MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) is reaping the rewards of solid investment strategies and an innovative process to recover lithium and other minerals through a proprietary method that takes the place of evaporation to cull minerals from brine wastewater. Nearly 2 million acres of brine-bearing formations have already been acquired and an operating agreement with a private lender to acquire a 75 percent working interest in oil and gas leases gave MGX access to a project that covers significant parts of Utah and Colorado. An article discussing this reads: “A number of achievements have been noted recently. Wastewater and lithium brine were processed from eight different projects, at a one-cubic-meter-per-hour rate, in August 2017. The effort proved the economic viability of the company’s technology. MGX also succeeded in employing the rapid recovery process to recover concentrated lithium from heavy oil evaporator blowdown wastewater. In April, results from the Saskatchewan Research Council, which conducted independent laboratory testing, noted the success of the extraction process. At the Sturgeon Lake oilfield, it measured a recovery of 83.7 percent lithium and a concentration of 461 parts-per-million of lithium.”
To view the full article, visit http://dtn.fm/9oXWl
Let us hear your thoughts: MGX Minerals Inc. Message Board
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. For more information, visit the company’s website at www.MGXMinerals.com.
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.