MGX Minerals Inc.

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Founded in 2012, MGX Minerals grew from its roots in conventional mining into a diversified clean energy technology company. Through direct research and development, strategic partnerships and acquisition of promising assets and technologies, MGX is fueling tomorrow’s clean energy economy.

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MGX Minerals Inc.

lockPrivateGroup

Founded in 2012, MGX Minerals grew from its roots in conventional mining into a diversified clean energy technology c......

people10 Members       (0)

8020 Admin posted a press release MGX Minerals Wins 2019 Suzanne West Environmental Excellence Award at the Global Petroleum Show in MGX MINERALS INC.


VANCOUVER, June 13, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce the Company has been awarded the Suzanne West Environmental Excellence Award at the 2019 Global Petroleum Show ("GPS") being held in Calgary, Alberta for its project entitled "Powering the Cleantech Economy with Innovation Wastewater Treatment." Launched in 2014, the Global Petroleum Show Awards Gala serves to be at the forefront of new industry trends and celebrates the leaders who drive change, shine a spotlight on excellence and promote healthy advancement within the petroleum industry.


"Recognition of MGX's technology at the 2019 GPS is a great endorsement from the oil and gas industry," said MGX President and CEO Jared Lazerson. "These areas of cleantech and new energy are experiencing a fundamental shift and we are proud to be a part of transitioning the oil industry towards electrification and continue to bridge traditional energy with the renewable energy economy."


About Global Petroleum Show
The Global Petroleum Show (GPS) is North America's Leading Energy Event attracting more than 50,000 international and domestic oil and gas executives from over 21,000 companies. Officials from government, national and international energy companies across the entire supply chain convene at GPS to share innovative technologies, conduct business and engage in complex and controversial discussions aimed to shape the future of the energy industry. The show also provides a platform for all industry players to develop strategies for oil and gas, renewables, and introduce new energy sources not yet discovered.



MGX MINERALS INC. - PROJECT: POWERING THE CLEANTECH ECONOMY WITH INNOVATIVE WASTEWATER TREATMENT - SUZANNE WEST ENVIRONMENTAL EXCELLENCE AWARD WINNER (CNW Group/MGX Minerals Inc.)



About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


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SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/13/c4812.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin posted a press release MGX Minerals Announces Wholly Owned Subsidiary MGX Renewables Inc. Completes Financing for Gross Proceeds of $2,005,000 for Public Listing and Advancement of Zinc-Air Flow Battery Production in MGX MINERALS INC.


VANCOUVER, June 12, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary MGX Renewables Inc. ("MGXR") has closed the previously announced offering of subscription receipts for gross proceeds of $2,005,000 through the sale of 8,020,000 subscription receipts at $0.25 per subscription receipt. Gross proceeds from the offering will be held in escrow by Computershare Trust Company of Canada and will be released upon completion of the escrow release conditions, which include completion of the plan of arrangement involving MGX and MGXR.


MGXR is a wholly-owned subsidiary of MGX Minerals Inc., and the financing is part of the listing transaction, whereby MGX will spin out 40% of the common shares of MGXR pursuant to a plan of arrangement under the Business Corporations Act (British Columbia), and MGXR will seek a listing on the Canadian Securities Exchange ("CSE"), which is expected to occur, immediately after closing the plan of arrangement.  The spin out is non-dilutive to shareholders of MGX Minerals Inc.


Each subscription receipt represents the right to automatically receive, upon closing of the plan of arrangement, one unit of MGXR, each unit comprising one MGXR share and one-half of one MGXR share purchase warrant. Each warrant will entitle the holder to acquire one MGXR share at a price per MGXR share of $0.35 until November 30, 2020, subject to accelerated expiry. The warrants will contain an accelerator clause whereby, if at any time after the date of issuance and prior to the expiry of the warrants the volume-weighted average trading price of the common shares exceeds $0.50 for a period of 10 consecutive trading days, MGXR is entitled, at its option, to accelerate the expiry date of the warrants by delivering written notice to the holders of warrants, to a date that is not less than 30 days following the delivery of such written notice.


MGXR paid finder's fees to EMD Financial and certain registered finders in connection with their assistance in the financing. The finder's fees are presently "held in escrow" pending the release of the subscription receipt proceeds to MXGR. The financing proceeds are expected to be used for further advancement of MGXR's renewable energy mass storage technology as well as general working capital purposes.


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW and energy storage in the range of 120kWh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.



Figure 1. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



Technology
The MGXR ESS is based upon unique patented zinc-air flow battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications


The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale, on-demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Forward-Looking Statements
Certain statements in this press release are forward-looking statements, which include completion of the proposed plan of arrangement, the listing on the CSE, development of technologies, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs and the ability to achieve goals.


The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.


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View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/12/c7149.html



MGX Minerals, Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin posted a press release MGX Minerals and Eureka Resources Enter Joint Venture Agreement to Install World's First Commercial Rapid Petrolithium Recovery System in Pennsylvania in MGX MINERALS INC.


VANCOUVER, June 10, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and Eureka Resources, LLC ("Eureka") are pleased to announce signing of a definitive Joint Venture Agreement ("JV" or the "Agreement") which outlines a new strategic partnership.



Figure 1. Eureka Resources Standing Stone Wastewater Treatment Facility (CNW Group/MGX Minerals Inc.)



Initial System Installation
The newly formed JV will initially focus on fast tracking deployment of the world's first commercial rapid lithium recovery system at Eureka's state-of-the-art Standing Stone advanced wastewater Treatment Facility ("Standing Stone") near Towanda, Pennsylvania. The JV is working to commission the system in Q3 2019.


Eureka's Standing Stone facility, which originally opened in 2013, provides regional energy producers with advanced wastewater treatment services for raw oil and gas brines.  Post-concentration lithium values in the range of 1,000ppm have been reported by Eureka and verified by MGX from produced water from within the Marcellus Shale.


Additional System Deployments
In addition to the initial system installation at Standing Stone, the JV has also outlined a growth strategy that focuses on growing lithium output and deploying additional rapid recovery systems throughout the Marcellus and Utica shale formations. This includes scaling up lithium output at Standing Stone, deploying additional systems to other Eureka facilities, and identifying new installation sites at third-party treatment facilities. Eureka shall retain exclusive rights to develop all JV relationships with third-party facilities within the Marcellus and Utica shall formations for an initial period of five years. Both Parties will have mutual discretion to further extend the JV for up to four additional years thereafter.


Joint Venture Details
Terms of the JV provide that MGX will initially receive a disproportionate share of gross revenue proceeds until its petrolithium unit capital costs are recovered.  Eureka will obtain and manage all necessary environmental permits related to each system installation as well as day-to-day operational duties. MGX will fabricate and install each system, market the petrolithium, and provide ongoing system maintenance.


Petrolithium
MGX has developed a rapid lithium extraction technology that eliminates or greatly reduces the physical footprint and investment needed for large, multi-phase, lake-sized, lined evaporation ponds. The technology enhances the quality of lithium extraction and recovery across a complex range of brines as compared with traditional solar evaporation and is applicable to oil and gas produced water, natural brine, lithium-rich mine brine and industrial plant wastewater. MGX's petrolithium technology was recognized with a Base & Specialty Metals Industry Leadership Award at the 2018 Platts Global Metals Awards.


MGX may utilize its petrolithium technology for lithium and other valued products production without first establishing mineral reserves supported by an independent technical report or completing a feasibility study. A production decision without the benefit of a technical report independently establishing mineral resources or reserves and any feasibility study demonstrating economic and technical viability creates increased uncertainty and heightens economic and technical risks of failure. Historically, such projects have a much higher risk of economic or technical failure.


About Eureka Resources
Eureka Resources provides industry-leading advanced treatment technology in oil and gas produced water management. Since 2008, Eureka's patented and permitted services have expanded to meet the growing need for produced water solutions and critical mineral production. Eureka's three conveniently located facilities provide regional environmental and economic solutions to oil and gas producers and the community. Learn more at www.eureka-resouces.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-and-eureka-resources-enter-joint-venture-agreement-to-install-worlds-first-commercial-rapid-petrolithium-recovery-system-in-pennsylvania-300864347.html


SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/10/c5263.html

MGX Minerals, Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com; Eureka Resources, Daniel Ertel, President and CEO, Telephone: 1.570.651.9972, Web: www.eureka-resources.com

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8020 Admin

20 days

8020 Admin posted a press release MGX Minerals Announces CSA Attestation of Renewable Energy Mass Storage Components in MGX MINERALS INC.


VANCOUVER, May 29, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that its wholly owned subsidiary MGX Renewables Inc. ("MGXR") has received material attestation from the Canadian Standards Association ("CSA") related to the use of system components in MGXR's energy storage systems.


The approval follows a comprehensive evaluation completed by the CSA that included oven conditioning to 136°C, resistance to deterioration from fluids and -40°C low temperature testing. Additionally, the material used for MGXR stacks and tanks successfully completed a 60-day immersion test, 90-day temperature test and flammability testing. Testing by the CSA related to pump housings is also nearing completion.


MGXR has also staffed a member on the Standards Technical Panel for UL 9540 and UL 9540A to contribute to development of energy storage safety standards. MGXR is also contributing to the development of NFPA 855, Standard for the installation of Energy Storage Systems and IEC energy storage standards. Most competing battery technologies have the risk of a thermal runaway and the new safety standards account for this risk by placing constraints on the installation. MGXR's technology has been designed without the risk of thermal runaway and as a result it is not subject to all these constraints.


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW and energy storage in the range of 120kWh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of Li-ion is a fixed power to energy ratio severely limiting flexibility and significantly increasing cost of energy storage when limited output power is required. This gives an overwhelming advantage to MGXR's zinc-air flow battery technology in high capacity, long duration commercial and industrial as well as grid-scale applications. In addition to containing no expensive commodities such as lithium or cobalt, the zinc-air flow battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional fixed power / energy ratio and allowing for scalable power with highly flexible energy storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s). The zinc-air flow battery has completely decoupled power and energy storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid-scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Recharging is also flexible and can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates large-scale arbitrage and cost savings opportunities as well as a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.


 



Figure 1. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



Technology
The MGXR ESS is based upon unique patented zinc-air flow battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale, on-demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-csa-attestation-of-renewable-energy-mass-storage-components-300857965.html


SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c4518.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

1 month

8020 Admin posted a press release MGX Minerals Announces Installation of Second Oilsands Wastewater Treatment System in MGX MINERALS INC.


VANCOUVER, May 16, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) reported today that engineering partner PurLucid Treatment Solutions ("PurLucid") expects to complete installation of a second wastewater treatment system this week, with full commissioning of the system on track to be completed by the target date of June 7, 2019.


The system has been deployed to an oil sands facility in Alberta and will treat a combination of wastewaters typical for steam assisted gravity drainage ("SAGD") facilities to levels suitable for reuse or low-cost disposal. The oilsands operator has agreed to pay a fixed processing fee and will benefit from significant cost savings while also reducing greenhouse gas emissions.


MGX and PurLucid's technology provides superior treatment outcomes when compared to conventional technology because it can treat wastewater brines without having to cool water first.  This results in significantly less energy use for a SAGD facility when managing produced water and also eliminates the major operational challenge of a heat exchanger fouling.



Figure 1. (CNW Group/MGX Minerals Inc.)




Figure 2. (CNW Group/MGX Minerals Inc.)




Figure 3. (CNW Group/MGX Minerals Inc.)



Rapid Lithium Brine Extraction Technology
MGX and PurLucid developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. 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.


About PurLucid
PurLucid's exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. The technology separates impurities from oil and gas wastewater and produces clean water as a final product. This allows for the recycling or controlled release of oilfield wastewater and reduces or eliminates downhole and associated transportation costs. Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more at www.purlucid.com. MGX has the right to acquire up to a 100% interest in PurLucid through successive investments.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-installation-of-second-oilsands-wastewater-treatment-system-300851344.html


SOURCE MGX Minerals Inc.



 


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/16/c2245.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

1 month

8020 Admin posted a press release MGX Minerals Announces Successful Generation of Dendritic Zinc Using Linear Regeneration Module; Zinc Regeneration Subsystem Development Completed in MGX MINERALS INC.


VANCOUVER, May 13, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that its wholly owned subsidiary MGX Renewables Inc. ("MGXR"), a leader in the development of zinc-air flow batteries for applications requiring long duration, high capacity storage, has successfully generated dendritic zinc fuel using its new "linear" regenerator module.


The fuel regeneration process requires application of an electric current across the opposing electrodes of each regeneration cell. Particles of zinc are "grown" on the cathode and oxygen is evolved on the anode. The zinc particles are periodically washed off the cathode using the same electrolyte in which they were produced and then stored in the fuel tank. The oxygen is then released into the atmosphere. A flexible number of regeneration cells are arranged in series electrically to increase the capacity of the complete regeneration module.


Successful operation of the regeneration module represents the culmination of development of the entire ZRS. This includes the mechanism for generating the flow of electrolyte to wash the zinc particles from the electrodes, the mechanism for collecting and transferring the particles so produced, and the control system that manages the sequencing of all regeneration functions. The control system is constructed from a custom microprocessor control board plus proprietary embedded software. All of this functionality has now been successfully integrated to enable the production of the zinc particulate fuel.


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 two other subsystems are the Fuel Storage Subsystem and the Power Generation Subsystem.



Figure 1. ZRS-4500 Zinc Regeneration Module (CNW Group/MGX Minerals Inc.)



MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW - 50MW and storage in the range of 120Kwh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio available in a lithium-ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of Li-ion is a linear power to storage ratio severely limiting flexibility and vastly increasing cost of storage even when limited output wattage is required. This gives an overwhelming advantage to MGXR's zinc-air fuel cell technology in high capacity, long duration commercial and industrial as well as grid scale applications. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s).


The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation.


Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates large scale arbitrage and cost savings opportunities as well as a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.



Figure 2. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



Technology
The MGXR ESS is based upon unique patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale on demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

SOURCE MGX Minerals Inc.



 


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/13/c3235.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

2 months

8020 Admin posted a press release MGX Minerals Announces Breakthrough in Development of High-Energy Lithium-Ion Batteries in MGX MINERALS INC.


VANCOUVER, April 18, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) reported today that its collaborative research partnership with the University of British Columbia ("UBC") has successfully developed a novel hybrid organic-inorganic material for use in engineering silicon interfaces. These interfaces will prove critical in achieving a highly efficient, long-lasting silicon anode that will aide in the development of next generation lithium-ion batteries capable of quadrupling energy density from the current standard of 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid-scale energy storage.


In addition to developing silicon interfaces, MGX and UBC are also currently conducting process optimization on metallurgical grade silicon. The goal is to utilize low-cost metallurgical-grade silicon as a feedstock to fabricate nanostructured silicon.


The overall objective of the MGX/UBC two-year research program is to develop a low-cost and scalable method that will fabricate a silicon-based anode to improve the energy density of Li-ion batteries. Dr. Jian Liu, Assistant Professor in the School of Engineering at UBC Okanagan, is leading a research group focused on advanced materials for energy storage. Dr. Liu was previously the technical lead for development of surface coating materials by atomic and molecular layer deposition, and their applications in surface and interface engineering on the anode and cathode of Li-ion batteries and beyond, at Western University and Pacific Northwest National Laboratory.



Figure 1. Fabrication and evaluation of Si-based anode for Li-ion batteries (CNW Group/MGX Minerals Inc.)



