NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG)
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Posted On: 12/26/2017 6:18:02 PM
NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Innovative in Energy-saving Mining Process
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
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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