MGX Minerals progresses on lithium extraction from geothermal brine
MGX Minerals reports having processed lithium brine from South American salar samples and North American geothermal brine samples; and that negotiations are underway for Plant Deployment.
MGX Minerals Inc. has provided an update on its lithium operations in North and South America.
In North America, the Company reports completion of brine analysis and pilot plant processing of samples originating from an industrial wastewater stream and geothermal lithium brine samples. The Company’s investment bank Capstone Headwaters LLC is assisting in negotiations.
In South America, the Company has completed pilot plant testing on brine samples originating from multiple salars located in Chile. MGX has entered into a joint brine testing agreement with a number of South American mining companies. The parties are now working to identify potential joint-venture locations that will utilize the Company’s lithium extraction technology.
The Company’s rapid recovery process concentrates lithium, magnesium and other minerals from a variety of brines, including oil and gas wastewater, natural brine and industrial plant wastewater. The process uses a nano-filtration technology that utilizes a proprietary design process currently covered under patent and patent-pending applications.
MGX and its engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) have integrated this rapid recovery design process with PurLucid’s exclusively licensed and patented nanoflotation technology that purifies wastewaters. Combined, this technology 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.
Source: Company release via Stockhouse