MGX Silicon Projects
MGX operates three silicon projects in southeastern British Columbia- Koot, Wonah and Gibraltar. A one-ton sample of quartzite from the Company's Gibraltar project was recently shipped to the independent lab Dorfner Anzaplan ("Dorfner") in Germany for mineralogical analyses. Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing. Results indicated that the material, after comminution and classification fraction, is of high initial purity (99.5 wt.-%), making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon production.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-breakthrough-in-development-of-high-energy-lithium-ion-batteries-300834333.html


SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2019/18/c2141.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

2 months

8020 Admin posted a press release MGX Minerals Announces Conditional Exchange Approval for Listing of Zinc-Air Flow Battery Subsidiary in MGX MINERALS INC.


VANCOUVER, April 11, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) reports that its wholly owned subsidiary MGX Renewables Inc. ("MGXR"), a leader in the development of zinc-air flow batteries for applications requiring long duration, high capacity storage, has received conditional approval to list its shares on the Canadian Securities Exchange ("CSE"). MGXR expects the listing to be finalized and shares to commence trading shortly. For more information on the MGXR plan of arrangement, please refer to the Company's news release dated November 1, 2018, available on the Company's profile on SEDAR at www.sedar.com and at www.mgxminerals.com.



Figure 1. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



UL / CSA / ANSI Approval
MGXR reports regulatory approval for its system under UL / CAN / ANSI Standard 1973 is in progress. Recent research and development efforts thus far have focused on ensuring the reliability of materials used in fabrication of the systems. To date no significant issues have been identified and there is no expectation of any design changes inclusive of Fuel Cell, Energy Storage and Regenerator Modules prior to approval.


Market Analysis Study
MGXR has retained a leading independent firm to complete an updated market analysis study. Results of the study demonstrate a large and expanding market for long duration energy storage systems ("ESS"). This view was further strengthened recently from a request for proposals issued by the U.S. Department of Energy that defined long duration as a range from 10 to 100 hours- an attribute that is ideal for a zinc-air flow battery as this storage capacity cannot be met economically by any known lithium-ion chemistry.


Thanks to ample opportunities provided by zinc-air flow battery technology to directly integrate into vertical markets, MGXR has commenced selection of markets for early deployment. The Commercial and Industrial (C&I) market is seen as highly favorable with global scale opportunities for both equipment sales and self-owned energy storage systems both as a renewables and peak power provider. Additionally, electricity tariff rates in New York and California have been analyzed in detail to confirm the viability of the business case. A target demonstration site in New York has been contracted and work to refine the system configuration is in progress in cooperation with the customer and local system integrator. Distribution plans for systems to additional states with incumbent and established system integrators continues along with international relationships that will enable markets in Europe, Asia and South America to be served in the near future.


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW - 50MW and storage in the range of 120Kwh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of Li-ion is a linear power to storage ratio severely limiting flexibility and vastly increasing cost of storage even when limited output wattage is required. This gives an overwhelming advantage to MGXR's zinc-air fuel cell technology in high capacity, long duration commercial and industrial as well as grid scale applications. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s). The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates large scale arbitrage and cost savings opportunities as well as a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.


Technology
The MGXR ESS is based upon unique patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale on demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-conditional-exchange-approval-for-listing-of-zinc-air-flow-battery-subsidiary-300830479.html


SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2019/11/c9800.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

3 months

8020 Admin posted a press release MGX Minerals Provides Revenue Projections for Initial Contracted Wastewater Treatment Systems in MGX MINERALS INC.


VANCOUVER, March 29, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and engineering partner PurLucid Treatment Solutions ("PurLucid") are pleased to provide the following update on commercial-scale deployment of its first two contracted wastewater treatment systems.


The first contracted system is now fully manufactured and being commissioned at an oilsands SAGD operation in Alberta to process evaporator blowdown water (EBD) and is expected to be operational shortly. Fabrication and deployment of the second contracted wastewater treatment system is scheduled for June and will also be deployed to an oilsands SAGD operator in Alberta. Both systems are capable of processing 10m3 per hour and upon completion of test and optimization phase, the customers will pay a fixed processing fee. The Company and PurLucid anticipate generating revenue of C$2.0 million in 2019 during the ramp up period from the first two contracted operations. Contracts are currently being negotiated for additional wastewater treatment systems and are expected to be finalized shortly.


The Company has issued a total of 520,000 common shares as consideration for services rendered to consultants of the Company. The shares are subject to a four-month hold period. Additionally, the Company has granted an aggregate of 3,825,000 options to certain consultants, directors and officers. The options are exercisable at a price of $0.39 per share for a period of two years from the date of grant.


Rapid Lithium Brine Extraction Technology
MGX and PurLucid developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. 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.


About PurLucid
PurLucid's exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. The technology separates impurities from oil and gas wastewater and produces clean water as a final product. This allows for the recycling or controlled release of oilfield wastewater and reduces or eliminates downhole and associated transportation costs. Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more at www.purlucid.com. MGX has the right to acquire up to a 100% interest in PurLucid through successive investments.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/March2019/29/c5929.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals and Eureka Resources Announce Joint Venture to Recover Lithium from Produced Water in Eastern United States in MGX MINERALS INC.

VANCOUVER, March 5, 2019 /PRNewswire/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and Eureka Resources, LLC have 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 in the eastern United States.


Deep natural gas reserves located in the Marcellus and Utica shale account for approximately 40% of all natural gas produced in the United States. The oil and gas operations in this region also generate large volumes of produced water.


Eureka uses advanced treatment technology to convert 10,000 barrels per day of this produced water into valuable co-products, including fresh water, high-purity sodium chloride and calcium chloride. Through this joint venture, Eureka will begin extracting lithium as well.


MGX has developed a rapid lithium extraction technology that eliminates or greatly reduces the physical footprint and investment needed for large, multi-phase, lake-sized, lined evaporation ponds. Its technology also enhances the quality of lithium extraction and recovery across a complex range of brines as compared with traditional solar evaporation. This technology can be used on oil and gas produced water, natural brine, lithium-rich mine brine and industrial plant wastewater.


"We are extremely pleased to partner with Eureka," stated MGX president and CEO Jared Lazerson. "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."


"This agreement marks a significant step forward in keeping Eureka in the forefront of advanced produced-water treatment. Through this joint venture, we can help meet the growing need for lithium while simultaneously making a positive environmental impact," said Dan Ertel, president and CEO of Eureka Resources. "We are pleased to partner with MGX, which brings proven technical and commercial lithium extraction expertise to our business model." 


About Eureka Resources
Eureka Resources provides industry-leading advanced treatment technology in oil and gas produced water management. Since 2008, Eureka's patented and permitted services have expanded to meet the growing need for produced water solutions and critical mineral production. Eureka's three conveniently located facilities provide regional environmental and economic solutions to oil and gas producers and the community. Learn more at www.eureka-resouces.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-and-eureka-resources-announce-joint-venture-to-recover-lithium-from-produced-water-in-eastern-united-states-300806407.html


SOURCE MGX Minerals Inc.

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Kh Lin

4 months

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals Announces Phase Two Development of Silicon Based Anode for High-Energy Lithium-Ion Batteries in MGX MINERALS INC.


VANCOUVER, Feb. 26, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) reported today that its collaborative research partnership with the University of British Columbia ("UBC") has completed a comprehensive baseline assessment of metallurgical silicon originating from each of the Company's three silicon projects in southeastern British Columbia. 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.


With the Phase One assessment completed, Phase two of the collaborative is now underway and will focus on developing a scalable process to upgrade metallurgical silicon originating from MGX's projects to battery-grade silicon anode. 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, telecommunication, wireless sensors and more.


About the Research Initiative
The objective of the MGX/UBC research consortium is to develop a low-cost and scalable method that will fabricate a silicon-based anode to improve the energy density of Li-ion batteries. The two-year research program seeks to focus on 1) fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock and 2) compositing nanostructured silicon with commercial graphite to develop a high-performance silicon anode. The initial goal of the research is to replace the graphite anode with silicon and complete a hybrid in the short-term which will not require industry retooling. The ultimate goal is to enable 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.


Dr. Jian Liu, Assistant Professor in the School of Engineering at UBC Okanagan, is leading a research group focused on advanced materials for energy storage. Dr. Liu was previously the technical lead for development of surface coating materials by atomic and molecular layer deposition, and their applications in surface and interface engineering on the anode and cathode of Li-ion batteries and beyond, at Western University and Pacific Northwest National Laboratory.


MGX Silicon Projects
MGX operates three silicon projects in southeastern British Columbia- Koot, Wonah and Gibraltar. A one-ton sample of quartzite from the Company's Gibraltar project was recently shipped to the independent lab Dorfner Anzaplan ("Dorfner") in Germany for mineralogical analyses. Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing. Results indicated that the material, after comminution and classification fraction, is of high initial purity (99.5 wt.-%), making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon production.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-phase-two-development-of-silicon-based-anode-for-high-energy-lithium-ion-batteries-300801829.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/26/c4525.html

Contact Information: Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals Announces Oilsands Lithium Extraction and Wastewater Treatment System Deployments in MGX MINERALS INC.


VANCOUVER, Feb. 7, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and engineering partner PurLucid Treatment Solutions ("PurLucid") are pleased to report a second deployment of an advanced wastewater treatment system is near completion and commissioning is expected shortly. The system is capable of processing up to 10m3 per hour. The system will significantly reduce greenhouse gases through energy savings on steam generation. The technology provides superior treatment outcomes when compared to conventional technology which requires offsite trucking and high cost (due to toxicity) disposal. The technology can treat the water in line, under temperature and pressure, without cooling water first and is a paradigm shift advancement in waste water management and oilsands operations. This will result in significantly less energy use for water treatment, reduction in greenhouse gases and also eliminate a major operational challenge of a ("SAGD") facility, which is heat exchanger fouling.


Mobilization of a third system, capable of processing 10m3 per hour to extract lithium from brine, is also being finalized. This lithium can be extracted by the technology once the water is cleaned of oil and bitumen as result of the front-end water treatment system processing. Commencement of lithium extraction will occur as this customer comes online.


Rapid Lithium Brine Extraction Technology
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. 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.


About PurLucid
PurLucid's exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. The technology separates impurities from oil and gas wastewater and produces clean water as a final product. This allows for the recycling or controlled release of oilfield wastewater and reduces or eliminates downhole and associated transportation costs. Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more at www.purlucid.com. MGX has the right to acquire up to a 100% interest in PurLucid through successive investments.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-oilsands-lithium-extraction-and-wastewater-treatment-system-deployments-300791383.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/07/c3887.html

Contact Information: Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals Announces Appointment of Ron MacDonald to MGX Renewables Board of Directors in MGX MINERALS INC.


VANCOUVER, Feb. 5, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to report that its wholly owned subsidiary MGX Renewables Inc. ("MGXR"), a leader in the development of low-cost energy storage systems, has appointed former Canadian Member of Parliament and renewables / infrastructure industry veteran and energy specialist Ron MacDonald to its Board of Directors effective immediately.


Mr. MacDonald has over 35 years of both public and private sector experience, ranging from international roles within the Parliament of Canada to serving on the boards of numerous publicly listed resource companies. From 1988 to 1997, he was the Member of Parliament for Halifax, Nova Scotia, during which time he was appointed by the Prime Minister of Canada as Parliamentary Secretary of International Trade. From 1997-2002, Mr. MacDonald was President and CEO of the Council of Forest Industries, a large lumber manufacturing, grading and marketing group, where he developed new markets in China, Korea, India and Japan. Ron was a Director and Founding Member of Canada Wood, one of Canada's most successful marketing programs opening up global markets for Canadian Wood Products. Mr. MacDonald has served as Executive Chairman and Director of American Vanadium Corp. as well as Executive Chairmen of Critical Elements Corp. Ron has also been a contributor to the EU Commission Framework 7 policy paper on "Scarcity of Strategic Minerals" and a presenter at conferences throughout the United States, Canada, Europe and Asia on strategic minerals needed to support the renewable energy and storage industries. In recent years Mr. MacDonald has served as President of NRStor Remote Communities and Mines, a Canadian company focused on partnering with off-grid Indigenous communities and mines to develop renewable energy and energy storage projects.


"Mr. MacDonald's appointment to MGXR's board of directors comes at an exciting time, "stated MGXR President and CEO Jared Lazerson. "As we begin rolling out our new lineup of zinc-battery modular storage systems and file the public listing for MGXR, Mr. MacDonald's vision, experience, and vast global network will be crucial in the sales and energy arbitrage opportunities based on the MGXR product line. As both a great Canadian and global citizen, Mr. MacDonald is well qualified to be entrusted with this low-cost battery technology that can only be described as the missing link in the global shift to renewable energy and on demand distributed power."


The Company is also pleased to report that MGXR has receive final court approval for its plan of arrangement (see press release dated December 18, 2018) as well as submitted an initial filing to obtain a public listing on the Canadian Securities Exchange (CSE).


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-appointment-of-ron-macdonald-to-mgx-renewables-board-of-directors-300789462.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/05/c4500.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

5 months

8020 Admin posted a press release MGX reports initial revenue and performance data from the successful commercialization of its first petrolithium system in Alberta in MGX MINERALS INC.

ZURICH, SWITZERLAND / ACCESSWIRE / January 17, 2019 / Today, MGX Minerals Inc. (CSE: XMG); (OTCQB: MGXMF); (Frankfurt: 1MG) announced results from the successful commissioning of its first wastewater treatment system currently under contract with a major oilsands SAGD producer in Alberta, Canada. The commercial-scale 5m3/hour (750 barrel/day) NFLi-5 advanced wastewater treatment system is capable of processing evaporator blowdown water (EBD) and started operations in late November 2018.


Today's reported commissioning results are based on a 3-week study period in December 2018 and demonstrate that the system was "highly successful in achieving all treatment chemical key performance indicators", the company stated. "Most notable were treatment outcomes, which included removal of silica, calcium and magnesium totaling 99.7%, 88% and 72%, respectively. Additionally, total suspended solids in the treated product were non-detectable, effectively creating a clean water by-product for reuse."


This now marks the historic achievement of having successfully deployed a fully functional commercial system capable of cleaning highly contaminated EBD production wastewaters from the oilsands industry. No other company can achieve such on a commercial-scale, which gives MGX Minerals a prominent first mover advantage in this multi-billion industry eagerly looking for ways to significantly reduce operational costs and environmental footprints (e.g. GHG emissions and toxic wastewater disposal).


The full report can be accessed withthe following links:


English (web version): http://rockstone-research.com/index.php/en/research-reports/5341-MGX-Minerals-reports-initial-revenue-and-performance-data-from-the-successful-commercialization-of-its-first-wastewater-treatment-system-in-Alberta


English (PDF): http://rockstone-research.com/images/PDF/MGX86en.pdf


German (PDF): http://rockstone-research.com/images/PDF/MGX86Bde.pdf


German (web version): http://rockstone-research.com/index.php/de/research-reports/5342-MGX-Minerals-berichtet-ueber-anfaengliche-Einnahmen--und-Performance-Daten-von-der-erfolgreichen-Kommerzialisierung-der-ersten-Petrolithium-Anlage-in-Alberta


Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research and MGX Minerals Inc. cautions investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the MGX´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the MGX´s profile on SEDAR at www.sedar.com. Cautionary Statement: MGX Minerals Inc. ("MGX") may decide to advance its petrolithium projects into production without first establishing mineral resources supported by an independent technical report or completing a feasibility study. A production decision without the benefit of a technical report independently establishing mineral resources or reserves and any feasibility study demonstrating economic and technical viability creates increased uncertainty and heightens economic and technical risks of failure. Historically, such projects have a much higher risk of economic or technical failure. Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist. MGX Minerals Inc. has paid Zimtu Capital Corp. to provide this report and other investor awareness services.The author, Stephan Bogner, holds a long position in MGX Minerals Inc. and is being paid by Zimtu Capital Corp. for the preparation and distribution of this report, whereas Zimtu Capital Corp. also holds a long position in MGX Minerals Inc.

