mineralization, these results will also be used to potentially further target holes, the company added.

Last week, MGX told investors it had hired engineer Hatch Ltd to conduct a review and multi-phased work program at the site, aiming to prepare Driftwood now for an NI 43-101 pre-feasibility study for the site.

Magnesium oxide, or magnesia, is a widely used industrial mineral that comes in various forms. End uses include fertilizer, animal feed, and environmental water treatment as well as industrial applications, mainly in the steel industry.

 

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Wed, 18 Jul 2018 08:44:00 -0400 https://www.proactiveinvestors.com/companies/news/201058/mgx-minerals-says-latest-driftwood-drilling-shows-potential-to-expand-mineralisation-201058.html
<![CDATA[News - MGX Minerals and partner Highbury Energy start researching gasification of petcoke ]]> https://www.proactiveinvestors.com/companies/news/200694/mgx-minerals-and-partner-highbury-energy-start-researching-gasification-of-petcoke-200694.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) updated further on its petcoke collaboration with Highbury Energy Inc.

As reported in January this year, Highbury's work included  preparing a detailed process to extract metals like nickel, vanadium, and cobalt from petroleum coke, or petcoke, which is a by-product from the oil and gas industry.

To date, work has been focused on the extraction of these metals.

But now the pair has announced expanded research and development (R&D) on the re-processing of petcoke waste product to a synthetic crude oil.

"The goal is to produce a fuel which can seamlessly integrate into existing refinery operations," it said.

"This represents a potential long-term use for the large existing stockpiles of petcoke as well as ongoing output of petcoke and other waste products without significant changes to the existing refinery infrastructure."

Petcoke is a by-product of the oil and gas industry that forms during the refining process. As refineries have become more efficient at processing extra heavy crude oils (bitumen) over the last two decades, global output of Petcoke has risen significantly.

The province of Alberta in Canada is known to host vast stockpiles of petcoke. According to energy regulator there, petcoke inventories are estimated to have reached 106mln tonnes in 2016.

The majority of Canadian petcoke output occurs close to oil sand producing regions, where bitumen is upgraded into synthetic crude oil.

Highbury is also helping MGX to design a process to generate hydrogen gas and concentrate metals in the form of ash byproduct.

Highbury has completed a Phase I report on potential processes and markets for primary and secondary byproduct, while a Phase II study has kicked off, including analyses of locations, lab bench top feedstock results, advanced process design and initial plant design parameters.

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Thu, 12 Jul 2018 08:48:00 -0400 https://www.proactiveinvestors.com/companies/news/200694/mgx-minerals-and-partner-highbury-energy-start-researching-gasification-of-petcoke-200694.html
<![CDATA[News - MGX Minerals reveals second waste water treatment system has arrived ]]> https://www.proactiveinvestors.com/companies/news/200595/mgx-minerals-reveals-second-waste-water-treatment-system-has-arrived-200595.html MGX Minerals Inc (CSE:XMG, OTCQB: MGXMF) updated on its lithium and petrolithium extraction and water treatment system (NFLi-5), saying a second wastewater treatment system have arrived from the pipe and metal fabricator.

This is the system scheduled to be installed at an oil and gas operation in Alberta to treat evaporator blowdown brine, said the firm and engineering partner Purlucid.

The system, capable of processing high salinity wastewater from SAGD operations, will remove colloidal and dissolved minerals for substantial water reuse, lower cost and reduced environmental liability.

The first system completed large-scale trials and client acceptance testing and is scheduled for deployment as soon as on-site preparations for installation of the system are completed.

PurLucid's water treatment technologies, which purify wastewater brine, have been integrated with a newly developed lithium recovery process.

The technology was recently chosen as winner of the base and specialty metals industry leadership award at the 2018 S&P Global Platts Global Metals Awards, held in London earlier this month.

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Wed, 11 Jul 2018 09:38:00 -0400 https://www.proactiveinvestors.com/companies/news/200595/mgx-minerals-reveals-second-waste-water-treatment-system-has-arrived-200595.html
<![CDATA[News - MGX Minerals hires engineer Hatch for pre-feasibility work at Driftwood Creek magnesium project ]]> https://www.proactiveinvestors.com/companies/news/200387/mgx-minerals-hires-engineer-hatch-for-pre-feasibility-work-at-driftwood-creek-magnesium-project-200387.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) reported further progress on a pre-feasibility study (PFS) for its Driftwood Creek magnesium project in southeastern British Columbia following the positive PEA (preliminary economic assessment) released earlier this year.

The materials and energy metals group hgas hired engineer Hatch Ltd to conduct a review and multi-phased work program at the site.

READ: MGX Minerals poised for 3D seisemic at Utah petrolithium project

Hatch will review the current mine planning and design, processing design, environmental and social impact assessment (ESIA) and permitting work so far.

The PEA from AKF Mining showed a pre-tax NPV (net present value) at 5% discount of C$529.8mln with an IRR (internal rate of return) of 24.5% with a 3.5-year payback.

"We are extremely pleased with results of the PEA, which display Driftwood's ability to become a high-margin, low-cost producer of magnesium oxide in a politically secure jurisdiction," MGX president and chief executive Jared Lazerson had told investors in March.

Other key metrics included initial capital costs of C$235.9mln and total life of mine costs of C$239.8mln.

The life of mine MgO (magnesium oxide) recoveries were put at 90%, while the LOM average head grades were put at 43.27% MgO.

Also today, MGX reported exploration results for its magnesium prospects, which lie near to Driftwood Creek - one of them being the Marysville project, which covers 556.55 hectares

Marysville lenses contained variable amounts of quartz from eight rock chip samples taken from the Central Zone ranging from betwen 2.98 and 8.48% SiO2 (silicon dioxide). The total MgO average from the eight samples was 43.37%.

Other impurities included trace amounts of serpentine and talc, as well as average values of 1.13% CaO (calcium oxide) and 0.965% Al2O3 (aluminum oxide).

READ: MGX Minerals completes four diamond drill holes at Koot silicon project

At Red Mountain, the calcium oxide (CaO) average for the eight samples was 0.87% and is considered relatively low in comparison to other magnesite deposits in British Columbia, which average over 1% CaO.

MGX noted that given the high amount of silica present on Red Mountain magnesite (average 14.47% SiO2), metallurgical testing was required to evaluate if silica can be effectively separated through flotation and to determine the value of silica as a by-product.

The company also added that detailed mapping, geochemical sampling and drilling was planned to test the extent and purity of the Marysville and Red Mountain magnesite, prior to carrying out metallurgical testing.

