Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that the adsorption rate of its lithium extraction nanofiltration process has been increased from 20mg/g (milligram of lithium per gram of adsorption reagent) to an optimized rate of 40mg/g. Per the update, this reflects a significant cost-cutting breakthrough, as reagents account for the single largest cost in the company’s lithium extraction process. In addition to reducing reagent use and the direct cost of lithium chloride recovery from brine, reagent depletion in the lithium nanofilter has now been reduced to less than one percent per cycle, effectively increasing the operating time and associated recovery for the lithium nanofilter prior to requiring recoating with the reagent. Additionally, MGX this morning reported that its first 1,200 cubic meter plant is currently in its final design phase, with work being completed by engineering partner PurLucid Treatment Solutions. Fabrication is expected to commence shortly and be completed by summer of 2018.
To view the full press release, visit http://nnw.fm/6VWzp
About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX. Learn more at www.mgxminerals.com
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