VANCOUVER, British Columbia, Dec. 01, 2017 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is please to announce it has retained former California Senate Majority Leader Richard Polanco as an advisor and consultant to the Company. Mr. Polanco will lead direct negotiations with the State of California and local municipalities regarding targeted exploration locations and sites identified by MGX as potential partnerships and acquisition targets to secure feedstock and operating sites. These sites will utilize the Company’s patented rapid recovery process to concentrate lithium and other minerals and metals from brine. Mr. Polanco will also advise MGX on local environmental solutions and support ongoing community and stakeholder relations.
Stated Senator Polanco: “MGX is changing the way we look at the energy industry and the environment. I feel the Company is poised for growth by combining cleantech and mineral extraction to extract lithium and produce a clean water byproduct using low energy nano-filtration. I am excited to join the Company and work alongside their accomplished team as they expand into California.”
Mr. Polanco is a former California State Assembly Member and Senator, having been first elected in 1986. He served in the State Assembly for eight years and in 1994 was elected to the State Senate where he served as Senate Majority Leader from 1998 until his retirement in 2002. Prior to elected office, Mr. Polanco also served on the staff of Los Angeles County Supervisor Ed Edelman, Assemblyman Richard Alatorre and former Governor Jerry Brown.
MGX currently controls over two million acres of known lithium-bearing brine areas throughout North America. The Company’s rapid recovery process concentrates lithium, magnesium and other minerals from a variety of wastewaters using low energy, low cost nano-filtration technology. This proprietary design process is currently covered under patent and patent-pending applications. MGX and engineering partner PurLucid Treatment Solutions have integrated this design process with exclusively licensed and patented nanoflotation technology that purifies wastewaters. Combined, this Cleantech has global implications as it can be utilized in a variety of different scenarios, ranging from oilfield operations to municipality treatment centers, or as standalone lithium and mineral extraction units with clean water by-product.
Qualified Person The technical portions of this press release were prepared and reviewed by Andris Kikauka (P. Geo.), Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument (N.I.) 43-101 Standards.
About MGX Minerals MGX Minerals is a diversified Canadian resource company with interests in lithium, magnesium and silicon assets throughout North America. Learn more at www.mgxminerals.com .
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com .
Contact Information Jared Lazerson President and CEO Telephone: 1.604.681.7735 Web: www.mgxminerals.com
