MGX Minerals Inc (MGXMF)

[NetworkNewsWire]

MGXMF Announces Advancement in Magnesium Extraction

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), alongside engineering partner PurLucid Treatment Solutions, this morning announced its recent advancement in magnesium extraction. The optimization focused on addressing complex brines with very high magnesium levels, as well as extraction to a common marketable form of magnesium compound. “Magnesium in brine, often referred to as hardness in water, has traditionally been one of the major issues in processing of lithium concentrate,” Jared Lazerson, CEO of MGX Minerals, stated in the news release. “Removal of very high levels of magnesium opens up a large number of global lithium brine sources for consideration that were previously considered too high in magnesium. This represents a triumph of technology over perceived resource quality, in particular, that the magnesium has been extracted in a common form of widely used industrial mineral compound.” Per the update, this refined extraction technology continues to rely on previously developed low energy, low cost nanofiltration and is currently covered under existing patents and patent-pending applications.

To view the full press release, visit http://nnw.fm/rO5xN

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