Magnesium oxide, or magnesia, is a widely used industrial mineral that comes in various forms. End uses include fertilizer, animal feed, and environmental water treatment as well as industrial applications, mainly in the steel industry.

MGX shares nudged up 1.04% to C$0.97.

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Mon, 09 Jul 2018 08:55:00 -0400 https://www.proactiveinvestors.com/companies/news/200387/mgx-minerals-hires-engineer-hatch-for-pre-feasibility-work-at-driftwood-creek-magnesium-project-200387.html
<![CDATA[News - MGX Minerals says manufacturing is underway for zinc-air system ]]> https://www.proactiveinvestors.com/companies/news/199805/mgx-minerals-says-manufacturing-is-underway-for-zinc-air-system-199805.html MGX Minerals Inc.(CSE:XMG, OTCQB: MGXMF) reported yet more progress at its energy storage subsidiary ZincNyx Energy Solutions, which has now completed the design for manufacturing of its core regenerator and fuel cell modules.

ZincNyx expects to start receiving parts based on the designs within the next four to six weeks, it said.

READ: MGX Minerals closes previously announced oversubscribed offering, raising C$15.5mln

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

The battery is comprised of three main modules. These are a regenerator that uses electricity to charge particles of zinc, a fuel tank where the zinc particles are stored until needed, and a fuel cell module that uses zinc particles to generate electricity

".... the ZincNyx system can be manufactured using conventional production processes," said ZincNyx President and CEO Suresh Singh.

"The design can be transferred to almost any location world-wide without the need to build expensive custom factories."

The regenerator and fuel cell parts form the nucleus of ZincNyx's next generation system, which can provide four times' the capacity of earlier models.

ZincNyx's mission is to provide the lowest cost, longest duration and most reliable energy storage system for markets involving renewables firming, peak shaving, diesel generator replacement, telecom facility back-up, electrification of ferries and tug boats and electric vehicle charging support.

With a portfolio of 20 granted patents and an experienced management team, ZincNyx is now ready to start commercialising the product.

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Thu, 28 Jun 2018 09:38:00 -0400 https://www.proactiveinvestors.com/companies/news/199805/mgx-minerals-says-manufacturing-is-underway-for-zinc-air-system-199805.html
<![CDATA[News - MGX Minerals closes previously announced oversubscribed offering, raising C$15.5mln ]]> https://www.proactiveinvestors.com/companies/news/199601/mgx-minerals-closes-previously-announced-oversubscribed-offering-raising-c155mln-199601.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) told investors it had closed the previously announced private placing, raising gross proceeds of C$15.49mln.

The company will use the funds to advance its lithium and advanced material projects.

Specifically, the company has said it will be used for continued investment into extraction equipment and PurLucid, property payments and additional acquisitions, engineering studies, permitting activities and for general working capital.

MGX issued 5.4mln flow-through units at $1.15 per unit, representing gross proceeds of $6.25mln, and 8.4mln non-flow-through units at $1.10 per unit, representing gross proceeds of C$9.2mln.

The offering was oversubscribed by 1.09mln flow-through units and 2.02mln non-flow-through units.

Shares closed yesterday in Toronto at C$1.04.

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Tue, 26 Jun 2018 09:25:00 -0400 https://www.proactiveinvestors.com/companies/news/199601/mgx-minerals-closes-previously-announced-oversubscribed-offering-raising-c155mln-199601.html
<![CDATA[News - MGX Minerals raises C$15.5mln in oversubscribed private placement ]]> https://www.proactiveinvestors.com/companies/news/199534/mgx-minerals-raises-c155mln-in-oversubscribed-private-placement-199534.html MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) announced today it has shored up C$15.49mln by way of a non-brokered private placement to advance its lithium and advanced material projects. 

The diversified resource company said the funding will be used for continued investment into extraction equipment and PurLucid, property payments and additional acquisitions, engineering studies, permitting activities and for general working capital.

READ: MGX Minerals' partner at Case Lake expects to complete 15,000 metres of drilling

MGX issued 5.4mln flow-through units at $1.15 per unit, representing gross proceeds of $6.25mln, and 8.4mln non-flow-through units at $1.10 per unit, representing gross proceeds of C$9.2mln. The offering was oversubscribed by 1.09mln flow-through units and 2.02mln non-flow-through units.

Each non-flow-through unit consists of one common share and one common share purchase warrant, which will entitle the holder to acquire one additional common share for a period of 36 months from the date of closing at a price of C$1.20.

Each flow-through unit consists of one common share issued on a flow-through basis pursuant to Canada's Income Tax Act and one-half of one common share purchase warrant. Each flow-through warrant will entitle the holder to acquire one additional common share, on a non-flow-through basis, for a period of 36 months at a price of C$1.20.

The company said the securities issued under the offering are subject to a hold period of four months and one day, adding that the flow-through unit proceeds will be used for qualified mineral exploration expenses on the company's projects in Canada.

The company recently revealed that a demonstration of its lithium and petrolithium extraction and water treatment system (NFLi-5) has been successful. The equipment was showcased at MGX partner PurLucid’s labs in Calgary, Alberta.

Shares of MGX closed at C$1.04 on Monday. 

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Mon, 25 Jun 2018 18:21:00 -0400 https://www.proactiveinvestors.com/companies/news/199534/mgx-minerals-raises-c155mln-in-oversubscribed-private-placement-199534.html
<![CDATA[News - MGX Minerals' energy storage subsidiary to receive grant to study use of graphene-based materials in its technology ]]> https://www.proactiveinvestors.com/companies/news/197719/mgx-minerals-energy-storage-subsidiary-to-receive-grant-to-study-use-of-graphene-based-materials-in-its-technology-197719.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) has revealed more exciting progress at its energy storage subsidiary ZincNyx Energy Solutions, saying the company will be looking at the use of graphene-based materials to advance its technology.

The subsidiary and its research partners are to receive a grant of C$580,000 from Canada's Natural Science and Engineering Research Council (NSERC) over the next three years to develop 'nanostructured material' for the next generation of Zinc-air energy storage.

READ: MGX Minerals expands silicon portfolio in British Columbia with Gibraltar property

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

''Graphene is getting a lot of attention for many applications, but is particularly promising for electrochemical reactions since it can perform on par with traditionally used platinum,'' said project lead Professor Jeff Gostick of the University of Waterloo, Calgary.

"As engineers and applied scientists, it's very exciting for us to see our ideas leave the lab and get into the hands of an industrial product, it's what it's all about.''

 ZincNyx chief executive Suresh Singh added: "ZincNyx is very pleased with the timing of the grant, which ties in perfectly with our business plan.