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8020 Admin

5 months

8020 Admin posted a press release MGX Minerals Announces Annual General and Special Meeting Results in MGX MINERALS INC.


VANCOUVER, Jan. 16, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report that shareholders voted in favor of all resolutions brought forth at the Company's annual general and special meeting of shareholders (the "Meeting") held on Friday, January 11, 2019 in Vancouver, British Columbia.


At the Meeting 17.7% of shares on record were voted. The ordinary resolutions proposed and approved at the Meeting included:



  • The number of Directors was set to five;

  • The five members re-elected to the Board of Directors included: Jared Lazerson, Lyndon Patrick, Michael Reimann, Andris Kikauka and Christopher Wolfenberg;

  • Adam Sung Kim Ltd. was re-appointed as auditor of the Company; and

  • The existing 10% rolling stock option plan was approved.


 


MGX shareholders also approved the special resolution to authorize a plan of arrangement involving MGX, its shareholders and its wholly-owned subsidiary, MGX Renewables Inc. (the "Reorganization Resolution"). Under the plan of arrangement, MGX shareholders of record on June 29, 2018 would receive one MGX Renewables Inc. share for each 12.4163 MGX shares then held, and MGX shareholders of record on October 22, 2018 would receive on MGX Renewables Inc. share for each 59.8186 MGX shares then held as a return of capital. The Reorganization Resolution was approved by approximately 98.06% of the votes cast by MGX shareholders represented in person or by proxy at the Meeting.


As previously announced, with respect to MGX Renewables Inc., the Company will complete a spin-out of 40% of the common shares of MGX Renewables Inc. to shareholders pursuant to a plan of arrangement as part of a going public transaction planned for February 2019.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-annual-general-and-special-meeting-results-300779181.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2019/16/c6754.html



Contact Information: Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Closes $6.8M Non-Brokered Private Placement with $3.6M Second Tranche in MGX MINERALS INC.



Canada NewsWire




/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

VANCOUVERDec. 21, 2018 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce, further to its news releases dated November 23, 2018 and November 27, 2018, it has closed the second and final tranche of its previously announced non-brokered private placement financing (the "Offering").


The second tranche generated gross proceeds of $3,610,449.80 by issuance of 5,008,384 flow through units (the "FT Units") at $0.65 per FT Unit and 591,667 non-flow through units (the "NFT Units") at $0.60 per NFT Unit. Aggregate proceeds raised under the first and second tranche of the offering total $6,806,448.35.


Each NFT Unit is comprised of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share of the Company for a period of 36 months from the date of issuance at an exercise price of $0.67.  Each FT Unit is comprised of one Common Share issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one Common Share purchase warrant (each whole warrant, a "FT Warrant").  Each FT Warrant will entitle the holder to acquire one additional Common Share, on a non-flow through basis, for a period of 36 months from the date of issuance at a price of $0.70.


The securities issued under the Offering will be subject to a hold period of four-months and one day.


The FT Unit proceeds will be used for qualified mineral exploration expenses on the Company's projects in Canada including Driftwood Magnesium Oxide, Fran Gold, Ren Niobium-Titanium-Rare Earth, and multiple Silicon Projects. The NFT Unit proceeds are expected to be used for advancement of the Company's global water treatment and lithium assets, including continued investment into extraction equipment and PurLucid, property payments and additional acquisitions, engineering studies, permitting activities, and for general working capital.


In connection with the Offering, the Company paid finder's fees to EMD Financial Inc. under the terms previously disclosed in the news release dated November 23, 2018.


This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


CisionView original content:http://www.prnewswire.com/news-releases/mgx-minerals-closes-6-8m-non-brokered-private-placement-with-3-6m-second-tranche-300770415.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2018/21/c4544.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.comCopyright CNW Group 2018



News Provided by Canada Newswire via QuoteMedia

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Announces Partnership with University of British Columbia to Develop Metallurgical Silicon Based Anode for High-Energy Lithium-Ion Batteries in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 20, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report it is funding a research consortium with the University of British Columbia (“UBC”) to develop a low-cost and scalable method for fabricating Silicon based anode to improve the energy density of Li-ion batteries. The two-year research program will focus on 1) fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock and 2) 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. The ultimate goal is to enable 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.


























Table 1.
  Schedule of program milestones






















Figure 1.
  Fabrication and evaluation of Si-based anode for Li-ion batteries





Leading research and development will be Dr. Jian Liu, Assistant Professor in the School of Engineering at UBC Okanagan. Dr. Liu is leading a research group focused on advanced materials for energy storage. Dr. Liu was previously the technical lead on the development of surface coating materials by atomic and molecular layer deposition, and their applications in surface and interface engineering on the anode and cathode of Li-ion batteries and beyond, at Western University and Pacific Northwest National Laboratory.


MGX Silicon Projects
MGX operates three silicon projects in southeastern British Columbia - Koot, Wonah and Gibraltar. A one-ton sample of quartzite from the Company’s Gibraltar project was recent shipped to the independent lab Dorfner Anzaplan (“Dorfner“) in Germany for mineralogical analyses. Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting, and thermal stability testing. Results indicate that the material, after comminution and classification fraction, is of high initial purity (99.5 wt.-%), making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon production.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/67092ed9-0044-4fe5-988f-d6e2b3969cf4


http://www.globenewswire.com/NewsRoom/AttachmentNg/772156dc-5242-49e2-8da6-d3013405a965



Contact Information

Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Receives Court Approval for Plan of Arrangement with MGX Renewables; Commences Testing of Regenerator / Charging Module in MGX MINERALS INC.

VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / December 18, 2018 / MGX Minerals Inc. (''MGX'' or the ''Company'') (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Company has received an interim order from the Supreme Court of British Columbia in respect of the Plan of Arrangement (the ''Interim Order'') with its wholly-owned subsidiary MGX Renewables Inc. (''MGX Renewables'') whereby MGX will complete a spin-out of 40% of the common shares of MGX Renewables (''MGX Renewables Shares'') pursuant to a plan of arrangement (the ''Plan of Arrangement'') under the Business Corporations Act (British Columbia) as part of a going public transaction planned for early February 2019.


Pursuant to the Interim Order, the spin-out will require certain approvals by MGX shareholders at the Company's annual general and special meeting, which is expected to take place on January 11, 2019 (the ''Meeting''). For more information on the Plan of Arrangement, please refer to the Company's management information circular mailed to MGX shareholders in connection with the Meeting, dated November 30, 2018, and its news releases dated November 1, 2018 and November 30, 2018, available on the Company's profile on SEDAR at www.sedar.com and at www.mgxminerals.com.


ZRM-4500 Zinc Regeneration Module


The MGXR ZRM-4500 is a zinc regeneration module that uses electricity to extract zinc particles from a potassium zincate solution. It is composed of up to 18 bipolar plates connected in series and driven from a nominal 60 Volt input. The unit is constructed of Noryl plastic and magnesium alloy and is fitted with SurLok connectors for quick electrical installation. Instrumentation includes an embedded microprocessor control system and associated voltage sensors. The current configuration has a rated input power of 4.5kW, duty cycle of 80%, operating life of 20,000 hours, and recharge capacity of 1.75kWh / h.


Technology
The ZRM-4500 is a key component of MGXR's unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is recharging, the zinc particles are regenerated and the evolved oxygen is returned to the surrounding air by the Zinc Regeneration Module (ZRM).


Figure 1. Regenerationmodule



 


MGXR Energy Storage System


The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW – 50MW and storage in the range of 120Kwh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air


The fundamental limitation of a linear power to storage ratio and cost burden associated with both lithium-ion and lack of flexibility gives an overwhelming advantage to MGXR's zinc-air fuel cell technology. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s). The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates both an arbitrage opportunity and cost savings opportunity but a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.


Figure 2. MGXR modular Energy Storage System (ESS)


Technology
The MGXR ESS is based upon unique and patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, the zinc particles are regenerated and the oxygen is returned to the surrounding air.


About MGX Renewables


MGX Renewables, has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information


Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Legal Advisories


Listing of the MGX Renewables shares remains subject to CSE approval. A market for MGX Renewables Shares may not sustainably develop following thecompletion of the Plan of Arrangement. If a market for MGX Renewables Shares does not sustainably develop, MGX shareholders may have difficulty selling their MGX Renewables Shares and the market price for MGX Renewables Shares may be volatile and subject to wide fluctuations in response to numerous factors, many of which are beyond the Company's and MGX Renewables' control. If the MGX Renewables Shares are not accepted for listing on a recognized exchange then the Plan of Arrangement may not be completed.


Following completion of the Plan of Arrangement, the Company may own or control MGX Renewables Shares and that ownership or control may be material. As a result, the Company could have the ability to control or veto matters submitted to MGX Renewables’ shareholders for approval. This may negatively affect the attractiveness of MGX Renewables to third parties considering an acquisition of MGX Renewables or cause the market price of the MGX Renewables Shares to decline. The interests of the Company may not in all cases be aligned with the interests of MGX Renewables' shareholders. In addition, the Company may have an interest in pursuing acquisitions, divestitures and other transactions that, in the judgment of its management, could enhance its equity investment, even though such transactions mightinvolve risks to MGX Renewables' shareholders and may ultimately adversely affect the market price of the MGX Renewables Shares. So long as the Company continues to own, directly or indirectly, a significant amount of the MGX Renewables Shares, the Company may be able to strongly influence or effectivelycontrol MGX Renewables' decisions.


The Company does, from time to time, make investments in other companies and in its own research and development initiatives. As such, the Company may acquire interests in companies or otherwise develop businesses that directly or indirectly compete with all or certain portions of MGX Renewables' business or that are suppliers to, or customers of, MGX Renewables.


MGX shareholders should consult their own tax advisors in respect of the Plan of Arrangement.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


SOURCE: MGX Minerals Inc.

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8020 Admin

6 months

8020 Admin posted a press release Belmont Re-Starts Drilling at Kibby Basin Nevada Lithium Brine Project with MGX Minerals; Adds Two New Key Members to the Board of Directors in MGX MINERALS INC.

ZURICH, SWITZERLAND / ACCESSWIRE / December 18, 2018 / Today, Belmont Resources Inc. (TSX.V: BEA); (FSE: L3L1) announced that drilling at the Kibby Basin Project with MGX Minerals Inc. (CSE: XMG); (OTCQB: MGXMF); (FSE: 1MG) has re-commenced. The company also reported that Jared Lazerson, CEO of MGX Minerals (currently owning a 25% interest of the Kibby Basin Project) and financier Karim Rayani have joined Belmont's Board of Directors. This time at a different location in the basin, the current hole (KB-4) is planned to be drilled to a depth of 300 m, which has been previously estimated to take about a week.


The full report can be accessed with the following links:


English (web version): http://rockstone-research.com/index.php/en/research-reports/5323-Belmont-Re-Starts-Drilling-at-Kibby-Basin-Nevada-Lithium-Brine-Project-with-MGX-Minerals;-Adds-Two-New-Key-Members-to-the-Board-of-Directors


English (PDF): http://rockstone-research.com/images/PDF/Belmont20en.pdf


German (PDF): http://rockstone-research.com/images/PDF/Belmont20de.pdf


German (web version): http://rockstone-research.com/index.php/de/research-reports/5322-Belmont-startet-Bohrung-beim-Kibby-Basin-Nevada-Lithiumprojekt-mit-MGX-Minerals-und-verstaerkt-den-Aufsichtsrat-mit-neuen-Schluesselpersonen


Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Belmont Resources Inc., MGX Minerals Inc. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Belmont´s and MGX Minerals´ public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Belmont´s and MGX´s profile on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF (see above) as fundamental risks and conflicts of interest exist. The author, Stephan Bogner, holds a long position in Belmont Resources Inc. and MGX Minerals Inc., and is being paid by Zimtu Capital Corp. for the preparation, publication and additional distribution of this report, whereas Zimtu Capital Corp. also holds a long position in Belmont Resources Inc. and MGX Minerals Inc. Belmont and/or MGX pay Zimtu for the preparation, publication and additional distribution of this report. Any mentioned historical information is relevant only as an indication that some mineralization occurs on the properties, and no resources, reserve or estimate is inferred.


SOURCE: Rockstone Research

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Receives Court Approval for Plan of Arrangement with MGX Renewables; Commences Testing of Regenerator / Charging Module in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 18, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Company has received an interim order from the Supreme Court of British Columbia in respect of the Plan of Arrangement (the “Interim Order”) with its wholly-owned subsidiary MGX Renewables Inc. (“MGX Renewables”) whereby MGX will complete a spin-out of 40% of the common shares of MGX Renewables (“MGX Renewables Shares”) pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) as part of a going public transaction planned for early February 2019.


























Figure 1.
  Regeneration module






















Figure 2.
  MGXR modular Energy Storage System (ESS)





Pursuant to the Interim Order, the spin-out will require certain approvals by MGX shareholders at the Company’s annual general and special meeting, which is expected to take place on January 11, 2019 (the “Meeting”). For more information on the Plan of Arrangement, please refer to the Company’s management information circular mailed to MGX shareholders in connection with the Meeting, dated November 30, 2018, and its news releases dated November 1, 2018 and November 30, 2018, available on the Company’s profile on SEDAR at www.sedar.com and at www.mgxminerals.com.


ZRM-4500 Zinc Regeneration Module
The MGXR ZRM-4500 is a zinc regeneration module that uses electricity to extract zinc particles from a potassium zincate solution. It is composed of up to 18 bipolar plates connected in series and driven from a nominal 60 Volt input. The unit is constructed of Noryl plastic and magnesium alloy and is fitted with SurLok connectors for quick electrical installation. Instrumentation includes an embedded microprocessor control system and associated voltage sensors. The current configuration has a rated input power of 4.5kW, duty cycle of 80%, operating life of 20,000 hours, and recharge capacity of 1.75kWh / h. 


Technology
The ZRM-4500 is a key component of MGXR’s unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is recharging, the zinc particles are regenerated and the evolved oxygen is returned to the surrounding air by the Zinc Regeneration Module (ZRM).


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW – 50MW and storage in the range of 120Kwh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of a linear power to storage ratio and cost burden associated with both lithium-ion and lack of flexibility gives an overwhelming advantage to MGXR’s zinc-air fuel cell technology. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s).  The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates both an arbitrage opportunity and cost savings opportunity but a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.  


Technology
The MGXR ESS is based upon unique and patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, the zinc particles are regenerated and the oxygen is returned to the surrounding air.


About MGX Renewables
MGX Renewables, has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Legal Advisories
Listing of the MGX Renewables shares remains subject to CSE approval. A market for MGX Renewables Shares may not sustainably develop following the completion of the Plan of Arrangement. If a market for MGX Renewables Shares does not sustainably develop, MGX shareholders may have difficulty selling their MGX Renewables Shares and the market price for MGX Renewables Shares may be volatile and subject to wide fluctuations in response to numerous factors, many of which are beyond the Company’s and MGX Renewables’ control. If the MGX Renewables Shares are not accepted for listing on a recognized exchange then the Plan of Arrangement may not be completed.


Following completion of the Plan of Arrangement, the Company may own or control MGX Renewables Shares and that ownership or control may be material. As a result, the Company could have the ability to control or veto matters submitted to MGX Renewables’ shareholders for approval. This may negatively affect the attractiveness of MGX Renewables to third parties considering an acquisition of MGX Renewables or cause the market price of the MGX Renewables Shares to decline. The interests of the Company may not in all cases be aligned with the interests of MGX Renewables’ shareholders. In addition, the Company may have an interest in pursuing acquisitions, divestitures and other transactions that, in the judgment of its management, could enhance its equity investment, even though such transactions might involve risks to MGX Renewables’ shareholders and may ultimately adversely affect the market price of the MGX Renewables Shares. So long as the Company continues to own, directly or indirectly, a significant amount of the MGX Renewables Shares, the Company may be able to strongly influence or effectively control MGX Renewables’ decisions.


