Tag: ZincNyx Energy Solutions

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to provide an update regarding the proposed spin-out of its wholly owned subsidiary, ZincNyx Energy Solutions Inc. (“ZincNyx”), the intentions for which were previously announced in the Company’s October 3, 2018 news release (the “Prior Release”). The Company has determined to fix October 22, 2018 as the record date (the “Record Date”) for the proposed 2nd distribution of the payment of a dividend in kind of common shares in the capital of its wholly owned subsidiary, ZincNyx (the “ZincNyx Shares”) to shareholders of MGX as of the Record Date (“MGX Shareholders”). U.S shareholders will be eligible to receive the proposed distribution, however there is no guarantee ZincNyx shares will be listed on a qualified U.S. exchange. The Company will issue dividend shares totaling 7% of its holdings in ZincNyx to MGX Shareholders of Record, pending final pricing of shares.  As previously announced, shareholders of record of June 29, 2018 will receive a dividend of 33%. read more

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has released preliminary datasheet specifications for its product line of next generation zinc-air energy storage systems. Details are as follows: read more

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has now commissioned particle sizing equipment as part of final preparations to begin manufacturing  cathodes for use in its next generation fuel cell batteries. The immediate objective is to decrease cathode manufacturing costs by at least 50% and ultimately reduce costs by more than 90% to achieve a manufactured cost of less than $10 per cathode. In addition to its use in manufacturing of the existing cathode, ZincNyx also plans to use the equipment in the development of its next generation of proprietary fuel cell cathodes that will bring further cost and performance gains. The ability of the new equipment to analyze particles in suspension will also enable ZincNyx engineers to better characterize the morphology and behavior of the dendritic zinc particles that are at the core of the ZincNyx technology. read more