"We are entering early commercialization, but saw a strong need on the horizon to drive down costs to fuel further growth.

"We are very pleased to be working with this particular group of researchers.''

MGX noted that the ZincNyx mission was to provide the lowest cost, longest duration and most reliable energy storage system for markets involving renewables firming, peak shaving, diesel generator replacement, telecom facility back-up, and electric vehicle charging support.

With a portfolio of 20 granted patents and an experienced management team, ZincNyx is now ready to start commercializing the product.

MGX Minerals shares in Toronto nudged 0.96% higher at C$1.05.

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Fri, 25 May 2018 09:05:00 -0400 https://www.proactiveinvestors.com/companies/news/197719/mgx-minerals-energy-storage-subsidiary-to-receive-grant-to-study-use-of-graphene-based-materials-in-its-technology-197719.html
<![CDATA[News - MGX Minerals expands silicon portfolio in British Columbia with Gibraltar property ]]> https://www.proactiveinvestors.com/companies/news/197654/mgx-minerals-expands-silicon-portfolio-in-british-columbia-with-gibraltar-property-197654.html Energy metals and petrolithium focused MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) updated on its expanding silicon portfolio in British Columbia, saying it had acquired a new project - the Gibraltar property.

The site hosts high purity quartzite that consists of snow white coloured, high purity silica that contains greater than 98.8% silicon dioxide and less than 1.2% impurities such as aluminium oxide, iron oxide, magnesium oxide, sodium oxide and potassium oxide.

As consideration, MGX issued 100,000 company shares to the vendors - Glen Rodgers and Andris Kikauka. Kikauka is a director and VP exploration at MGX.

Kikauka is entitled to 50% of the purchase price of the property.

MGX is investigating the potential to source high-grade silica as a feedstock to be used in industrial silicon metal and solar applications.

The main exploration target on Gibraltar includes a moderately dipping, 20-30 meter wide high purity quartzite bed exposed over a strike length of around 420 meters.

Also today, MGX said it had received permits to conduct drill programs at its Wonah and Koot silicon properties in British Columbia.

Thirteen combined drill holes will be sunk, along with a metallurgical program to test the projects for suitability of upgrading to silicon metal and solar grade silicon.

At Wonah, the main target includes the ridge where steeply dipping Ordovician age quartzite is exposed over a strike length of around 850 meters, while at Koot, historic exploration conducted by Cominco (now Teck-Cominco) during the 1980s outlined a mineralized zone spanning around 400 meters consisting of high-purity silicon dioxide (SiO2).

Whole-rock analysis of composite samples in six of seven shallow diamond drill holes returned values ranging between 98.7% and 99.3% silicon dioxide.

Notably, MGX has prioritized development of its silicon projects for silicon metal potential and one of the main uses is in solar panels.

"Solar panels are a cornerstone to remote and distributed energy solutions. Solar, combined with a mass storage system such as that currently under development by the company's wholly-owned subsidiary ZincNyx Energy Solutions Inc," it noted.

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

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Thu, 24 May 2018 09:18:00 -0400 https://www.proactiveinvestors.com/companies/news/197654/mgx-minerals-expands-silicon-portfolio-in-british-columbia-with-gibraltar-property-197654.html
<![CDATA[News - MGX Minerals Inc updates on Ontario joint venture lithium exploration ]]> https://www.proactiveinvestors.com/companies/news/197584/mgx-minerals-inc-updates-on-ontario-joint-venture-lithium-exploration-197584.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) updated on its hard rock lithium joint venture properties with Power Metals in Ontario - namely Paterson Lake and the Gullwing-Tot Lakes property.

MGX has a paid up 20% working interest in the Case Lake property and four other lithium sites in Ontario controlled by Power Metals as well as any additional properties acquired before August 2020.

MGX can also acquire an additional 15% working interest, for a total of 35%, in each of the properties by making a one-time payment of C$10mln prior before the above date.

At Case Lake, Power Metals plans an 8,000 meter drill program this Spring/Summer followed by an additional 7,000 metre drill program in the Fall.

Power has now started a geological mapping program at Paterson Lake, which is 60km north of Kenora, Ontario.

This will be followed by a similar program at Gullwing-Tot Lakes, 30 km northeast of Dryden, Ontario.

Paterson has seven named petalite pegmatite dykes and up to 50 unnamed pegmatite occurrences that require investigation

MGX noted that 11 historic drill holes were drilled by Tanco, the majority of which were not assayed for lithium (Li).

Meanwhile, Gullwing-Tot Lakes has been under explored and the pegmatite contains spodumene blades up to 38cm long and make up to 78 vol% of the spodumene-rich zone.

The Tot Lake pegmatite has three potential commodities. These are lithium (Li), tantalum (Ta) and pollucite (Cs).

Also in today's filing, it was revealed that MGX, Orion Laboratories, and Light Metals International Inc have begun testing a new process for extracting lithium from spodumene.

Initial bench-scale laboratory testing has been completed and results are expected shortly.

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Wed, 23 May 2018 15:00:00 -0400 https://www.proactiveinvestors.com/companies/news/197584/mgx-minerals-inc-updates-on-ontario-joint-venture-lithium-exploration-197584.html
<![CDATA[News - MGX Minerals picks up accolade at S&P Global Platts Global Metals Awards ]]> https://www.proactiveinvestors.com/companies/news/197311/mgx-minerals-picks-up-accolade-at-sp-global-platts-global-metals-awards-197311.html Energy metals and materials firm MGX Minerals Inc (CNSX:XMG, OTCQB:MGXMF)  is cheering after it picked up the base and speciality metals industry leadership award at the 2018 S&P Global Platts Global Metals Awards yesterday (May 17) held in London.

Hosted by energy and commodities firm S&P Global Platts, the awards focuses on exemplary performance in 15 categories spanning the entire steel, metals and mining complex.

"Technology played an increasingly pivotal role for this slate of winners, and sustainability emerged throughout the value chain, with environment and efficiencies top of mind," said Martin Fraenkel, president of S&P Global Platts.

"We congratulate MGX Minerals for its impressive win in the 2018 S&P Global Platts Metals Awards."

Earlier this week, MGX said it was nearing the first deployment of its lithium recovery and waste water treatment systems, now that commercial scale trials have been completed.

The first is with a major oil and gas operator in Alberta, Canada to operate an integrated wastewater treatment and lithium recovery system.

Delivery of the system remains on track and is scheduled for commissioning shortly, the company said.

MGX also  noted that its chairman Marc Bruner had filed a petition against the company in B.C. Supreme Court on May 16, seeking a declaration that the  firm was unfairly prejudicial and acted in bad faith by withholding shares.