The Company does, from time to time, make investments in other companies and in its own research and development initiatives. As such, the Company may acquire interests in companies or otherwise develop businesses that directly or indirectly compete with all or certain portions of MGX Renewables’ business or that are suppliers to, or customers of, MGX Renewables.


MGX shareholders should consult their own tax advisors in respect of the Plan of Arrangement.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at:


http://www.globenewswire.com/NewsRoom/AttachmentNg/7dc157e8-5b3e-4153-8d7c-a0f1db1d92d5


http://www.globenewswire.com/NewsRoom/AttachmentNg/e1f1f87d-3a69-45f2-9fd7-4dfb301e901d



Contact Information

Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Announces Drilling at Francisco Basin Lithium Project, Chile in MGX MINERALS INC.

VANCOUVER, BC / ACCESSWIRE / December 13, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that joint venture partner Chilean Lithium Salars ("CLS") is drilling at the Francisco Basin Project (the "Project") located 30 kilometres south of the Salar de Maricunga.


Figure 1. FranciscoBasin Electrical Resistivity Results


Figure 2. FranciscoBasin Cross Section


The 5-hole program was designed to target the brine aquifer that extends from the Northern Lagoon, where samples in May of 2018 averaged 694mg/L Lithium. (see press release dated September 27,2018). The drill program is testing lithium mineralization to a depth of up to 300 meters as well as the lateral extent of lithium mineralization.


The 1st hole is located in the center of where the salt lagoon anomaly encountered very high pressure of fresh water and was shut down at 20 meters.


The 2nd hole is located on the western edge of the anomaly (see Figure 2 showing drilling approximate location in red). It has successfully drilled and cased through the fresh water and is now advancing towards a depth of 110 meters where expected to encounter brine as predicted by the electro-magnetic survey.


The Project lease area comprises 12,900 hectares. An electromagnetic geophysical survey was completed in April 2018 and results indicated strong potential for the presence of two highly conductive brines zones where significant thickness and horizontal coverage may exist.


Figure 3. Drill Rig on site at Francisco Basin Project


Rapid LithiumBrine Extraction Technology


MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. MGX is prepared to mobilize a rapid lithium extraction system to the Francisco Basin.


Francisco Basin


The Francisco Basin Salar resides within a large, fault-bound, alluvium-filled basin to the immediate south of the Copiapó Volcano. The basin is closed, drains a large area and the Salar appears to be the lowest point within the drainage. The rocks in the drainage surrounding this salar are dominantly volcanic, ranging in age from Eocene to Miocene, juxtaposed with some older rocks. To the west is a Cretaceous sedimentary sequence separated from the volcanic rocks of the Francisco Basin area by the Cerro Guerrita Fault. To the east, an older Oligocene to Miocene volcanic sequence is overlain by the Copiapó volcanic rocks. The Francisco Basin alluvial basin sits at the junction of three catchments. These river systems presumably provide the fill for the basin and are in part, along with the limits of the Salar, structurally controlled. The alluvial fill may be covering post-Copiapó aged faulting.


About MGX's Chilean Lithium Joint Venture


MGX is earning a 50% interest in CLS, which is a wholly owned subsidiary of Chilean Lithium Salars Holdings Ltd. ("CLSH"). CLSH holds a 100% interest in three prospective lithium exploration projects located in Chile, including the Francisco Basin, Laguna Brava and Laguna Escondida projects. To acquire an undivided 50% interest in CLS, MGX has agreed to make Option Payments totaling US$1.5 million, incur exploration expenditures totaling US$2 million, and complete an NI 43-101 resource estimate on at least one of the Projects within 20 months. MGX is acting as project operator and has appointed Mr. Aldo Boitano, current project manager for CLS, as to oversee the project and work alongside Kura Minerals. MGX maintains the right to participate as a service provider of the engineering, construction and/or procurement of a brine processing plant using its rapid lithium extraction technology.


About Kura Minerals


MGX is represented by Kura Minerals in Chile and led by MGX's President of South America Operations Francisco Acuña (P. Eng.). Kura Minerals is a leading mining consulting firm with a network extending throughout South America. Additional Kura personnel and consultants include Erich Schnake, former Chilean Mining Ministry Undersecretary, Alvaro Florez (LL.B) and Thomas Eggers.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information


Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that anyforward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


SOURCE: MGX Minerals Inc.

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Announces Drilling at Francisco Basin Lithium Project, Chile in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that joint venture partner Chilean Lithium Salars (“CLS”) is drilling at the Francisco Basin Project (the “Project”) located 30 kilometres south of the Salar de Maricunga.


























Figure 1.
  Francisco Basin Electrical Resistivity Results






















Figure 2.
  Francisco Basin Cross Section






















Figure 3.
  Drill Rig on site at Francisco Basin Project





The 5-hole program was designed to target the brine aquifer that extends from the Northern Lagoon, where samples in May of 2018 averaged 694mg/L Lithium. (see press release dated September 27, 2018). The drill program is testing lithium mineralization to a depth of up to 300 meters as well as the lateral extent of lithium mineralization.


The 1st hole is located in the center of where the salt lagoon anomaly encountered very high pressure of fresh water and was shut down at 20 meters.


The 2nd hole is located on the western edge of the anomaly (see Figure 2 showing drilling approximate location in red). It has successfully drilled and cased through the fresh water and is now advancing towards a depth of 110 meters where expected to encounter brine as predicted by the electro-magnetic survey.


The Project lease area comprises 12,900 hectares. An electromagnetic geophysical survey was completed in April 2018 and results indicated strong potential for the presence of two highly conductive brines zones where significant thickness and horizontal coverage may exist.


Rapid Lithium Brine Extraction Technology
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. MGX is prepared to mobilize a rapid lithium extraction system to the Francisco Basin.


Francisco Basin
The Francisco Basin Salar resides within a large, fault-bound, alluvium-filled basin to the immediate south of the Copiapó Volcano. The basin is closed, drains a large area and the Salar appears to be the lowest point within the drainage. The rocks in the drainage surrounding this salar are dominantly volcanic, ranging in age from Eocene to Miocene, juxtaposed with some older rocks. To the west is a Cretaceous sedimentary sequence separated from the volcanic rocks of the Francisco Basin area by the Cerro Guerrita Fault. To the east, an older Oligocene to Miocene volcanic sequence is overlain by the Copiapó volcanic rocks. The Francisco Basin alluvial basin sits at the junction of three catchments. These river systems presumably provide the fill for the basin and are in part, along with the limits of the Salar, structurally controlled. The alluvial fill may be covering post-Copiapó aged faulting.


About MGX’s Chilean Lithium Joint Venture
MGX is earning a 50% interest in CLS, which is a wholly owned subsidiary of Chilean Lithium Salars Holdings Ltd. (“CLSH”). CLSH holds a 100% interest in three prospective lithium exploration projects located in Chile, including the Francisco Basin, Laguna Brava and Laguna Escondida projects.  To acquire an undivided 50% interest in CLS, MGX has agreed to make Option Payments totaling US$1.5 million, incur exploration expenditures totaling US$2 million, and complete an NI 43-101 resource estimate on at least one of the Projects within 20 months. MGX is acting as project operator and has appointed Mr. Aldo Boitano, current project manager for CLS, as to oversee the project and work alongside Kura Minerals. MGX maintains the right to participate as a service provider of the engineering, construction and/or procurement of a brine processing plant using its rapid lithium extraction technology.


About Kura Minerals 
MGX is represented by Kura Minerals in Chile and led by MGX’s President of South America Operations Francisco Acuña (P. Eng.). Kura Minerals is a leading mining consulting firm with a network extending throughout South America.  Additional Kura personnel and consultants include Erich Schnake, former Chilean Mining Ministry Undersecretary, Alvaro Florez (LL.B) and Thomas Eggers.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at:


http://www.globenewswire.com/NewsRoom/AttachmentNg/5607caac-4f86-4def-b0e2-e0b8e2d79a9e


http://www.globenewswire.com/NewsRoom/AttachmentNg/04eeeae7-7121-4567-b170-d4438a2cb2fa


http://www.globenewswire.com/NewsRoom/AttachmentNg/ae0ea6cc-662e-4047-845b-db22af491fda


Contact Information

Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Advances Western US Geothermal Lithium Brine Extraction Strategy; Renews Contract with Senator Polanco (Ret.) in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 10, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce receipt of the independent, 3rd party scale up and technology engineering review of the Company’s rapid lithium extraction technology for geothermal implementation in the Western United States. The report provides recommendations to implement large-scale application of the technology, including:



  1. Comprehensive review of rapid lithium extraction technology including flow systematics, processes in the scaling of technology and extraction process review; and

  2. High level project engineering scope and timeline schedule for buildout.


The Company has targeted geothermal lithium exploration in California and other Western States for potential partnerships and acquisition targets to secure lithium brine feedstock and operating sites for its lithium extraction and water treatment systems. Engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) has developed high temperature filtration for the purification of geothermal brines.


It is well known that geothermal brines contain concentrated amounts of metals and dissolved salts. The presence of these impurities, combined with the necessity to reduce brine temperature in order for traditional filtration to occur, is a large industry barrier known as scaling that severely reduces flow and heat transfer of geothermal heat exchangers. This in turn negatively impacts the long-term operating performance and, in many cases, eliminates the economic viability of these systems. Geothermal brines are known to contain lithium, magnesium and other minerals and metals including gold.


PurLucid has developed a proprietary, low energy design process that removes these scale-forming ions and dissolved salts while not requiring a reduction in brine temperatures for filtration to occur. This process utilizes PurLucid’s existing patented and licensed replaceable membrane skin layers (RSL) filtration system, originally developed by David Bromley Engineering, which creates highly charged pore spaces to force dissolved ions into colloidal particles, simultaneously filtered down to 0.01 microns. The RSL is designed specifically to foul and is removed and replaced in situ, resulting in 100% flux rate recovery. The matrix is composed of materials capable of operating at up to 700 degrees Celsius. Geothermal temperatures rarely exceed 250 degrees.


Similar to MGX and PurLucid’s existing wastewater treatment and rapid petrolithium recovery systems, the Company and PurLucid are engineering fabrication of treatment systems capable of being integrated into existing geothermal infrastructure for both the pre or post power plant phase.  The importance of high temperature operation in the post power plant phase allows return water temperature to remain high which is a primary environmental permit requirement so as not to unnecessarily cool the geothermal resource.  MGX owns the global rights to the minerals extraction technology jointly developed. The intellectual property is patent pending with core water treatment technology covered under a variety of patents and licenses.  MGX is the majority shareholder of PurLucid.


Contract Renewed with Senator Richard Polanco (Ret.)
MGX has renewed its contract with former California Senate Majority Leader Richard Polanco as an advisor and consultant to the Company. Senator Polanco continues to lead negotiations with the State of California and local municipalities regarding targeted exploration locations and sites identified by MGX as potential partnerships and acquisition targets to secure geothermal feedstock and operating sites.  Senator Polanco will also continue to advise MGX on local environmental solutions and support ongoing community and stakeholder relations.


Senator Polanco is a former California State Assembly Member and Senator, having been first elected in 1986. He served in the State Assembly for eight years and in 1994 was elected to the State Senate where he served as Senate Majority Leader from 1998 until his retirement in 2002.


Rapid Lithium Brine Extraction Technology
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

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8020 Admin

7 months

8020 Admin posted a press release MGX Minerals Enters Final Phase of Product Development for Next Generation Zinc Air Fuel Cell Systems in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 04, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary MGX Renewables, Inc. (“MGXR”) has entered the final phase of development for its next generation zinc-air mass storage systems.  All components of the system have been designed, tooled and received with the exceptions of the fuel cell and regenerator plates which comprise the housings, and the final system enclosure.  Housings are expected to arrive this month, followed by subsystem testing, this will be proceeded by system level testing in January.  All components are designed for mass production.  Many of the most sophisticated and proprietary components such as the cathode are manufactured in-house. 


























Figure 1
  MGXR modular Energy Storage System (ESS)






















Figure 2
  PGM-5000 Power Generation Module






















Figure 3
  ZRM-4500 Zinc Regeneration Module





MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW – 50MW and storage in the range of 120Kwh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of a linear power to storage ratio and cost burden associated with both lithium-ion and lack of flexibility gives an overwhelming advantage to MGXR’s zinc-air fuel cell technology. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s).  The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates both an arbitrage opportunity and cost savings opportunity but a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.   


Technology
The MGXR ESS is based upon unique and patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, the zinc particles are regenerated and the oxygen is returned to the surrounding air.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale on demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage           


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


PGM-5000 Power Generation Module
The MGXR PGM-5000 is a power generation module that combines oxygen from the atmosphere with zinc particles drawn from a storage tank to generate electricity. It is composed of 24 bipolar plates connected in series to produce a nominal 24 Volt ouput. Optional instrumentation includes an embedded microprocessor control system and associated voltage, temperature and pressure sensors.


Technology
The PGM-5000 is a key component of MGXR’s unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air in the Power Generation Module (PGM).


ZRM-4500 Zinc Regeneration Module
The MGXR ZRM-4500 is a zinc regeneration module that uses electricity to extract zinc particles from a potassium zincate solution. It is composed of up to 18 bipolar plates connected in series and driven from a nominal 60 Volt input. The unit is constructed of Noryl plastic and magnesium alloy and is fitted with SurLok connectors for quick electrical installation. Optional instrumentation includes an embedded microprocessor control system and associated voltage sensors.


Technology
The ZRM-4500 is a key component of MGXR’s unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is recharging, the zinc particles are regenerated and the evolved oxygen is returned to the surrounding air by the Zinc Regeneration Module (ZRM).


Spin-Off of MGX Renewables
MGX has previously announced arrangement agreement, dated October 31, 2018 with its wholly-owned subsidiary, MGX Renewables Inc. whereby MGX will complete the spin-out of 40% of the common shares of MGX Renewables (“MGX Renewables Shares”) pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) as part of a going public transaction.  For further information see the recent press release dated November 30, 2018.


About MGX Renewables
MGX Renewables, has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in lithium, magnesium and silicon assets throughout North America. Learn more at www.mgxminerals.com.


Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/1e9a81b7-81c6-4b86-99e6-e6354e539aec


http://www.globenewswire.com/NewsRoom/AttachmentNg/a887b948-c328-4db5-80a1-dbe70b666453


http://www.globenewswire.com/NewsRoom/AttachmentNg/a2d95bbc-2c37-4744-a5cc-71d414fb50aa

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MGX Minerals Inc.

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Founded in 2012, MGX Minerals grew from its roots in conventional mining into a diversified clean energy technology company. Through direct research and development, strategic partnerships and acquisition of promising assets and technologies, MGX is fueling tomorrow’s clean energy economy.

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MGX Minerals Inc.

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Founded in 2012, MGX Minerals grew from its roots in conventional mining into a diversified clean energy technology c......

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8020 Admin posted a press release MGX Minerals Wins 2019 Suzanne West Environmental Excellence Award at the Global Petroleum Show in MGX MINERALS INC.


VANCOUVER, June 13, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce the Company has been awarded the Suzanne West Environmental Excellence Award at the 2019 Global Petroleum Show ("GPS") being held in Calgary, Alberta for its project entitled "Powering the Cleantech Economy with Innovation Wastewater Treatment." Launched in 2014, the Global Petroleum Show Awards Gala serves to be at the forefront of new industry trends and celebrates the leaders who drive change, shine a spotlight on excellence and promote healthy advancement within the petroleum industry.


