NetworkNewsBreaks – MGX Minerals’ (CSE: XMG) (
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Posted On: 11/06/2017 6:02:48 PM
NetworkNewsBreaks – MGX Minerals’ (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Engineering Partner Awarded C$8.2M to Develop Water Treatment System
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that PurLucid Treatment Solutions, its engineering partner, has been awarded a non-repayable contribution totaling up to C$8.2 million in government funding, including grants from both Sustainable Development Technology Canada (“SDTC”) and Emissions Reduction Alberta (“ERA”), in support of the commercialization of a low energy water treatment system for the oil and gas industry. “Treatment of wastewater has always been a challenge and significant cost to oil and gas producers; it is also essential to implement petrolithium recovery,” Dr. Preston McEachern, founder and CEO of PurLucid, stated in the news release. “We’re grateful to receive support from SDTC and ERA in the form of development contributions, to build the first commercial system at an operating oil production facility in Alberta and to demonstrate the large cost and energy savings that can be achieved with these systems.” MGX currently owns a 34 percent stake in PurLucid and maintains the right to acquire 100 percent through successive future investments
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that PurLucid Treatment Solutions, its engineering partner, has been awarded a non-repayable contribution totaling up to C$8.2 million in government funding, including grants from both Sustainable Development Technology Canada (“SDTC”) and Emissions Reduction Alberta (“ERA”), in support of the commercialization of a low energy water treatment system for the oil and gas industry. “Treatment of wastewater has always been a challenge and significant cost to oil and gas producers; it is also essential to implement petrolithium recovery,” Dr. Preston McEachern, founder and CEO of PurLucid, stated in the news release. “We’re grateful to receive support from SDTC and ERA in the form of development contributions, to build the first commercial system at an operating oil production facility in Alberta and to demonstrate the large cost and energy savings that can be achieved with these systems.” MGX currently owns a 34 percent stake in PurLucid and maintains the right to acquire 100 percent through successive future investments
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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