Tag: CSE:XMG

MGX Minerals Announces 94% Gold Recovery Metallurgy at Heino Gold Deposit

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MGX Minerals Inc. (“MGX” or the “Company“) (CSE:XMG) (FKT:1MG) (OTC PINK:MGXMF) announces additional metallurgy results for extraction of gold from mineralized rock from the Heino Gold Deposit by ALS Global Canada. A 2kg sample taken from a 150kg bulk sample, averaging 28.8 grams per tonne gold, was crushed and run through a gravity (Knelson) concentrator (“Pan Con” in the tables below) and flotation circuit with a 94.1% total recovery of gold and 5.9% gold reporting to tailings. read more

MGX Minerals and Eureka Resources Announce Joint Venture to Recover Lithium from Produced Water in Eastern United States

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and Eureka Resources, LLC have signed a Letter of Intent to form an exclusive joint venture to recover lithium from water produced at non-conventional oil and gas sites across the Marcellus and Utica shale formations in the eastern United States. read more

MGX Minerals Announces Phase Two Development of Silicon Based Anode for High-Energy Lithium-Ion Batteries

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) reported today that its collaborative research partnership with the University of British Columbia (“UBC”) has completed a comprehensive baseline assessment of metallurgical silicon originating from each of the Company’s three silicon projects in southeastern British Columbia. MGX and UBC are working together to develop next-generation Li-ion batteries capable of quadrupling energy density from current 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid storage. read more

MGX Minerals Announces Oilsands Lithium Extraction and Wastewater Treatment System Deployments

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) and engineering partner PurLucid Treatment Solutions (“PurLucid”) are pleased to report a second deployment of an advanced wastewater treatment system is near completion and commissioning is expected shortly. The system is capable of processing up to 10m3 per hour. The system will significantly reduce greenhouse gases through energy savings on steam generation. The technology provides superior treatment outcomes when compared to conventional technology which requires offsite trucking and high cost (due to toxicity) disposal. The technology can treat the water in line, under temperature and pressure, without cooling water first and is a paradigm shift advancement in waste water management and oilsands operations. This will result in significantly less energy use for water treatment, reduction in greenhouse gases and also eliminate a major operational challenge of a (“SAGD”) facility, which is heat exchanger fouling. read more

MGX Minerals Announces Appointment of Ron MacDonald to MGX Renewables Board of Directors

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to report that its wholly owned subsidiary MGX Renewables Inc. (“MGXR”), a leader in the development of low-cost energy storage systems, has appointed former Canadian Member of Parliament and renewables / infrastructure industry veteran and energy specialist Ron MacDonald to its Board of Directors effective immediately. read more

MGX Minerals Announces Successful Commissioning of Alberta Oilsands Wastewater Treatment System

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) and engineering partner PurLucid Treatment Solutions (“PurLucid”) are pleased to report commissioning results from its commercial-scale 5m3 per hour (750 barrel per day) NFLi-5 advanced wastewater treatment system. The system is currently operating and under contract with an oilsands SAGD operator to process evaporator blowdown water (EBD). The study focused on a 3-week operational period in December 2018 as preparation for an additional in-line deployment of a new 10m3 per hour (1500 bpd), which is now underway. read more

MGX Minerals Drills 44 Meters of 1700ppm Niobium at REN Niobium-Tantalum-Titanium-REE Project

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Drill core.jpg

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to provide an update for its REN Niobium-Tantalum-Titanium-REE Mineral Property (“Ren” or the “Property”) located in the northern Monashee Mountains of southeastern British Columbia. The Company has now received assay results from diamond drilling as well as field reconnaissance results from a regional geochemical sampling program completed at REN. read more

MGX Minerals Announces Partnership with University of British Columbia to Develop Metallurgical Silicon Based Anode for High-Energy Lithium-Ion Batteries

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report it is funding a research consortium with the University of British Columbia (“UBC”) to develop a low-cost and scalable method for fabricating Silicon based anode to improve the energy density of Li-ion batteries. The two-year research program will focus on 1) fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock and 2) compositing nanostructured silicon with commercial graphite to develop a high-performance silicon anode. The purpose of the research is to replace the graphite anode with silicon and complete a hybrid in the short-term which will not require retooling. The ultimate goal is to enable next-generation Li-ion batteries capable of quadrupling energy density from current 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid storage. read more

MGX Minerals Receives Court Approval for Plan of Arrangement with MGX Renewables; Commences Testing of Regenerator / Charging Module

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MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Company has received an interim order from the Supreme Court of British Columbia in respect of the Plan of Arrangement (the “Interim Order”) with its wholly-owned subsidiary MGX Renewables Inc. (“MGX Renewables”) whereby MGX will complete a spin-out of 40% of the common shares of MGX Renewables (“MGX Renewables Shares”) pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) as part of a going public transaction planned for early February 2019. read more