"Recognition of MGX's technology at the 2019 GPS is a great endorsement from the oil and gas industry," said MGX President and CEO Jared Lazerson. "These areas of cleantech and new energy are experiencing a fundamental shift and we are proud to be a part of transitioning the oil industry towards electrification and continue to bridge traditional energy with the renewable energy economy."


About Global Petroleum Show
The Global Petroleum Show (GPS) is North America's Leading Energy Event attracting more than 50,000 international and domestic oil and gas executives from over 21,000 companies. Officials from government, national and international energy companies across the entire supply chain convene at GPS to share innovative technologies, conduct business and engage in complex and controversial discussions aimed to shape the future of the energy industry. The show also provides a platform for all industry players to develop strategies for oil and gas, renewables, and introduce new energy sources not yet discovered.



MGX MINERALS INC. - PROJECT: POWERING THE CLEANTECH ECONOMY WITH INNOVATIVE WASTEWATER TREATMENT - SUZANNE WEST ENVIRONMENTAL EXCELLENCE AWARD WINNER (CNW Group/MGX Minerals Inc.)



About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


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SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/13/c4812.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin posted a press release MGX Minerals Announces Wholly Owned Subsidiary MGX Renewables Inc. Completes Financing for Gross Proceeds of $2,005,000 for Public Listing and Advancement of Zinc-Air Flow Battery Production in MGX MINERALS INC.


VANCOUVER, June 12, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary MGX Renewables Inc. ("MGXR") has closed the previously announced offering of subscription receipts for gross proceeds of $2,005,000 through the sale of 8,020,000 subscription receipts at $0.25 per subscription receipt. Gross proceeds from the offering will be held in escrow by Computershare Trust Company of Canada and will be released upon completion of the escrow release conditions, which include completion of the plan of arrangement involving MGX and MGXR.


MGXR is a wholly-owned subsidiary of MGX Minerals Inc., and the financing is part of the listing transaction, whereby MGX will spin out 40% of the common shares of MGXR pursuant to a plan of arrangement under the Business Corporations Act (British Columbia), and MGXR will seek a listing on the Canadian Securities Exchange ("CSE"), which is expected to occur, immediately after closing the plan of arrangement.  The spin out is non-dilutive to shareholders of MGX Minerals Inc.


Each subscription receipt represents the right to automatically receive, upon closing of the plan of arrangement, one unit of MGXR, each unit comprising one MGXR share and one-half of one MGXR share purchase warrant. Each warrant will entitle the holder to acquire one MGXR share at a price per MGXR share of $0.35 until November 30, 2020, subject to accelerated expiry. The warrants will contain an accelerator clause whereby, if at any time after the date of issuance and prior to the expiry of the warrants the volume-weighted average trading price of the common shares exceeds $0.50 for a period of 10 consecutive trading days, MGXR is entitled, at its option, to accelerate the expiry date of the warrants by delivering written notice to the holders of warrants, to a date that is not less than 30 days following the delivery of such written notice.


MGXR paid finder's fees to EMD Financial and certain registered finders in connection with their assistance in the financing. The finder's fees are presently "held in escrow" pending the release of the subscription receipt proceeds to MXGR. The financing proceeds are expected to be used for further advancement of MGXR's renewable energy mass storage technology as well as general working capital purposes.


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW and energy storage in the range of 120kWh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.



Figure 1. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



Technology
The MGXR ESS is based upon unique patented zinc-air flow battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications


The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale, on-demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Forward-Looking Statements
Certain statements in this press release are forward-looking statements, which include completion of the proposed plan of arrangement, the listing on the CSE, development of technologies, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs and the ability to achieve goals.


The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.


View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-wholly-owned-subsidiary-mgx-renewables-inc-completes-financing-for-gross-proceeds-of-2-005-000-for-public-listing-and-advancement-of-zinc-air-flow-battery-production-300866121.html



 


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/12/c7149.html



MGX Minerals, Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin posted a press release MGX Minerals and Eureka Resources Enter Joint Venture Agreement to Install World's First Commercial Rapid Petrolithium Recovery System in Pennsylvania in MGX MINERALS INC.


VANCOUVER, June 10, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and Eureka Resources, LLC ("Eureka") are pleased to announce signing of a definitive Joint Venture Agreement ("JV" or the "Agreement") which outlines a new strategic partnership.



Figure 1. Eureka Resources Standing Stone Wastewater Treatment Facility (CNW Group/MGX Minerals Inc.)



Initial System Installation
The newly formed JV will initially focus on fast tracking deployment of the world's first commercial rapid lithium recovery system at Eureka's state-of-the-art Standing Stone advanced wastewater Treatment Facility ("Standing Stone") near Towanda, Pennsylvania. The JV is working to commission the system in Q3 2019.


Eureka's Standing Stone facility, which originally opened in 2013, provides regional energy producers with advanced wastewater treatment services for raw oil and gas brines.  Post-concentration lithium values in the range of 1,000ppm have been reported by Eureka and verified by MGX from produced water from within the Marcellus Shale.


Additional System Deployments
In addition to the initial system installation at Standing Stone, the JV has also outlined a growth strategy that focuses on growing lithium output and deploying additional rapid recovery systems throughout the Marcellus and Utica shale formations. This includes scaling up lithium output at Standing Stone, deploying additional systems to other Eureka facilities, and identifying new installation sites at third-party treatment facilities. Eureka shall retain exclusive rights to develop all JV relationships with third-party facilities within the Marcellus and Utica shall formations for an initial period of five years. Both Parties will have mutual discretion to further extend the JV for up to four additional years thereafter.


Joint Venture Details
Terms of the JV provide that MGX will initially receive a disproportionate share of gross revenue proceeds until its petrolithium unit capital costs are recovered.  Eureka will obtain and manage all necessary environmental permits related to each system installation as well as day-to-day operational duties. MGX will fabricate and install each system, market the petrolithium, and provide ongoing system maintenance.


Petrolithium
MGX has developed a rapid lithium extraction technology that eliminates or greatly reduces the physical footprint and investment needed for large, multi-phase, lake-sized, lined evaporation ponds. The technology enhances the quality of lithium extraction and recovery across a complex range of brines as compared with traditional solar evaporation and is applicable to oil and gas produced water, natural brine, lithium-rich mine brine and industrial plant wastewater. MGX's petrolithium technology was recognized with a Base & Specialty Metals Industry Leadership Award at the 2018 Platts Global Metals Awards.


MGX may utilize its petrolithium technology for lithium and other valued products production without first establishing mineral reserves supported by an independent technical report or completing a feasibility study. A production decision without the benefit of a technical report independently establishing mineral resources or reserves and any feasibility study demonstrating economic and technical viability creates increased uncertainty and heightens economic and technical risks of failure. Historically, such projects have a much higher risk of economic or technical failure.


About Eureka Resources
Eureka Resources provides industry-leading advanced treatment technology in oil and gas produced water management. Since 2008, Eureka's patented and permitted services have expanded to meet the growing need for produced water solutions and critical mineral production. Eureka's three conveniently located facilities provide regional environmental and economic solutions to oil and gas producers and the community. Learn more at www.eureka-resouces.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-and-eureka-resources-enter-joint-venture-agreement-to-install-worlds-first-commercial-rapid-petrolithium-recovery-system-in-pennsylvania-300864347.html


SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/10/c5263.html

MGX Minerals, Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com; Eureka Resources, Daniel Ertel, President and CEO, Telephone: 1.570.651.9972, Web: www.eureka-resources.com

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8020 Admin

20 days

8020 Admin posted a press release MGX Minerals Announces CSA Attestation of Renewable Energy Mass Storage Components in MGX MINERALS INC.


VANCOUVER, May 29, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that its wholly owned subsidiary MGX Renewables Inc. ("MGXR") has received material attestation from the Canadian Standards Association ("CSA") related to the use of system components in MGXR's energy storage systems.


The approval follows a comprehensive evaluation completed by the CSA that included oven conditioning to 136°C, resistance to deterioration from fluids and -40°C low temperature testing. Additionally, the material used for MGXR stacks and tanks successfully completed a 60-day immersion test, 90-day temperature test and flammability testing. Testing by the CSA related to pump housings is also nearing completion.


MGXR has also staffed a member on the Standards Technical Panel for UL 9540 and UL 9540A to contribute to development of energy storage safety standards. MGXR is also contributing to the development of NFPA 855, Standard for the installation of Energy Storage Systems and IEC energy storage standards. Most competing battery technologies have the risk of a thermal runaway and the new safety standards account for this risk by placing constraints on the installation. MGXR's technology has been designed without the risk of thermal runaway and as a result it is not subject to all these constraints.


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW and energy storage in the range of 120kWh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of Li-ion is a fixed power to energy ratio severely limiting flexibility and significantly increasing cost of energy storage when limited output power is required. This gives an overwhelming advantage to MGXR's zinc-air flow battery technology in high capacity, long duration commercial and industrial as well as grid-scale applications. In addition to containing no expensive commodities such as lithium or cobalt, the zinc-air flow battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional fixed power / energy ratio and allowing for scalable power with highly flexible energy storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s). The zinc-air flow battery has completely decoupled power and energy storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid-scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Recharging is also flexible and can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates large-scale arbitrage and cost savings opportunities as well as a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.


 



Figure 1. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



Technology
The MGXR ESS is based upon unique patented zinc-air flow battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale, on-demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-csa-attestation-of-renewable-energy-mass-storage-components-300857965.html


SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/29/c4518.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

1 month

8020 Admin posted a press release MGX Minerals Announces Installation of Second Oilsands Wastewater Treatment System in MGX MINERALS INC.


VANCOUVER, May 16, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) reported today that engineering partner PurLucid Treatment Solutions ("PurLucid") expects to complete installation of a second wastewater treatment system this week, with full commissioning of the system on track to be completed by the target date of June 7, 2019.


The system has been deployed to an oil sands facility in Alberta and will treat a combination of wastewaters typical for steam assisted gravity drainage ("SAGD") facilities to levels suitable for reuse or low-cost disposal. The oilsands operator has agreed to pay a fixed processing fee and will benefit from significant cost savings while also reducing greenhouse gas emissions.


MGX and PurLucid's technology provides superior treatment outcomes when compared to conventional technology because it can treat wastewater brines without having to cool water first.  This results in significantly less energy use for a SAGD facility when managing produced water and also eliminates the major operational challenge of a heat exchanger fouling.



Figure 1. (CNW Group/MGX Minerals Inc.)




Figure 2. (CNW Group/MGX Minerals Inc.)




Figure 3. (CNW Group/MGX Minerals Inc.)



Rapid Lithium Brine Extraction Technology
MGX and PurLucid developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. 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.


About PurLucid
PurLucid's exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. The technology separates impurities from oil and gas wastewater and produces clean water as a final product. This allows for the recycling or controlled release of oilfield wastewater and reduces or eliminates downhole and associated transportation costs. Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more at www.purlucid.com. MGX has the right to acquire up to a 100% interest in PurLucid through successive investments.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-installation-of-second-oilsands-wastewater-treatment-system-300851344.html


SOURCE MGX Minerals Inc.



 


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/16/c2245.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

1 month

8020 Admin posted a press release MGX Minerals Announces Successful Generation of Dendritic Zinc Using Linear Regeneration Module; Zinc Regeneration Subsystem Development Completed in MGX MINERALS INC.


VANCOUVER, May 13, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that its wholly owned subsidiary MGX Renewables Inc. ("MGXR"), a leader in the development of zinc-air flow batteries for applications requiring long duration, high capacity storage, has successfully generated dendritic zinc fuel using its new "linear" regenerator module.


The fuel regeneration process requires application of an electric current across the opposing electrodes of each regeneration cell. Particles of zinc are "grown" on the cathode and oxygen is evolved on the anode. The zinc particles are periodically washed off the cathode using the same electrolyte in which they were produced and then stored in the fuel tank. The oxygen is then released into the atmosphere. A flexible number of regeneration cells are arranged in series electrically to increase the capacity of the complete regeneration module.


Successful operation of the regeneration module represents the culmination of development of the entire ZRS. This includes the mechanism for generating the flow of electrolyte to wash the zinc particles from the electrodes, the mechanism for collecting and transferring the particles so produced, and the control system that manages the sequencing of all regeneration functions. The control system is constructed from a custom microprocessor control board plus proprietary embedded software. All of this functionality has now been successfully integrated to enable the production of the zinc particulate fuel.


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 two other subsystems are the Fuel Storage Subsystem and the Power Generation Subsystem.



Figure 1. ZRS-4500 Zinc Regeneration Module (CNW Group/MGX Minerals Inc.)



MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW - 50MW and storage in the range of 120Kwh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio available in a lithium-ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of Li-ion is a linear power to storage ratio severely limiting flexibility and vastly increasing cost of storage even when limited output wattage is required. This gives an overwhelming advantage to MGXR's zinc-air fuel cell technology in high capacity, long duration commercial and industrial as well as grid scale applications. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s).


The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation.


Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates large scale arbitrage and cost savings opportunities as well as a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.



Figure 2. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



Technology
The MGXR ESS is based upon unique patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale on demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

SOURCE MGX Minerals Inc.



 


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/13/c3235.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

2 months

8020 Admin posted a press release MGX Minerals Announces Breakthrough in Development of High-Energy Lithium-Ion Batteries in MGX MINERALS INC.


VANCOUVER, April 18, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) reported today that its collaborative research partnership with the University of British Columbia ("UBC") has successfully developed a novel hybrid organic-inorganic material for use in engineering silicon interfaces. These interfaces will prove critical in achieving a highly efficient, long-lasting silicon anode that will aide in the development of next generation lithium-ion batteries capable of quadrupling energy density from the current standard of 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid-scale energy storage.


In addition to developing silicon interfaces, MGX and UBC are also currently conducting process optimization on metallurgical grade silicon. The goal is to utilize low-cost metallurgical-grade silicon as a feedstock to fabricate nanostructured silicon.


The overall objective of the MGX/UBC two-year research program is to develop a low-cost and scalable method that will fabricate a silicon-based anode to improve the energy density of Li-ion batteries. Dr. Jian Liu, Assistant Professor in the School of Engineering at UBC Okanagan, is leading a research group focused on advanced materials for energy storage. Dr. Liu was previously the technical lead for development of surface coating materials by atomic and molecular layer deposition, and their applications in surface and interface engineering on the anode and cathode of Li-ion batteries and beyond, at Western University and Pacific Northwest National Laboratory.



Figure 1. Fabrication and evaluation of Si-based anode for Li-ion batteries (CNW Group/MGX Minerals Inc.)



MGX Silicon Projects
MGX operates three silicon projects in southeastern British Columbia- Koot, Wonah and Gibraltar. A one-ton sample of quartzite from the Company's Gibraltar project was recently shipped to the independent lab Dorfner Anzaplan ("Dorfner") in Germany for mineralogical analyses. Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing. Results indicated that the material, after comminution and classification fraction, is of high initial purity (99.5 wt.-%), making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon production.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

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SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2019/18/c2141.html



Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

2 months

8020 Admin posted a press release MGX Minerals Announces Conditional Exchange Approval for Listing of Zinc-Air Flow Battery Subsidiary in MGX MINERALS INC.


VANCOUVER, April 11, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) reports that its wholly owned subsidiary MGX Renewables Inc. ("MGXR"), a leader in the development of zinc-air flow batteries for applications requiring long duration, high capacity storage, has received conditional approval to list its shares on the Canadian Securities Exchange ("CSE"). MGXR expects the listing to be finalized and shares to commence trading shortly. For more information on the MGXR plan of arrangement, please refer to the Company's news release dated November 1, 2018, available on the Company's profile on SEDAR at www.sedar.com and at www.mgxminerals.com.



