Tag: MGX Renewables

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

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CSE:XMG, MGX Minerals, lithium,

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

MGX Minerals Enters Final Phase of Product Development for Next Generation Zinc Air Fuel Cell Systems

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CSE:XMG, MGX Minerals, lithium,
Figure 1

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary MGX Renewables, Inc. (“MGXR”) has entered the final phase of development for its next generation zinc-air mass storage systems.  All components of the system have been designed, tooled and received with the exceptions of the fuel cell and regenerator plates which comprise the housings, and the final system enclosure.  Housings are expected to arrive this month, followed by subsystem testing, this will be proceeded by system level testing in January.  All components are designed for mass production.  Many of the most sophisticated and proprietary components such as the cathode are manufactured in-house. read more

MGX Minerals Provides Update on Spin-Out of MGX Renewables Inc

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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to provide an update regarding its previously announced arrangement agreement, dated October 31, 2018 with its wholly-owned subsidiary, MGX Renewables Inc. (formerly ZincNyx Energy Solutions Inc.) (“MGX Renewables”) whereby MGX will complete the 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). read more

MGX Minerals Announces Submission of Listing Application for MGX Renewables

MGX files Listing Application with CSE in respect of MGX Renewables
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CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to announce that it has submitted an application to list the shares of its wholly-owned subsidiary, MGX Renewables Inc. (formerly ZincNyx Energy Solutions Inc.) (“MGX Renewables”) on the CSE. read more