He alleges the shares were owed to him.

He seeks an order to direct the company to issue the shares and to compensate him for any losses he may have suffered. 

MGX has reviewed the petition with counsel and believes that the grounds to Bruner's claims are without merit. 

It must file a response to the petition within 21 days after service.

 

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Fri, 18 May 2018 10:28:00 -0400 https://www.proactiveinvestors.com/companies/news/197311/mgx-minerals-picks-up-accolade-at-sp-global-platts-global-metals-awards-197311.html
<![CDATA[News - MGX Minerals nearing first commercial deployment of its oilfield systems ]]> https://www.proactiveinvestors.com/companies/news/197119/mgx-minerals-nearing-first-commercial-deployment-of-its-oilfield-systems-197119.html MGX Minerals Inc (CNSX:XMG, OTCQB:MGXMF) is nearing the first deployment of its lithium recovery and waste water treatment systems, now that commercial scale trials have been completed.

The first is with a major oil and gas operator in Alberta, Canada to operate an integrated wastewater treatment and lithium recovery system.

READ: MGX Minerals says ZincNyx has quadrupled capacity of its fuel cell modules

Delivery of the system remains on track and is scheduled for commissioning shortly.

The firm's 51%-owned engineer PurLucid Treatment Solutions is a partner in this petrolithium project.

The latter's patented nanoflotation technology has been designed specifically to be used on brine (a waste) from oilfields to produce clean water and yield lithium and other minerals.

A second scheduled deployment of the system is a contract and agreement between a consortium including government, oil and gas operator, MGX and PurLucid to receive and treat evaporator blowdown wastewater (EBD).

This contract will include installation of three treatment systems.

A third system is a larger-scale version of the first system and is intended for deployment to treat one-through steam generator (OTSG) boiler blowdown.

This blowdown represents the largest water loss at any steam assisted gravity drainage (SAGD) facility.

MGX told investors on Wednesday that the projects represent significant cost savings for oilfield operators in water handling and revenue for MGX and PurLucid in wastewater treatment with an additional opportunity for lithium and mineral recovery.

Shares added 2.2% to C$0.93 in Toronto before fallimng back to C$0.91.

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Wed, 16 May 2018 09:19:00 -0400 https://www.proactiveinvestors.com/companies/news/197119/mgx-minerals-nearing-first-commercial-deployment-of-its-oilfield-systems-197119.html
<![CDATA[News - MGX Minerals says ZincNyx has quadrupled capacity of its fuel cell modules ]]> https://www.proactiveinvestors.com/companies/news/196938/mgx-minerals-says-zincnyx-has-quadrupled-capacity-of-its-fuel-cell-modules-196938.html MGX Minerals Inc (CSE: XMG, OTCQB: MGXMF) has unveiled more progress at its energy storage subsidiary ZincNyx Energy Solutions.

The latter has quadrupled the capacity of its fuel cell modules (stacks), it said in a regulatory filing.

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

READ - MGX Minerals chief Lazerson says energy industry is 'place to be'

The battery is comprised of three main modules. These are a regenerator that uses electricity to charge particles of zinc, a fuel tank where the zinc particles are stored until needed, and a fuel cell module that uses zinc particles to generate electricity.

In simple terms, the fuel cell module consists of a stack of identical cells. In the original, each cell can generate 100 amps at around 1 volt, thus a stack of 12 cells was thus able to generate 100 amps at 12 volts, or around 1.25 kW.

But the latest advance doubles the area of each cell and enables up to 24 cells to be connected in series, thereby quadrupling the output capacity of a stack to 5 kW (200 Amps at 24 volts nominal).

'This development is a further illustration of the flexibility of the ZincNyx system,'' said ZincNyx president and chief executive Suresh Singh.

READ - MGX Minerals​ expands acreage at Paradox Basin again 

''Advances can be made to each component of the system without requiring simultaneous changes to the other components.

"In this case, the power generation capacity is increased without requiring simultaneous changes to the power regeneration capacity or the energy storage capacity.''

Last month, MGX revealed that ZincNyx Energy Solutions had struck a partnership with Digital Energy Corporation ahead of a potential rollout of the technology in New York city.

Systems integrator Digital will install the ZincNyx battery system at a demonstration site in the Big Apple.

Shares added 3.49% to stand at C$0.89 each.

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Mon, 14 May 2018 10:01:00 -0400 https://www.proactiveinvestors.com/companies/news/196938/mgx-minerals-says-zincnyx-has-quadrupled-capacity-of-its-fuel-cell-modules-196938.html
<![CDATA[News - MGX Minerals chief Lazerson says energy industry is 'place to be' ]]> https://www.proactiveinvestors.com/companies/news/196674/mgx-minerals-chief-lazerson-says-energy-industry-is-place-to-be--196674.html The boss of MGX Minerals (CSE:XMG, OTCQB:MGXMF), which has interests in advanced material and energy assets throughout North America, says the energy industry is the "place to be right now".

"I think it's massive," Jared Lazerson tells an interview on Uptick Newswire’s “Stock Day” podcast.

WATCH HERE..

In a broad discussion, he discusses magnesium, lithium, and new methods for extracting minerals from brines and says there is a transition to renewables from fossil fuels but this will take many years.

“Our approach to the industry is three pronged; commodities, processes and mass storage.” Lazerson said.

“Regarding commodities we have followed a traditional exploration model, be the biggest and be the best.” 

MGX owns the largest new magnesium deposit in North America. It also owns 2mln acres of lithium brine exploration property.

“The specialized process with which we extract lithium cuts a two-year procedure to a few days,” added Lazerson. 

"I don't see anyone saying ten years from now the world's going to use less lithium or the world's going to use less power," he said.

“We have invested highly in additive technology and engineers that give us competitive advantage.”

MGX has also acquired a mass storage facility that uses fuel-cell type batteries. 

"This acquisition provides the company with large-scale mass storage that costs about 1/10th the price of a lithium battery run storage.”

MGX shares added 4.88% to C$0.86 each.

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Wed, 09 May 2018 13:36:00 -0400 https://www.proactiveinvestors.com/companies/news/196674/mgx-minerals-chief-lazerson-says-energy-industry-is-place-to-be--196674.html
<![CDATA[News - MGX Minerals expands acreage at Paradox Basin again ]]> https://www.proactiveinvestors.com/companies/news/196572/mgx-minerals-expands-acreage-at-paradox-basin-again-196572.html MGX Minerals Inc (CNSX:XMG, OTCQB:MGXMF) has further expanded its oil and gas rights acreage at the Paradox basin pretrolithium project in Utah.

