MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) has made further progress in its battery energy activity.
The company announced it was funding a research consortium with the University of British Columbia (UBC) to develop a low-cost and scalable method for making silicon-based anode to improve the energy density of lithium-ion batteries.
READ: MGX Minerals, the diversified mining, water and energy storage group, advancing on a number of fronts
The ultimate goal is to create Li-ion batteries capable of quadrupling energy density from the current 100 Wh/kg up to 400 Wh/kg for long-range electric vehicles and grid storage.
MGX has three silicon projects in southeastern British Columbia - Koot, Wonah and Gibraltar.
A one-ton sample of quartzite from the Gibraltar project was recently shipped to the lab and testing showed the material was of high initial purity, making it chemically suitable as a medium-quality feedstock material for metallurgical-grade silicon production.
The two-year research program will focus on:
- Fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock.
- Compositing nanostructured silicon with commercial graphite to develop a high-performance silicon anode.
The purpose of the research is to replace the graphite anode with silicon and complete a hybrid in the short-term which will not require retooling.
MGX shares added 1.49% in Toronto to $0.34.