MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning reported that its engineering partner, PurLucid Treatment Solutions Inc., has developed a new process of high-temperature filtration for the purification of geothermal brines and associated extraction of metals and minerals including lithium. The new technology is also an environmentally friendly alternative for geothermal brine disposition. The companies are conducting engineering studies to construct treatment systems capable of being integrated into present geothermal infrastructure or integrated as separate systems for mineral and metals extraction. “Our newest technological advancement offers yet another first-mover opportunity into a large and often stagnant sector hungry for new ideas,” MGX president and CEO Jared Lazerson stated in the news release.
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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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