The firm has bought another 10, 331.32 acres of oil and gas leases for US$145,000 within the 80,380-acre Blueberry unit, which are within the proposed 3D seismic geophysical survey area.

The survey is due to kick off in August this year and will include around 9,000 data points.

The project is being simultaneously explored for oil, gas, lithium and other brine minerals to show where the firm should site its lithium and mineral extraction technology.

MGX is currently earning a 75% working interest, while the remaining interest is mainly controlled by the Paradox partner.

It comes after earlier this month, the group snagged a further 3,455 acres of oil and gas leases via auction, contiguous to the Blueberry unit and show similar subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine-bearing formations.

Under the terms of today's acquisition, an initial installment of US$50,000 has been paid with the remaining installments due on September 5, 2018 ($50,000) and March 5 next year ($45,000).

MGX has the option to earn a net revenue interest (NRI) on 9,158.4 gross/net acres within the firm's area of mutual interest.

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

Brine content within the Lisbon Valley oilfield have been historically reported as high as 730 ppm (parts per million) lithium.

MGX shares fell around 6% to C$0.84. 

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Tue, 08 May 2018 10:01:00 -0400 https://www.proactiveinvestors.com/companies/news/196572/mgx-minerals-expands-acreage-at-paradox-basin-again-196572.html
<![CDATA[News - MGX Minerals expands acreage in Utah ]]> https://www.proactiveinvestors.com/companies/news/196260/mgx-minerals-expands-acreage-in-utah-196260.html MGX Minerals Inc (CNSX:XMG, OTCQB:MGXMF) has snagged a further 3,455 acres of oil and gas leases via an auction.

The leases are located contiguous to the company’s unitised 80,380-acre Blueberry unit and show similar subsurface geological formations and structures favourable for accumulations of oil and gas as well as lithium brine-bearing formations, MGX said.

READ: MGX Minerals set for seismic survey at its Blueberry unit in Paradox basin

The newly acquired leases are located within the proposed 3D seismic geophysical survey area, which is scheduled to commence in August. The survey will include around 9,000 data points.

The Blueberry unit (oil, gas and lithium) and Lisbon Valley claims (lithium) now consists of around 115,000 acres of oil and gas leases and 118,000 acres of largely overlying and contiguous mineral claims. Brine content within the Lisbon Valley oilfield has been historically reported as high as 730 parts per million lithium.

MGX said the project is being simultaneously explored for oil, gas, lithium and other brine minerals to determine locations for deployment of the company’s lithium and mineral extraction technology. In total, MGX controls more than two million acres of mineral leases and permits overlying brine-bearing formations throughout North America.

The new acreage was acquired at a recent State of Utah School and Institutional Trust Land Administration auction.

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Wed, 02 May 2018 08:56:00 -0400 https://www.proactiveinvestors.com/companies/news/196260/mgx-minerals-expands-acreage-in-utah-196260.html
<![CDATA[News - MGX Minerals making progress on brine samples analysis ]]> https://www.proactiveinvestors.com/companies/news/195992/mgx-minerals-making-progress-on-brine-samples-analysis-195992.html MGX Minerals Inc (CNSX:XMG) has been making solid progress on analysis of brine samples at its lithium operations.

In North America, the company completed brine analysis and pilot plant processing of samples originating from an industrial wastewater stream and geothermal lithium brine samples.

READ: MGX Minerals completes paleontology survey at Paradox; seismic scheduled for August​

In South America, it has completed pilot plant testing on brine samples originating from multiple salars (salt flats) located in Chile.

MGX has entered into a joint brine testing agreement with a number of South American mining companies and these are now working to identify potential joint-venture locations that will use the company’s lithium extraction technology.

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Fri, 27 Apr 2018 12:44:00 -0400 https://www.proactiveinvestors.com/companies/news/195992/mgx-minerals-making-progress-on-brine-samples-analysis-195992.html
<![CDATA[News - MGX Minerals completes paleontology survey at Paradox; seismic scheduled for August ]]> https://www.proactiveinvestors.com/companies/news/195567/mgx-minerals-completes-paleontology-survey-at-paradox-seismic-scheduled-for-august-195567.html Energy metals and materials firm MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) updated on its Paradox basin petrolithium project in Utah, saying that paleontology surveys were complete.

Meanwhile, field crews have nearly completed the archaeological survey, the company also revealed.

READ: MGX Minerals' Driftwood Creek preliminary economic assessment puts pre-tax value at C$529.8mln

"Documentation recording for the survey will begin this week and take approximately one week to complete.

"Pending Bureau of Land Management approval, a seismic survey at the Paradox project is scheduled to commence in early August," MGX told investors in a regulatory statement.

Paradox includes the 80,380-acre Blueberry unit, a recently unitised Federal oil and gas unit.

Meanwhile, the 110,000 acre Paradox project is said to be the first large scale integrated petroleum and lithium exploration project in the USA, lying next to the Lisbon Valley oilfield (host to 140 wells), where historical brine content has been recorded as high as 730 ppm (parts per million) lithium.

MGX is currently earning a 75% working interest in Paradox, with the remaining interest mainly controlled by a private Utah corporation.

The Paradox partner has been engaged by MGX as subcontracted operator.

"The project is being simultaneously explored for oil, gas, lithium and other brine minerals as part of the company's North and South American exploration, testing and analyses strategy to determine locations for deployment of the company's lithium and mineral extraction technology inclusive of Petrolithium, geothermal, and other lithium brine feedstock sources.

"MGX controls over two million acres of lithium mineral claims throughout North America."

Working with its engineering partner Purlucid, MGX is developing a technology, which aims to reduce the cost of recovery and enhancing the quality across a range of brines received from oil and gas wells.

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Mon, 23 Apr 2018 08:44:00 -0400 https://www.proactiveinvestors.com/companies/news/195567/mgx-minerals-completes-paleontology-survey-at-paradox-seismic-scheduled-for-august-195567.html
<![CDATA[News - MGX Minerals' ZincNyx partners with Digital Energy Corporation to showcase technology in New York ]]> https://www.proactiveinvestors.com/companies/news/195283/mgx-minerals-zincnyx-partners-with-digital-energy-corporation-to-showcase-technology-in-new-york-195283.html MGX Minerals Inc (CSE: XMG, OTCQB: MGXMF) said its energy storage subsidiary ZincNyx Energy Solutions had struck a partnership with Digital Energy Corporation ahead of a potential rollout of the technology in New York city.

Systems integrator Digital will install the ZincNyx battery system at a demonstration site in the Big Apple.