Figure 1. MGXR modular Energy Storage System (ESS) (CNW Group/MGX Minerals Inc.)



UL / CSA / ANSI Approval
MGXR reports regulatory approval for its system under UL / CAN / ANSI Standard 1973 is in progress. Recent research and development efforts thus far have focused on ensuring the reliability of materials used in fabrication of the systems. To date no significant issues have been identified and there is no expectation of any design changes inclusive of Fuel Cell, Energy Storage and Regenerator Modules prior to approval.


Market Analysis Study
MGXR has retained a leading independent firm to complete an updated market analysis study. Results of the study demonstrate a large and expanding market for long duration energy storage systems ("ESS"). This view was further strengthened recently from a request for proposals issued by the U.S. Department of Energy that defined long duration as a range from 10 to 100 hours- an attribute that is ideal for a zinc-air flow battery as this storage capacity cannot be met economically by any known lithium-ion chemistry.


Thanks to ample opportunities provided by zinc-air flow battery technology to directly integrate into vertical markets, MGXR has commenced selection of markets for early deployment. The Commercial and Industrial (C&I) market is seen as highly favorable with global scale opportunities for both equipment sales and self-owned energy storage systems both as a renewables and peak power provider. Additionally, electricity tariff rates in New York and California have been analyzed in detail to confirm the viability of the business case. A target demonstration site in New York has been contracted and work to refine the system configuration is in progress in cooperation with the customer and local system integrator. Distribution plans for systems to additional states with incumbent and established system integrators continues along with international relationships that will enable markets in Europe, Asia and South America to be served in the near future.


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW - 50MW and storage in the range of 120Kwh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of Li-ion is a linear power to storage ratio severely limiting flexibility and vastly increasing cost of storage even when limited output wattage is required. This gives an overwhelming advantage to MGXR's zinc-air fuel cell technology in high capacity, long duration commercial and industrial as well as grid scale applications. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s). The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates large scale arbitrage and cost savings opportunities as well as a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.


Technology
The MGXR ESS is based upon unique patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the 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.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale on demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage


 


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


 


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications. The zinc-air flow-battery is differentiated from other battery technologies by its ability to decouple the relationship between energy (kWh) and power (kW), by the very low cost of its zinc energy storage medium, and by the inherent safety of its chemistry.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mgx-minerals-announces-conditional-exchange-approval-for-listing-of-zinc-air-flow-battery-subsidiary-300830479.html


SOURCE MGX Minerals Inc.


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2019/11/c9800.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

3 months

8020 Admin posted a press release MGX Minerals Provides Revenue Projections for Initial Contracted Wastewater Treatment Systems in MGX MINERALS INC.


VANCOUVER, March 29, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and engineering partner PurLucid Treatment Solutions ("PurLucid") are pleased to provide the following update on commercial-scale deployment of its first two contracted wastewater treatment systems.


The first contracted system is now fully manufactured and being commissioned at an oilsands SAGD operation in Alberta to process evaporator blowdown water (EBD) and is expected to be operational shortly. Fabrication and deployment of the second contracted wastewater treatment system is scheduled for June and will also be deployed to an oilsands SAGD operator in Alberta. Both systems are capable of processing 10m3 per hour and upon completion of test and optimization phase, the customers will pay a fixed processing fee. The Company and PurLucid anticipate generating revenue of C$2.0 million in 2019 during the ramp up period from the first two contracted operations. Contracts are currently being negotiated for additional wastewater treatment systems and are expected to be finalized shortly.


The Company has issued a total of 520,000 common shares as consideration for services rendered to consultants of the Company. The shares are subject to a four-month hold period. Additionally, the Company has granted an aggregate of 3,825,000 options to certain consultants, directors and officers. The options are exercisable at a price of $0.39 per share for a period of two years from the date of grant.


Rapid Lithium Brine Extraction Technology
MGX and PurLucid developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. 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.


About PurLucid
PurLucid's exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. The technology separates impurities from oil and gas wastewater and produces clean water as a final product. This allows for the recycling or controlled release of oilfield wastewater and reduces or eliminates downhole and associated transportation costs. Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more at www.purlucid.com. MGX has the right to acquire up to a 100% interest in PurLucid through successive investments.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/March2019/29/c5929.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals and Eureka Resources Announce Joint Venture to Recover Lithium from Produced Water in Eastern United States in MGX MINERALS INC.

VANCOUVER, March 5, 2019 /PRNewswire/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and Eureka Resources, LLC have 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 in the eastern United States.


Deep natural gas reserves located in the Marcellus and Utica shale account for approximately 40% of all natural gas produced in the United States. The oil and gas operations in this region also generate large volumes of produced water.


Eureka uses advanced treatment technology to convert 10,000 barrels per day of this produced water into valuable co-products, including fresh water, high-purity sodium chloride and calcium chloride. Through this joint venture, Eureka will begin extracting lithium as well.


MGX has developed a rapid lithium extraction technology that eliminates or greatly reduces the physical footprint and investment needed for large, multi-phase, lake-sized, lined evaporation ponds. Its technology also enhances the quality of lithium extraction and recovery across a complex range of brines as compared with traditional solar evaporation. This technology can be used on oil and gas produced water, natural brine, lithium-rich mine brine and industrial plant wastewater.


"We are extremely pleased to partner with Eureka," stated MGX president and CEO Jared Lazerson. "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."


"This agreement marks a significant step forward in keeping Eureka in the forefront of advanced produced-water treatment. Through this joint venture, we can help meet the growing need for lithium while simultaneously making a positive environmental impact," said Dan Ertel, president and CEO of Eureka Resources. "We are pleased to partner with MGX, which brings proven technical and commercial lithium extraction expertise to our business model." 


About Eureka Resources
Eureka Resources provides industry-leading advanced treatment technology in oil and gas produced water management. Since 2008, Eureka's patented and permitted services have expanded to meet the growing need for produced water solutions and critical mineral production. Eureka's three conveniently located facilities provide regional environmental and economic solutions to oil and gas producers and the community. Learn more at www.eureka-resouces.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


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SOURCE MGX Minerals Inc.

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4 months

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals Announces Phase Two Development of Silicon Based Anode for High-Energy Lithium-Ion Batteries in MGX MINERALS INC.


VANCOUVER, Feb. 26, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) reported today that its collaborative research partnership with the University of British Columbia ("UBC") has completed a comprehensive baseline assessment of metallurgical silicon originating from each of the Company's three silicon projects in southeastern British Columbia. 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.


With the Phase One assessment completed, Phase two of the collaborative is now underway and will focus on developing a scalable process to upgrade metallurgical silicon originating from MGX's projects to battery-grade silicon anode. 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, telecommunication, wireless sensors and more.


About the Research Initiative
The objective of the MGX/UBC research consortium is to develop a low-cost and scalable method that will fabricate a silicon-based anode to improve the energy density of Li-ion batteries. The two-year research program seeks to focus on 1) fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock and 2) compositing nanostructured silicon with commercial graphite to develop a high-performance silicon anode. The initial goal of the research is to replace the graphite anode with silicon and complete a hybrid in the short-term which will not require industry retooling. The ultimate goal is to enable 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.


Dr. Jian Liu, Assistant Professor in the School of Engineering at UBC Okanagan, is leading a research group focused on advanced materials for energy storage. Dr. Liu was previously the technical lead for development of surface coating materials by atomic and molecular layer deposition, and their applications in surface and interface engineering on the anode and cathode of Li-ion batteries and beyond, at Western University and Pacific Northwest National Laboratory.


MGX Silicon Projects
MGX operates three silicon projects in southeastern British Columbia- Koot, Wonah and Gibraltar. A one-ton sample of quartzite from the Company's Gibraltar project was recently shipped to the independent lab Dorfner Anzaplan ("Dorfner") in Germany for mineralogical analyses. Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing. Results indicated that the material, after comminution and classification fraction, is of high initial purity (99.5 wt.-%), making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon production.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-phase-two-development-of-silicon-based-anode-for-high-energy-lithium-ion-batteries-300801829.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/26/c4525.html

Contact Information: Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals Announces Oilsands Lithium Extraction and Wastewater Treatment System Deployments in MGX MINERALS INC.


VANCOUVER, Feb. 7, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and engineering partner PurLucid Treatment Solutions ("PurLucid") are pleased to report a second deployment of an advanced wastewater treatment system is near completion and commissioning is expected shortly. The system is capable of processing up to 10m3 per hour. The system will significantly reduce greenhouse gases through energy savings on steam generation. The technology provides superior treatment outcomes when compared to conventional technology which requires offsite trucking and high cost (due to toxicity) disposal. The technology can treat the water in line, under temperature and pressure, without cooling water first and is a paradigm shift advancement in waste water management and oilsands operations. This will result in significantly less energy use for water treatment, reduction in greenhouse gases and also eliminate a major operational challenge of a ("SAGD") facility, which is heat exchanger fouling.


Mobilization of a third system, capable of processing 10m3 per hour to extract lithium from brine, is also being finalized. This lithium can be extracted by the technology once the water is cleaned of oil and bitumen as result of the front-end water treatment system processing. Commencement of lithium extraction will occur as this customer comes online.


Rapid Lithium Brine Extraction Technology
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. 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.


About PurLucid
PurLucid's exclusively licensed and patented nanoflotation technology was designed specifically for oilfield environments. The technology separates impurities from oil and gas wastewater and produces clean water as a final product. This allows for the recycling or controlled release of oilfield wastewater and reduces or eliminates downhole and associated transportation costs. Water handling costs are one of the largest operating costs in the oilfield and oilsands operations today. Learn more at www.purlucid.com. MGX has the right to acquire up to a 100% interest in PurLucid through successive investments.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-oilsands-lithium-extraction-and-wastewater-treatment-system-deployments-300791383.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/07/c3887.html

Contact Information: Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

4 months

8020 Admin posted a press release MGX Minerals Announces Appointment of Ron MacDonald to MGX Renewables Board of Directors in MGX MINERALS INC.


VANCOUVER, Feb. 5, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to report that its wholly owned subsidiary MGX Renewables Inc. ("MGXR"), a leader in the development of low-cost energy storage systems, has appointed former Canadian Member of Parliament and renewables / infrastructure industry veteran and energy specialist Ron MacDonald to its Board of Directors effective immediately.


Mr. MacDonald has over 35 years of both public and private sector experience, ranging from international roles within the Parliament of Canada to serving on the boards of numerous publicly listed resource companies. From 1988 to 1997, he was the Member of Parliament for Halifax, Nova Scotia, during which time he was appointed by the Prime Minister of Canada as Parliamentary Secretary of International Trade. From 1997-2002, Mr. MacDonald was President and CEO of the Council of Forest Industries, a large lumber manufacturing, grading and marketing group, where he developed new markets in China, Korea, India and Japan. Ron was a Director and Founding Member of Canada Wood, one of Canada's most successful marketing programs opening up global markets for Canadian Wood Products. Mr. MacDonald has served as Executive Chairman and Director of American Vanadium Corp. as well as Executive Chairmen of Critical Elements Corp. Ron has also been a contributor to the EU Commission Framework 7 policy paper on "Scarcity of Strategic Minerals" and a presenter at conferences throughout the United States, Canada, Europe and Asia on strategic minerals needed to support the renewable energy and storage industries. In recent years Mr. MacDonald has served as President of NRStor Remote Communities and Mines, a Canadian company focused on partnering with off-grid Indigenous communities and mines to develop renewable energy and energy storage projects.


"Mr. MacDonald's appointment to MGXR's board of directors comes at an exciting time, "stated MGXR President and CEO Jared Lazerson. "As we begin rolling out our new lineup of zinc-battery modular storage systems and file the public listing for MGXR, Mr. MacDonald's vision, experience, and vast global network will be crucial in the sales and energy arbitrage opportunities based on the MGXR product line. As both a great Canadian and global citizen, Mr. MacDonald is well qualified to be entrusted with this low-cost battery technology that can only be described as the missing link in the global shift to renewable energy and on demand distributed power."


The Company is also pleased to report that MGXR has receive final court approval for its plan of arrangement (see press release dated December 18, 2018) as well as submitted an initial filing to obtain a public listing on the Canadian Securities Exchange (CSE).


About MGX Renewables
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy, and water assets. Learn more at www.mgxminerals.com.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-appointment-of-ron-macdonald-to-mgx-renewables-board-of-directors-300789462.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/February2019/05/c4500.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

5 months

8020 Admin posted a press release MGX reports initial revenue and performance data from the successful commercialization of its first petrolithium system in Alberta in MGX MINERALS INC.

ZURICH, SWITZERLAND / ACCESSWIRE / January 17, 2019 / Today, MGX Minerals Inc. (CSE: XMG); (OTCQB: MGXMF); (Frankfurt: 1MG) announced results from the successful commissioning of its first wastewater treatment system currently under contract with a major oilsands SAGD producer in Alberta, Canada. The commercial-scale 5m3/hour (750 barrel/day) NFLi-5 advanced wastewater treatment system is capable of processing evaporator blowdown water (EBD) and started operations in late November 2018.


Today's reported commissioning results are based on a 3-week study period in December 2018 and demonstrate that the system was "highly successful in achieving all treatment chemical key performance indicators", the company stated. "Most notable were treatment outcomes, which included removal of silica, calcium and magnesium totaling 99.7%, 88% and 72%, respectively. Additionally, total suspended solids in the treated product were non-detectable, effectively creating a clean water by-product for reuse."


This now marks the historic achievement of having successfully deployed a fully functional commercial system capable of cleaning highly contaminated EBD production wastewaters from the oilsands industry. No other company can achieve such on a commercial-scale, which gives MGX Minerals a prominent first mover advantage in this multi-billion industry eagerly looking for ways to significantly reduce operational costs and environmental footprints (e.g. GHG emissions and toxic wastewater disposal).


The full report can be accessed withthe following links:


English (web version): http://rockstone-research.com/index.php/en/research-reports/5341-MGX-Minerals-reports-initial-revenue-and-performance-data-from-the-successful-commercialization-of-its-first-wastewater-treatment-system-in-Alberta


English (PDF): http://rockstone-research.com/images/PDF/MGX86en.pdf


German (PDF): http://rockstone-research.com/images/PDF/MGX86Bde.pdf


German (web version): http://rockstone-research.com/index.php/de/research-reports/5342-MGX-Minerals-berichtet-ueber-anfaengliche-Einnahmen--und-Performance-Daten-von-der-erfolgreichen-Kommerzialisierung-der-ersten-Petrolithium-Anlage-in-Alberta


Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research and MGX Minerals Inc. cautions investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the MGX´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the MGX´s profile on SEDAR at www.sedar.com. Cautionary Statement: MGX Minerals Inc. ("MGX") may decide to advance its petrolithium projects into production without first establishing mineral resources supported by an independent technical report or completing a feasibility study. A production decision without the benefit of a technical report independently establishing mineral resources or reserves and any feasibility study demonstrating economic and technical viability creates increased uncertainty and heightens economic and technical risks of failure. Historically, such projects have a much higher risk of economic or technical failure. Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist. MGX Minerals Inc. has paid Zimtu Capital Corp. to provide this report and other investor awareness services.The author, Stephan Bogner, holds a long position in MGX Minerals Inc. and is being paid by Zimtu Capital Corp. for the preparation and distribution of this report, whereas Zimtu Capital Corp. also holds a long position in MGX Minerals Inc.

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8020 Admin

5 months

8020 Admin posted a press release MGX Minerals Announces Annual General and Special Meeting Results in MGX MINERALS INC.


VANCOUVER, Jan. 16, 2019 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report that shareholders voted in favor of all resolutions brought forth at the Company's annual general and special meeting of shareholders (the "Meeting") held on Friday, January 11, 2019 in Vancouver, British Columbia.


