viewMGX Minerals Inc.

MGX Minerals soon to commission second advanced wastewater treatment system

Mobilization of a third system s also being finalized, the Vancouver-based company said

Oil barrels and crane
The technology can be deployed in the oil and gas wastewater sector

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 [email protected]

Follow him on Twitter @Gile74

Quick facts: MGX Minerals Inc.

Price: 0.135 CAD

Market: CSE
Market Cap: $18.95 m

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