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

The ZincNyx flow battery chosen for this demonstration uses a unique zinc-air chemistry that is safe for use in densely populated areas, said MGX.

"We are delighted with this partnership with Digital Energy," said ZincNyx president and chief executive Suresh Singh.

"Digital's years of experience with system integration and energy generation will greatly enhance our ability to deploy energy storage solutions throughout the United States."

Vice president of Digital Energy, Jon Lilian added: "Digital is excited to partner with ZincNyx to bring lower cost energy storage solutions to New York State.

"We believe the ZincNyx flow battery product, along with revenue streams from the New York State REV initiative and the NYISO, will provide a high value proposition for this and future projects."

If this first project is completed successfully, ZincNyx and Digital will develop additional sites and work to expand the tech's distribution.

It's been a busy week for the group. On Monday it said ZincNyx had developed new methods to expand the capacity of its zinc-air fuel cell battery.

MGX shares nudged up 2.38% to C$0.86 in early deals in New York. 

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Wed, 18 Apr 2018 09:50:00 -0400 https://www.proactiveinvestors.com/companies/news/195283/mgx-minerals-zincnyx-partners-with-digital-energy-corporation-to-showcase-technology-in-new-york-195283.html
<![CDATA[News - MGX Minerals' Driftwood Creek preliminary economic assessment puts pre-tax value at C$529.8mln ]]> https://www.proactiveinvestors.com/companies/news/195190/mgx-minerals-driftwood-creek-preliminary-economic-assessment-puts-pre-tax-value-at-c5298mln-195190.html MGX Minerals Inc (CSE: XMG, TCQB: MGXMF) said it had filed the NI 43-101 preliminary economic assessment (PEA) for its Driftwood Creek magnesium project in British Columbia, which showed a pre-tax net present value of C$529.8mln.

As reported last month, the firm said the report underscored the site's potential to become a "high-margin, low-cost producer of magnesium oxide".

The study was based on a conventional quarry pit operation with a process plant and a furnace/kiln combination to produce a saleable dead burn magnesium oxide (DBM) powder product.

The pre-tax net present value of the project was put at C$529.8mln, with an IRR (internal rate of return) of 24.5% with a 3.5-year payback period.

Other key metrics included initial capital costs of C$235.9mln and total life of mine costs of C$239.8mln.

Average yearly magnesium oxide production was put at 169,700 tonnes during the 19-year mine life, while the quarry pit mine will be alongside a 1200 tonne per day (tpd) process plant using conventional crushing, grinding, flotation upgrading, calcination, and sintering to produce a saleable DBM product.

The plant is expected to achieve an average recovery of 90% with a magnesium oxide (MgO) purity of 94.6%. LOM (Life of Mine) average head grades were 43.27% MgO.

Cash costs were pegged at C$350 per tonne of magnesium oxide, and all-in sustaining costs (AISC) were put at C$351 per tonne of magnesium oxide (MgO).

The PEA forecasts a 19-year mine life and a LOM strip ratio (the ratio of rock to mineralised material) of 2.4 to 1.

A total of 7.84mln tonnes of mineralised resource could be mined and processed with 19.174mln tonnes of rock material which includes 60,000 tonnes of capitalised rock.

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Tue, 17 Apr 2018 12:31:00 -0400 https://www.proactiveinvestors.com/companies/news/195190/mgx-minerals-driftwood-creek-preliminary-economic-assessment-puts-pre-tax-value-at-c5298mln-195190.html
<![CDATA[News - MGX Minerals' energy subsidiary makes further stride with increased capacity of its battery ]]> https://www.proactiveinvestors.com/companies/news/195046/mgx-minerals-energy-subsidiary-makes-further-stride-with-increased-capacity-of-its-battery-195046.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) Monday updated on its wholly-owned energy storage subsidiary ZincNyx Energy Solutions, saying it had developed new methods to expand the capacity of its zinc-air fuel cell battery.

Earlier this month, MGX unveiled plans to spin-out the subsidiary to realize its full value, into a separate publicly traded company.

MGX Minerals to spin-out ZincNyx subsidiary to realise full value

The subsidiary 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.

The system contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt.

When the system is generating power, the zinc particles are delivered from what's called the 'Main Tank' to the Fuel Cell in the bearer electrolyte.

These particles are combined with oxygen drawn from the air and electrical power is delivered to the load, outlined MGX.

Although the Main Tank of the basic system may be made of any suitable size, there are practical limitations to the physical size and electrical capacity of the regenerator and fuel cell units, MGX said today.

READ - MGX Minerals pushing on with petrolithium project as it nears second site completion

ZincNyx has overcome this by developing an expanded capacity system whereby multiple regenerator units and multiple fuel cells can be assembled into a single system to deliver a wide variety of configurations and capacities.

As reported recently, ZincNyx is looking at the possibility of replacing marine diesel engines with electric engines and zinc-air fuel cells.

MGX  shares eased 1.14% to C$0.87.

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Mon, 16 Apr 2018 08:02:00 -0400 https://www.proactiveinvestors.com/companies/news/195046/mgx-minerals-energy-subsidiary-makes-further-stride-with-increased-capacity-of-its-battery-195046.html
<![CDATA[News - MGX Minerals pushing on with petrolithium project as it nears second site completion ]]> https://www.proactiveinvestors.com/companies/news/194260/mgx-minerals-pushing-on-with-petrolithium-project-as-it-nears-second-site-completion-194260.html MGX Minerals Inc (CNSX:XMG) updated on its petrolithium project, saying that partner PurLucid Treatment had nearly finalised a second contract for its water treatment and lithium extraction system.

Deployment is underway at an initial site, MGX said, and installation at both sites is expected to be largely complete by June this year.

PurLucid's patented nanoflotation technology has been designed specifically to be used on brine (a waste) from oilfields to produce clean water and yield lithium and other minerals.

Under the deal,  MGX will control all lithium and other minerals extracted using the systems.

In terms of lithium extraction, the partners' recent testing from an industrial site concentrated lithium to commercial grade as lithium chloride.

Significantly, sodium and potassium, which comprised 76% of the cations in the feed water, were reduced by 90% in the final product.

Additional optimization is ongoing in preparation for commercial deployment to this site, MGX said.

In addition, PurLucid has also processed several bulk samples from sour gas fields and developed an effective, chemical-free method for removing H2S (hydrogen sulphide) and TVOC (total volatile organic compounds) before water treatment and lithium recovery.

MGX Minerals shares in Toronto eased 1.02% to stand at C$0.97.