At the Meeting 17.7% of shares on record were voted. The ordinary resolutions proposed and approved at the Meeting included:



  • The number of Directors was set to five;

  • The five members re-elected to the Board of Directors included: Jared Lazerson, Lyndon Patrick, Michael Reimann, Andris Kikauka and Christopher Wolfenberg;

  • Adam Sung Kim Ltd. was re-appointed as auditor of the Company; and

  • The existing 10% rolling stock option plan was approved.


 


MGX shareholders also approved the special resolution to authorize a plan of arrangement involving MGX, its shareholders and its wholly-owned subsidiary, MGX Renewables Inc. (the "Reorganization Resolution"). Under the plan of arrangement, MGX shareholders of record on June 29, 2018 would receive one MGX Renewables Inc. share for each 12.4163 MGX shares then held, and MGX shareholders of record on October 22, 2018 would receive on MGX Renewables Inc. share for each 59.8186 MGX shares then held as a return of capital. The Reorganization Resolution was approved by approximately 98.06% of the votes cast by MGX shareholders represented in person or by proxy at the Meeting.


As previously announced, with respect to MGX Renewables Inc., the Company will complete a spin-out of 40% of the common shares of MGX Renewables Inc. to shareholders pursuant to a plan of arrangement as part of a going public transaction planned for February 2019.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Cision View original content:http://www.prnewswire.com/news-releases/mgx-minerals-announces-annual-general-and-special-meeting-results-300779181.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/January2019/16/c6754.html



Contact Information: Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.com 

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Closes $6.8M Non-Brokered Private Placement with $3.6M Second Tranche in MGX MINERALS INC.



Canada NewsWire




/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

VANCOUVERDec. 21, 2018 /CNW/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce, further to its news releases dated November 23, 2018 and November 27, 2018, it has closed the second and final tranche of its previously announced non-brokered private placement financing (the "Offering").


The second tranche generated gross proceeds of $3,610,449.80 by issuance of 5,008,384 flow through units (the "FT Units") at $0.65 per FT Unit and 591,667 non-flow through units (the "NFT Units") at $0.60 per NFT Unit. Aggregate proceeds raised under the first and second tranche of the offering total $6,806,448.35.


Each NFT Unit is comprised of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share of the Company for a period of 36 months from the date of issuance at an exercise price of $0.67.  Each FT Unit is comprised of one Common Share issued on a flow-through basis pursuant to the Income Tax Act (Canada) and one-half of one Common Share purchase warrant (each whole warrant, a "FT Warrant").  Each FT Warrant will entitle the holder to acquire one additional Common Share, on a non-flow through basis, for a period of 36 months from the date of issuance at a price of $0.70.


The securities issued under the Offering will be subject to a hold period of four-months and one day.


The FT Unit proceeds will be used for qualified mineral exploration expenses on the Company's projects in Canada including Driftwood Magnesium Oxide, Fran Gold, Ren Niobium-Titanium-Rare Earth, and multiple Silicon Projects. The NFT Unit proceeds are expected to be used for advancement of the Company's global water treatment and lithium assets, including continued investment into extraction equipment and PurLucid, property payments and additional acquisitions, engineering studies, permitting activities, and for general working capital.


In connection with the Offering, the Company paid finder's fees to EMD Financial Inc. under the terms previously disclosed in the news release dated November 23, 2018.


This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


CisionView original content:http://www.prnewswire.com/news-releases/mgx-minerals-closes-6-8m-non-brokered-private-placement-with-3-6m-second-tranche-300770415.html


SOURCE MGX Minerals Inc.


View original content: http://www.newswire.ca/en/releases/archive/December2018/21/c4544.html

Jared Lazerson, President and CEO, Telephone: 1.604.681.7735, Web: www.mgxminerals.comCopyright CNW Group 2018



News Provided by Canada Newswire via QuoteMedia

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Announces Partnership with University of British Columbia to Develop Metallurgical Silicon Based Anode for High-Energy Lithium-Ion Batteries in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 20, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report it is funding a research consortium with the University of British Columbia (“UBC”) to develop a low-cost and scalable method for fabricating Silicon based anode to improve the energy density of Li-ion batteries. The two-year research program will focus on 1) fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock and 2) 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. The ultimate goal is to enable 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.


























Table 1.
  Schedule of program milestones






















Figure 1.
  Fabrication and evaluation of Si-based anode for Li-ion batteries





Leading research and development will be Dr. Jian Liu, Assistant Professor in the School of Engineering at UBC Okanagan. Dr. Liu is leading a research group focused on advanced materials for energy storage. Dr. Liu was previously the technical lead on the development of surface coating materials by atomic and molecular layer deposition, and their applications in surface and interface engineering on the anode and cathode of Li-ion batteries and beyond, at Western University and Pacific Northwest National Laboratory.


MGX Silicon Projects
MGX operates three silicon projects in southeastern British Columbia - Koot, Wonah and Gibraltar. A one-ton sample of quartzite from the Company’s Gibraltar project was recent shipped to the independent lab Dorfner Anzaplan (“Dorfner“) in Germany for mineralogical analyses. Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting, and thermal stability testing. Results indicate that the material, after comminution and classification fraction, is of high initial purity (99.5 wt.-%), making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon production.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/67092ed9-0044-4fe5-988f-d6e2b3969cf4


http://www.globenewswire.com/NewsRoom/AttachmentNg/772156dc-5242-49e2-8da6-d3013405a965



Contact Information

Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Receives Court Approval for Plan of Arrangement with MGX Renewables; Commences Testing of Regenerator / Charging Module in MGX MINERALS INC.

VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / December 18, 2018 / MGX Minerals Inc. (''MGX'' or the ''Company'') (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Company has received an interim order from the Supreme Court of British Columbia in respect of the Plan of Arrangement (the ''Interim Order'') with its wholly-owned subsidiary MGX Renewables Inc. (''MGX Renewables'') whereby MGX will complete a spin-out of 40% of the common shares of MGX Renewables (''MGX Renewables Shares'') pursuant to a plan of arrangement (the ''Plan of Arrangement'') under the Business Corporations Act (British Columbia) as part of a going public transaction planned for early February 2019.


Pursuant to the Interim Order, the spin-out will require certain approvals by MGX shareholders at the Company's annual general and special meeting, which is expected to take place on January 11, 2019 (the ''Meeting''). For more information on the Plan of Arrangement, please refer to the Company's management information circular mailed to MGX shareholders in connection with the Meeting, dated November 30, 2018, and its news releases dated November 1, 2018 and November 30, 2018, available on the Company's profile on SEDAR at www.sedar.com and at www.mgxminerals.com.


ZRM-4500 Zinc Regeneration Module


The MGXR ZRM-4500 is a zinc regeneration module that uses electricity to extract zinc particles from a potassium zincate solution. It is composed of up to 18 bipolar plates connected in series and driven from a nominal 60 Volt input. The unit is constructed of Noryl plastic and magnesium alloy and is fitted with SurLok connectors for quick electrical installation. Instrumentation includes an embedded microprocessor control system and associated voltage sensors. The current configuration has a rated input power of 4.5kW, duty cycle of 80%, operating life of 20,000 hours, and recharge capacity of 1.75kWh / h.


Technology
The ZRM-4500 is a key component of MGXR's unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is recharging, the zinc particles are regenerated and the evolved oxygen is returned to the surrounding air by the Zinc Regeneration Module (ZRM).


Figure 1. Regenerationmodule



 


MGXR Energy Storage System


The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW – 50MW and storage in the range of 120Kwh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air


The fundamental limitation of a linear power to storage ratio and cost burden associated with both lithium-ion and lack of flexibility gives an overwhelming advantage to MGXR's zinc-air fuel cell technology. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s). The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates both an arbitrage opportunity and cost savings opportunity but a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.


Figure 2. MGXR modular Energy Storage System (ESS)


Technology
The MGXR ESS is based upon unique and patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, the zinc particles are regenerated and the oxygen is returned to the surrounding air.


About MGX Renewables


MGX Renewables, has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information


Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Legal Advisories


Listing of the MGX Renewables shares remains subject to CSE approval. A market for MGX Renewables Shares may not sustainably develop following thecompletion of the Plan of Arrangement. If a market for MGX Renewables Shares does not sustainably develop, MGX shareholders may have difficulty selling their MGX Renewables Shares and the market price for MGX Renewables Shares may be volatile and subject to wide fluctuations in response to numerous factors, many of which are beyond the Company's and MGX Renewables' control. If the MGX Renewables Shares are not accepted for listing on a recognized exchange then the Plan of Arrangement may not be completed.


Following completion of the Plan of Arrangement, the Company may own or control MGX Renewables Shares and that ownership or control may be material. As a result, the Company could have the ability to control or veto matters submitted to MGX Renewables’ shareholders for approval. This may negatively affect the attractiveness of MGX Renewables to third parties considering an acquisition of MGX Renewables or cause the market price of the MGX Renewables Shares to decline. The interests of the Company may not in all cases be aligned with the interests of MGX Renewables' shareholders. In addition, the Company may have an interest in pursuing acquisitions, divestitures and other transactions that, in the judgment of its management, could enhance its equity investment, even though such transactions mightinvolve risks to MGX Renewables' shareholders and may ultimately adversely affect the market price of the MGX Renewables Shares. So long as the Company continues to own, directly or indirectly, a significant amount of the MGX Renewables Shares, the Company may be able to strongly influence or effectivelycontrol MGX Renewables' decisions.


The Company does, from time to time, make investments in other companies and in its own research and development initiatives. As such, the Company may acquire interests in companies or otherwise develop businesses that directly or indirectly compete with all or certain portions of MGX Renewables' business or that are suppliers to, or customers of, MGX Renewables.


MGX shareholders should consult their own tax advisors in respect of the Plan of Arrangement.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


SOURCE: MGX Minerals Inc.

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8020 Admin

6 months

8020 Admin posted a press release Belmont Re-Starts Drilling at Kibby Basin Nevada Lithium Brine Project with MGX Minerals; Adds Two New Key Members to the Board of Directors in MGX MINERALS INC.

ZURICH, SWITZERLAND / ACCESSWIRE / December 18, 2018 / Today, Belmont Resources Inc. (TSX.V: BEA); (FSE: L3L1) announced that drilling at the Kibby Basin Project with MGX Minerals Inc. (CSE: XMG); (OTCQB: MGXMF); (FSE: 1MG) has re-commenced. The company also reported that Jared Lazerson, CEO of MGX Minerals (currently owning a 25% interest of the Kibby Basin Project) and financier Karim Rayani have joined Belmont's Board of Directors. This time at a different location in the basin, the current hole (KB-4) is planned to be drilled to a depth of 300 m, which has been previously estimated to take about a week.


The full report can be accessed with the following links:


English (web version): http://rockstone-research.com/index.php/en/research-reports/5323-Belmont-Re-Starts-Drilling-at-Kibby-Basin-Nevada-Lithium-Brine-Project-with-MGX-Minerals;-Adds-Two-New-Key-Members-to-the-Board-of-Directors


English (PDF): http://rockstone-research.com/images/PDF/Belmont20en.pdf


German (PDF): http://rockstone-research.com/images/PDF/Belmont20de.pdf


German (web version): http://rockstone-research.com/index.php/de/research-reports/5322-Belmont-startet-Bohrung-beim-Kibby-Basin-Nevada-Lithiumprojekt-mit-MGX-Minerals-und-verstaerkt-den-Aufsichtsrat-mit-neuen-Schluesselpersonen


Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Belmont Resources Inc., MGX Minerals Inc. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Belmont´s and MGX Minerals´ public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Belmont´s and MGX´s profile on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF (see above) as fundamental risks and conflicts of interest exist. The author, Stephan Bogner, holds a long position in Belmont Resources Inc. and MGX Minerals Inc., and is being paid by Zimtu Capital Corp. for the preparation, publication and additional distribution of this report, whereas Zimtu Capital Corp. also holds a long position in Belmont Resources Inc. and MGX Minerals Inc. Belmont and/or MGX pay Zimtu for the preparation, publication and additional distribution of this report. Any mentioned historical information is relevant only as an indication that some mineralization occurs on the properties, and no resources, reserve or estimate is inferred.


SOURCE: Rockstone Research

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Receives Court Approval for Plan of Arrangement with MGX Renewables; Commences Testing of Regenerator / Charging Module in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 18, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Company has received an interim order from the Supreme Court of British Columbia in respect of the Plan of Arrangement (the “Interim Order”) with its wholly-owned subsidiary MGX Renewables Inc. (“MGX Renewables”) whereby MGX will complete a spin-out of 40% of the common shares of MGX Renewables (“MGX Renewables Shares”) pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) as part of a going public transaction planned for early February 2019.


























Figure 1.
  Regeneration module






















Figure 2.
  MGXR modular Energy Storage System (ESS)





Pursuant to the Interim Order, the spin-out will require certain approvals by MGX shareholders at the Company’s annual general and special meeting, which is expected to take place on January 11, 2019 (the “Meeting”). For more information on the Plan of Arrangement, please refer to the Company’s management information circular mailed to MGX shareholders in connection with the Meeting, dated November 30, 2018, and its news releases dated November 1, 2018 and November 30, 2018, available on the Company’s profile on SEDAR at www.sedar.com and at www.mgxminerals.com.


ZRM-4500 Zinc Regeneration Module
The MGXR ZRM-4500 is a zinc regeneration module that uses electricity to extract zinc particles from a potassium zincate solution. It is composed of up to 18 bipolar plates connected in series and driven from a nominal 60 Volt input. The unit is constructed of Noryl plastic and magnesium alloy and is fitted with SurLok connectors for quick electrical installation. Instrumentation includes an embedded microprocessor control system and associated voltage sensors. The current configuration has a rated input power of 4.5kW, duty cycle of 80%, operating life of 20,000 hours, and recharge capacity of 1.75kWh / h. 


Technology
The ZRM-4500 is a key component of MGXR’s unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is recharging, the zinc particles are regenerated and the evolved oxygen is returned to the surrounding air by the Zinc Regeneration Module (ZRM).


MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW – 50MW and storage in the range of 120Kwh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of a linear power to storage ratio and cost burden associated with both lithium-ion and lack of flexibility gives an overwhelming advantage to MGXR’s zinc-air fuel cell technology. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s).  The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates both an arbitrage opportunity and cost savings opportunity but a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.  


Technology
The MGXR ESS is based upon unique and patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, the zinc particles are regenerated and the oxygen is returned to the surrounding air.


About MGX Renewables
MGX Renewables, has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Legal Advisories
Listing of the MGX Renewables shares remains subject to CSE approval. A market for MGX Renewables Shares may not sustainably develop following the completion of the Plan of Arrangement. If a market for MGX Renewables Shares does not sustainably develop, MGX shareholders may have difficulty selling their MGX Renewables Shares and the market price for MGX Renewables Shares may be volatile and subject to wide fluctuations in response to numerous factors, many of which are beyond the Company’s and MGX Renewables’ control. If the MGX Renewables Shares are not accepted for listing on a recognized exchange then the Plan of Arrangement may not be completed.


Following completion of the Plan of Arrangement, the Company may own or control MGX Renewables Shares and that ownership or control may be material. As a result, the Company could have the ability to control or veto matters submitted to MGX Renewables’ shareholders for approval. This may negatively affect the attractiveness of MGX Renewables to third parties considering an acquisition of MGX Renewables or cause the market price of the MGX Renewables Shares to decline. The interests of the Company may not in all cases be aligned with the interests of MGX Renewables’ shareholders. In addition, the Company may have an interest in pursuing acquisitions, divestitures and other transactions that, in the judgment of its management, could enhance its equity investment, even though such transactions might involve risks to MGX Renewables’ shareholders and may ultimately adversely affect the market price of the MGX Renewables Shares. So long as the Company continues to own, directly or indirectly, a significant amount of the MGX Renewables Shares, the Company may be able to strongly influence or effectively control MGX Renewables’ decisions.