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Wed, 04 Apr 2018 10:07:00 -0400 https://www.proactiveinvestors.com/companies/news/194260/mgx-minerals-pushing-on-with-petrolithium-project-as-it-nears-second-site-completion-194260.html
<![CDATA[News - MGX Minerals to spin-out ZincNyx subsidiary to realise full value ]]> https://www.proactiveinvestors.com/companies/news/194164/mgx-minerals-to-spin-out-zincnyx-subsidiary-to-realise-full-value-194164.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) announced plans to spin-out its subsidiary ZincNyx Energy Solutions Inc to realise value.

The latter 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.

The move will result in a separate publicly traded company primarily owned by MGX and its shareholders, while MGX also plans to dividend a portion of shares in ZincNyx as part of a one-time distribution to existing shareholders.

"The scale of the opportunity and the value of the intellectual property, now in excess of 20 issued patents developed by ZincNyx, has set up an ideal scenario for a spinoff transaction and return of value to shareholders through partial dividend of shares," said MGX chief Jared Lazerson.

"This is an important stand-alone technology that needs to grow unbridled on the global stage, a public listing creates this platform."

Currently, ZincNyx is looking at the possibility of replacing marine diesel engines with electric engines and zinc-air fuel cells.

MGX had more news out yesterday.

The firm outlined plans for the spring drill programme at its Case Lake lithium property in Ontario where work will kick off next month (May).

The work is being carried out by joint venture partner Power Metals.

The spring program will total 8,000 meters (m) and target new spodumene pegmatite dykes between the main dyke and the south dyke.

MGX shares are currently up 4.04% in Toronto at C$1.03.

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Tue, 03 Apr 2018 09:26:00 -0400 https://www.proactiveinvestors.com/companies/news/194164/mgx-minerals-to-spin-out-zincnyx-subsidiary-to-realise-full-value-194164.html
<![CDATA[News - MGX Minerals says spring drill programme at Case Lake will target new dykes ]]> https://www.proactiveinvestors.com/companies/news/194074/mgx-minerals-says-spring-drill-programme-at-case-lake-will-target-new-dykes-194074.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) further outlined plans for the spring drill programme at its Case Lake lithium property in Ontario where work will kick off next month (May).

The work is being carried out by joint venture partner Power Metals.

The spring program will total 8,000 meters (m) and target new spodumene pegmatite dykes between the main dyke and the south dyke, it said.

These new areas were uncovered in the final drilling of the main dyke last autumn and include one hole, which hosted 1.61% Li2O (lithium oxide) and 143.8 ppm (parts per million) tantalum over 3m.

MGX said the drilling will also target the area between the main dyke and the northeast dykes, where coarse-grained spodumene was hit.

The northeast, north and the main dykes are on-strike and all within the same dome indicating that they were part of the same deep-seated structure, the firm said.

Additional drilling will test spodumene mineralisation identified during the mapping program on granitic outcrops west of the main dyke.

In the fall (autumn), MGX said a further 7,000 meters of drilling will be  undertaken.

Case Lake lies in the Steele and Case townships, 80 km east of Cochrane, NE Ontario close to the Ontario-Quebec border.

READ - MGX Minerals seeks to enhance Driftwood Creek project's economics further with magnesium metal study

The pegmatite swarm consists of five dykes: -  North, Main, South, East and Northeast Dykes.

MGX currently has a paid up 20% working interest in Case Lake and four other lithium hard rock properties in Ontario controlled by Power Metals as well as any additional properties acquired before August 2020.

So far, 8,400 meters of drilling have been completed at Case Lake and highlight intersections include 2.11% Li2O (lithium oxide) over 11m, and 1.94% over 26m.

MGX shares in Toronto eased 1% to stand at C$0.99 each.

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Mon, 02 Apr 2018 09:17:00 -0400 https://www.proactiveinvestors.com/companies/news/194074/mgx-minerals-says-spring-drill-programme-at-case-lake-will-target-new-dykes-194074.html
<![CDATA[News - MGX Minerals making progress with Highbury Energy Inc on petcoke testing ]]> https://www.proactiveinvestors.com/companies/news/194043/mgx-minerals-making-progress-with-highbury-energy-inc-on-petcoke-testing-194043.html Materials firm MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) unveiled latest results from its petcoke collaboration with Highbury Energy Inc.

Highbury has been testing samples from stockpiles produced from the Fort McMurray area mining operation as well as the Edmonton refinery.

As reported in January this year, Highbury was to prepare a detailed process to extract metals like nickel, vanadium, and cobalt from petroleum coke, or 'petcoke', which is a by-product from the oil and gas industry.

READ - MGX Minerals shares up again as it announces petcoke partnership with Highbury Energy

Highbury is using its knowledge of the thermochemical gasification process and existing large-scale pilot plant to assist MGX to design a process to generate hydrogen gas and concentrate metals in the form of ash byproduct.

Today's results showed that the firms produced 45% vanadium concentrate from a petcoke sample.

It also generated 8% iron oxide and around 42% silicon dioxide.

Read all the assays in the regulatory statement HERE..

As oil refineries have become more efficient at processing extra heavy crude oils (bitumen) over the last 20 years, output of Petcoke  has risen significantly around the world.

Because Petcoke originates from heavier petroleum fractions, its denser impurities such as metals and sulphur compounds are concentrated in it.

Most Canadian Petcoke output occurs close to oil sand producing regions, where bitumen is upgraded into synthetic crude oil.

READ - MGX Minerals hires investment bank Capstone Headwaters to advise on M&A

For example, the province of Alberta is known to host vast stockpiles.

According to energy regulator there, petcoke inventories are estimated to have reached 106mln tonnes in 2016.

Shares added 4.17% to C$1.

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Thu, 29 Mar 2018 09:05:00 -0400 https://www.proactiveinvestors.com/companies/news/194043/mgx-minerals-making-progress-with-highbury-energy-inc-on-petcoke-testing-194043.html
<![CDATA[News - MGX Minerals hires investment bank Capstone Headwaters to advise on M&A ]]> https://www.proactiveinvestors.com/companies/news/193648/mgx-minerals-hires-investment-bank-capstone-headwaters-to-advise-on-ma-193648.html Materials and metals firm MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) has hired Capstone Headwaters LLC for banking and financial advisory services.

The group will advise on all matters, including project financing, assets disposition, valuation, banking, acquisitions and corporate structuring.

The group's lithium, magnesium and energy assets will remain a focus, it added.

In a brief regulatory statement, the firm said: "In light of recent events, including completion of a positive NI 43-101 Preliminary Economic Assessment for Driftwood Creek, entry into the Chilean lithium brine and California geothermal brine markets, commercialization of its lithium extraction technology, and acquisition of ZincNyx Energy Solutions with development of next-generation zinc-air fuel cell battery technology the company recognises the need for an experienced investment banking advisor."

This week, MGX said it had been nominated as a finalist in the S&P Global Platts metal awards.

The company has been selected from 100 nominations for two categories - the base and speciality metals industry leadership award as well as the breakthrough solution of the year award.

The company's technology rapidly extracts lithium and other elements from oilfield and oilsands wastewater, mine tailings, and natural brine, leaving a clean water by-product.

MGX controls over 2mln acres of lithium-bearing brines throughout North America.

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Thu, 22 Mar 2018 11:52:00 -0400 https://www.proactiveinvestors.com/companies/news/193648/mgx-minerals-hires-investment-bank-capstone-headwaters-to-advise-on-ma-193648.html
<![CDATA[News - MGX Minerals nominated as finalist in the S&P Global Platts Metal Awards ]]> https://www.proactiveinvestors.com/companies/news/193491/mgx-minerals-nominated-as-finalist-in-the-sp-global-platts-metal-awards-193491.html Materials, energy and metals firm MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) has been nominated as a finalist in the S&P Global Platts metal awards.

The company has been selected from 100 nominations for two categories - the base and speciality metals industry leadership award as well as the breakthrough solution of the year award.

The company's technology rapidly extracts lithium and other elements from oilfield and oilsands wastewater, mine tailings, and natural brine, leaving a clean water by-product.

Winners will be chosen by an independent panel of international experts, whose experience includes regulation, corporate leadership, trading and technology, and will be announced at a black-tie celebration on May 17 this year in London.

Commercial units are nearing deployment and have been designed to be scalable and modular.

MGX controls over 2mln acres of lithium-bearing brines throughout North America.

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Tue, 20 Mar 2018 11:44:00 -0400 https://www.proactiveinvestors.com/companies/news/193491/mgx-minerals-nominated-as-finalist-in-the-sp-global-platts-metal-awards-193491.html
<![CDATA[News - MGX Minerals seeks to enhance Driftwood Creek project's economics further with magnesium metal study ]]> https://www.proactiveinvestors.com/companies/news/193248/mgx-minerals-seeks-to-enhance-driftwood-creek-project-s-economics-further-with-magnesium-metal-study-193248.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) is seeking to enhance the already positive economics of the Driftwood Creek project in British Columbia - by obtaining a scoping study looking at producing magnesium metal as well as oxide.

Earlier this month, MGX published a positive NI 43 101 preliminary economic assessment for the production of 161,000 net tonnes per year of magnesium oxide (MgO)

The firm said the site had the potential to become a "high-margin, low-cost producer of magnesium oxide".

READ - MGX Minerals says Driftwood Creek PEA shows it could become "high-margin, low-cost producer of magnesium oxide"

The pre-tax net present value of the project was put at C$529.8mln, with an IRR (internal rate of return) of 24.5% with a 3.5-year payback period.

Now the company has hired Hatch Ltd to complete a scoping study to select the appropriate process and associated economics to upgrade the magnesium oxide to magnesium metal.

Magnesium metal is considered an advanced material, and is 33% lighter than aluminium, 60% lighter than titanium and 75% lighter than steel, while offering comparable strength ratios.

Automobile and aerospace manufacturers are increasingly shifting towards magnesium alloys to reduce weights and meet growing fuel-efficiency demands.

Meanwhile, recent advances in magnesium battery technology show strong potential for future additional non-structural applications, it added.

The current price of magnesium metal (99.5% ingot) is around US$2,250 per tonne against magnesium oxide, which is at around US$600 per tonne.

READ - MGX Minerals taking further strides with next generation zinc air battery

The Hatch study will evaluate processing options, and order-of-magnitude capital and operating cost estimates for an initial 10,000-tonne-per-year magnesium plant.

It will also look at various environmental and engineering topics.

MGX also noted that long-standing anti-dumping and strategic metal designation has significantly increased the domestic price of magnesium in the USA compared with global markets.

Of note is the fact that Canada is no longer subject to US tariffs against foreign magnesium-metal imports.

Additionally, Driftwood is located in an area of low-cost power in southwest British Columbia and near to direct rail to even lower-cost power in eastern Washington state.

MGX shares added 2.75% in Toronto to C$1.12.

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Thu, 15 Mar 2018 09:54:00 -0400 https://www.proactiveinvestors.com/companies/news/193248/mgx-minerals-seeks-to-enhance-driftwood-creek-project-s-economics-further-with-magnesium-metal-study-193248.html
<![CDATA[News - MGX Minerals taking further strides with next generation zinc air battery ]]> https://www.proactiveinvestors.com/companies/news/193001/mgx-minerals-taking-further-strides-with-next-generation-zinc-air-battery-193001.html MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) told investors it had kicked off optimizing its next generation system of zinc-air fuel cell batteries.

The group's subsidiary ZincNyx Energy Solutions, which it has acquired, 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.

READ: MGX Minerals furthers lithium production goals as it teams up to develop new extraction process

The latest work on the system is part of the mass production design phase, said MGX.

It involves optimising the charging and oxygen fuel generation function.

"This next generation system will continue to be modular and offer capabilities to combine multiple 20kW systems at the electrical interface, allowing for deployment of containerized systems capable of providing up to one Megawatt or more," said MGX.

"The expanded range of the system will address the need for long duration energy storage when coupled with renewable energy sources such as wind and solar.

"The system may be housed in a shipping container for deployment at remote locations or installed in free-standing racks in warehouse-type environments.

The design work is focused on optimising the bubble field generated during the zinc regeneration process.

A deeper understanding of the bubble field and how to optimize its effects will enable to operate at higher efficiency and offer improved reliability at a lower cost.

Meanwhile, oxygen is combined with zinc to create the electrolyte used in the fuel cell where power is generated.

Energy storage for the mass market

Testing of an alkaline solution in removing carbon dioxide from the ambient air is also underway. The outcome of these tests will be used to further optimize the module for production systems.

The liquid-based scrubber promises to deliver much higher capacity and lower cost than comparable solids-based methods.

ZincNyx aims to bring energy storage to the mass market through its patented zinc air technology, which offers lower-cost, long duration batteries capable of simultaneous charge and discharge.

Unlike conventional batteries, which have a fixed energy/power ratio, ZincNyx's technology uses a fuel tank system that offers flexible energy/power ratios and scalability.

Shares eased 3.2% to C$1.21 each.

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Mon, 12 Mar 2018 09:11:00 -0400 https://www.proactiveinvestors.com/companies/news/193001/mgx-minerals-taking-further-strides-with-next-generation-zinc-air-battery-193001.html