The Company does, from time to time, make investments in other companies and in its own research and development initiatives. As such, the Company may acquire interests in companies or otherwise develop businesses that directly or indirectly compete with all or certain portions of MGX Renewables’ business or that are suppliers to, or customers of, MGX Renewables.


MGX shareholders should consult their own tax advisors in respect of the Plan of Arrangement.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at:


http://www.globenewswire.com/NewsRoom/AttachmentNg/7dc157e8-5b3e-4153-8d7c-a0f1db1d92d5


http://www.globenewswire.com/NewsRoom/AttachmentNg/e1f1f87d-3a69-45f2-9fd7-4dfb301e901d



Contact Information

Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Announces Drilling at Francisco Basin Lithium Project, Chile in MGX MINERALS INC.

VANCOUVER, BC / ACCESSWIRE / December 13, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that joint venture partner Chilean Lithium Salars ("CLS") is drilling at the Francisco Basin Project (the "Project") located 30 kilometres south of the Salar de Maricunga.


Figure 1. FranciscoBasin Electrical Resistivity Results


Figure 2. FranciscoBasin Cross Section


The 5-hole program was designed to target the brine aquifer that extends from the Northern Lagoon, where samples in May of 2018 averaged 694mg/L Lithium. (see press release dated September 27,2018). The drill program is testing lithium mineralization to a depth of up to 300 meters as well as the lateral extent of lithium mineralization.


The 1st hole is located in the center of where the salt lagoon anomaly encountered very high pressure of fresh water and was shut down at 20 meters.


The 2nd hole is located on the western edge of the anomaly (see Figure 2 showing drilling approximate location in red). It has successfully drilled and cased through the fresh water and is now advancing towards a depth of 110 meters where expected to encounter brine as predicted by the electro-magnetic survey.


The Project lease area comprises 12,900 hectares. An electromagnetic geophysical survey was completed in April 2018 and results indicated strong potential for the presence of two highly conductive brines zones where significant thickness and horizontal coverage may exist.


Figure 3. Drill Rig on site at Francisco Basin Project


Rapid LithiumBrine Extraction Technology


MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. MGX is prepared to mobilize a rapid lithium extraction system to the Francisco Basin.


Francisco Basin


The Francisco Basin Salar resides within a large, fault-bound, alluvium-filled basin to the immediate south of the Copiapó Volcano. The basin is closed, drains a large area and the Salar appears to be the lowest point within the drainage. The rocks in the drainage surrounding this salar are dominantly volcanic, ranging in age from Eocene to Miocene, juxtaposed with some older rocks. To the west is a Cretaceous sedimentary sequence separated from the volcanic rocks of the Francisco Basin area by the Cerro Guerrita Fault. To the east, an older Oligocene to Miocene volcanic sequence is overlain by the Copiapó volcanic rocks. The Francisco Basin alluvial basin sits at the junction of three catchments. These river systems presumably provide the fill for the basin and are in part, along with the limits of the Salar, structurally controlled. The alluvial fill may be covering post-Copiapó aged faulting.


About MGX's Chilean Lithium Joint Venture


MGX is earning a 50% interest in CLS, which is a wholly owned subsidiary of Chilean Lithium Salars Holdings Ltd. ("CLSH"). CLSH holds a 100% interest in three prospective lithium exploration projects located in Chile, including the Francisco Basin, Laguna Brava and Laguna Escondida projects. To acquire an undivided 50% interest in CLS, MGX has agreed to make Option Payments totaling US$1.5 million, incur exploration expenditures totaling US$2 million, and complete an NI 43-101 resource estimate on at least one of the Projects within 20 months. MGX is acting as project operator and has appointed Mr. Aldo Boitano, current project manager for CLS, as to oversee the project and work alongside Kura Minerals. MGX maintains the right to participate as a service provider of the engineering, construction and/or procurement of a brine processing plant using its rapid lithium extraction technology.


About Kura Minerals


MGX is represented by Kura Minerals in Chile and led by MGX's President of South America Operations Francisco Acuña (P. Eng.). Kura Minerals is a leading mining consulting firm with a network extending throughout South America. Additional Kura personnel and consultants include Erich Schnake, former Chilean Mining Ministry Undersecretary, Alvaro Florez (LL.B) and Thomas Eggers.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information


Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements


This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that anyforward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


SOURCE: MGX Minerals Inc.

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Announces Drilling at Francisco Basin Lithium Project, Chile in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 13, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that joint venture partner Chilean Lithium Salars (“CLS”) is drilling at the Francisco Basin Project (the “Project”) located 30 kilometres south of the Salar de Maricunga.


























Figure 1.
  Francisco Basin Electrical Resistivity Results






















Figure 2.
  Francisco Basin Cross Section






















Figure 3.
  Drill Rig on site at Francisco Basin Project





The 5-hole program was designed to target the brine aquifer that extends from the Northern Lagoon, where samples in May of 2018 averaged 694mg/L Lithium. (see press release dated September 27, 2018). The drill program is testing lithium mineralization to a depth of up to 300 meters as well as the lateral extent of lithium mineralization.


The 1st hole is located in the center of where the salt lagoon anomaly encountered very high pressure of fresh water and was shut down at 20 meters.


The 2nd hole is located on the western edge of the anomaly (see Figure 2 showing drilling approximate location in red). It has successfully drilled and cased through the fresh water and is now advancing towards a depth of 110 meters where expected to encounter brine as predicted by the electro-magnetic survey.


The Project lease area comprises 12,900 hectares. An electromagnetic geophysical survey was completed in April 2018 and results indicated strong potential for the presence of two highly conductive brines zones where significant thickness and horizontal coverage may exist.


Rapid Lithium Brine Extraction Technology
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. MGX is prepared to mobilize a rapid lithium extraction system to the Francisco Basin.


Francisco Basin
The Francisco Basin Salar resides within a large, fault-bound, alluvium-filled basin to the immediate south of the Copiapó Volcano. The basin is closed, drains a large area and the Salar appears to be the lowest point within the drainage. The rocks in the drainage surrounding this salar are dominantly volcanic, ranging in age from Eocene to Miocene, juxtaposed with some older rocks. To the west is a Cretaceous sedimentary sequence separated from the volcanic rocks of the Francisco Basin area by the Cerro Guerrita Fault. To the east, an older Oligocene to Miocene volcanic sequence is overlain by the Copiapó volcanic rocks. The Francisco Basin alluvial basin sits at the junction of three catchments. These river systems presumably provide the fill for the basin and are in part, along with the limits of the Salar, structurally controlled. The alluvial fill may be covering post-Copiapó aged faulting.


About MGX’s Chilean Lithium Joint Venture
MGX is earning a 50% interest in CLS, which is a wholly owned subsidiary of Chilean Lithium Salars Holdings Ltd. (“CLSH”). CLSH holds a 100% interest in three prospective lithium exploration projects located in Chile, including the Francisco Basin, Laguna Brava and Laguna Escondida projects.  To acquire an undivided 50% interest in CLS, MGX has agreed to make Option Payments totaling US$1.5 million, incur exploration expenditures totaling US$2 million, and complete an NI 43-101 resource estimate on at least one of the Projects within 20 months. MGX is acting as project operator and has appointed Mr. Aldo Boitano, current project manager for CLS, as to oversee the project and work alongside Kura Minerals. MGX maintains the right to participate as a service provider of the engineering, construction and/or procurement of a brine processing plant using its rapid lithium extraction technology.


About Kura Minerals 
MGX is represented by Kura Minerals in Chile and led by MGX’s President of South America Operations Francisco Acuña (P. Eng.). Kura Minerals is a leading mining consulting firm with a network extending throughout South America.  Additional Kura personnel and consultants include Erich Schnake, former Chilean Mining Ministry Undersecretary, Alvaro Florez (LL.B) and Thomas Eggers.


About MGX Minerals Inc.


MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at:


http://www.globenewswire.com/NewsRoom/AttachmentNg/5607caac-4f86-4def-b0e2-e0b8e2d79a9e


http://www.globenewswire.com/NewsRoom/AttachmentNg/04eeeae7-7121-4567-b170-d4438a2cb2fa


http://www.globenewswire.com/NewsRoom/AttachmentNg/ae0ea6cc-662e-4047-845b-db22af491fda


Contact Information

Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com

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8020 Admin

6 months

8020 Admin posted a press release MGX Minerals Advances Western US Geothermal Lithium Brine Extraction Strategy; Renews Contract with Senator Polanco (Ret.) in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 10, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce receipt of the independent, 3rd party scale up and technology engineering review of the Company’s rapid lithium extraction technology for geothermal implementation in the Western United States. The report provides recommendations to implement large-scale application of the technology, including:



  1. Comprehensive review of rapid lithium extraction technology including flow systematics, processes in the scaling of technology and extraction process review; and

  2. High level project engineering scope and timeline schedule for buildout.


The Company has targeted geothermal lithium exploration in California and other Western States for potential partnerships and acquisition targets to secure lithium brine feedstock and operating sites for its lithium extraction and water treatment systems. Engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) has developed high temperature filtration for the purification of geothermal brines.


It is well known that geothermal brines contain concentrated amounts of metals and dissolved salts. The presence of these impurities, combined with the necessity to reduce brine temperature in order for traditional filtration to occur, is a large industry barrier known as scaling that severely reduces flow and heat transfer of geothermal heat exchangers. This in turn negatively impacts the long-term operating performance and, in many cases, eliminates the economic viability of these systems. Geothermal brines are known to contain lithium, magnesium and other minerals and metals including gold.


PurLucid has developed a proprietary, low energy design process that removes these scale-forming ions and dissolved salts while not requiring a reduction in brine temperatures for filtration to occur. This process utilizes PurLucid’s existing patented and licensed replaceable membrane skin layers (RSL) filtration system, originally developed by David Bromley Engineering, which creates highly charged pore spaces to force dissolved ions into colloidal particles, simultaneously filtered down to 0.01 microns. The RSL is designed specifically to foul and is removed and replaced in situ, resulting in 100% flux rate recovery. The matrix is composed of materials capable of operating at up to 700 degrees Celsius. Geothermal temperatures rarely exceed 250 degrees.


Similar to MGX and PurLucid’s existing wastewater treatment and rapid petrolithium recovery systems, the Company and PurLucid are engineering fabrication of treatment systems capable of being integrated into existing geothermal infrastructure for both the pre or post power plant phase.  The importance of high temperature operation in the post power plant phase allows return water temperature to remain high which is a primary environmental permit requirement so as not to unnecessarily cool the geothermal resource.  MGX owns the global rights to the minerals extraction technology jointly developed. The intellectual property is patent pending with core water treatment technology covered under a variety of patents and licenses.  MGX is the majority shareholder of PurLucid.


Contract Renewed with Senator Richard Polanco (Ret.)
MGX has renewed its contract with former California Senate Majority Leader Richard Polanco as an advisor and consultant to the Company. Senator Polanco continues to lead negotiations with the State of California and local municipalities regarding targeted exploration locations and sites identified by MGX as potential partnerships and acquisition targets to secure geothermal feedstock and operating sites.  Senator Polanco will also continue to advise MGX on local environmental solutions and support ongoing community and stakeholder relations.


Senator Polanco is a former California State Assembly Member and Senator, having been first elected in 1986. He served in the State Assembly for eight years and in 1994 was elected to the State Senate where he served as Senate Majority Leader from 1998 until his retirement in 2002.


Rapid Lithium Brine Extraction Technology
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as well as enhancing the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation.


About MGX Minerals Inc.
MGX Minerals is a diversified Canadian resource and technology company with interests in global advanced material, energy and water assets.


Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

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8020 Admin

7 months

8020 Admin posted a press release MGX Minerals Enters Final Phase of Product Development for Next Generation Zinc Air Fuel Cell Systems in MGX MINERALS INC.

VANCOUVER, British Columbia, Dec. 04, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary MGX Renewables, Inc. (“MGXR”) has entered the final phase of development for its next generation zinc-air mass storage systems.  All components of the system have been designed, tooled and received with the exceptions of the fuel cell and regenerator plates which comprise the housings, and the final system enclosure.  Housings are expected to arrive this month, followed by subsystem testing, this will be proceeded by system level testing in January.  All components are designed for mass production.  Many of the most sophisticated and proprietary components such as the cathode are manufactured in-house. 


























Figure 1
  MGXR modular Energy Storage System (ESS)






















Figure 2
  PGM-5000 Power Generation Module






















Figure 3
  ZRM-4500 Zinc Regeneration Module





MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW – 50MW and storage in the range of 120Kwh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.


Li-ion versus Zinc-Air
The fundamental limitation of a linear power to storage ratio and cost burden associated with both lithium-ion and lack of flexibility gives an overwhelming advantage to MGXR’s zinc-air fuel cell technology. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s).  The zinc-air fuel cell battery has completely decoupled power and storage subsystems with ratios of 1:5 up to 1:20 and conceptually 1:100, giving significant advantage in any scenario requiring more than a few hours of storage. This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation. Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates both an arbitrage opportunity and cost savings opportunity but a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.   


Technology
The MGXR ESS is based upon unique and patented zinc-air fuel cell technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, the zinc particles are regenerated and the oxygen is returned to the surrounding air.


Applications
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:



  • Storage and smoothing current from renewable energy sources such as wind and solar

  • Commercial, industrial backup replacing diesel generators

  • Industrial scale on demand power for peak shaving or standby

  • Grid scale energy storage for energy trading and arbitrage           


Architecture
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:



  • The Zinc Regeneration Subsystem (ZRS) provides the recharging function

  • The Fuel Storage Subsystem (FSS) provides the energy storage function

  • The Power Generation Subsystem (PGS) provides the discharging function


PGM-5000 Power Generation Module
The MGXR PGM-5000 is a power generation module that combines oxygen from the atmosphere with zinc particles drawn from a storage tank to generate electricity. It is composed of 24 bipolar plates connected in series to produce a nominal 24 Volt ouput. Optional instrumentation includes an embedded microprocessor control system and associated voltage, temperature and pressure sensors.


Technology
The PGM-5000 is a key component of MGXR’s unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air in the Power Generation Module (PGM).


ZRM-4500 Zinc Regeneration Module
The MGXR ZRM-4500 is a zinc regeneration module that uses electricity to extract zinc particles from a potassium zincate solution. It is composed of up to 18 bipolar plates connected in series and driven from a nominal 60 Volt input. The unit is constructed of Noryl plastic and magnesium alloy and is fitted with SurLok connectors for quick electrical installation. Optional instrumentation includes an embedded microprocessor control system and associated voltage sensors.


Technology
The ZRM-4500 is a key component of MGXR’s unique and patented zinc-air energy storage system. In this system, energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is recharging, the zinc particles are regenerated and the evolved oxygen is returned to the surrounding air by the Zinc Regeneration Module (ZRM).


Spin-Off of MGX Renewables
MGX has previously announced arrangement agreement, dated October 31, 2018 with its wholly-owned subsidiary, MGX Renewables Inc. whereby MGX will complete the spin-out of 40% of the common shares of MGX Renewables (“MGX Renewables Shares”) pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) as part of a going public transaction.  For further information see the recent press release dated November 30, 2018.


About MGX Renewables
MGX Renewables, has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.


Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.


About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in lithium, magnesium and silicon assets throughout North America. Learn more at www.mgxminerals.com.


Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.


Photos accompanying this announcement are available at
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