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MGX Minerals set to deliver first rapid lithium extraction system on October 8

Last updated: 16:52 02 Oct 2018 BST, First published: 11:52 02 Oct 2018 BST

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The first system will be delivered near to Alberta oilsands

MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) unveiled a major milestone Tuesday - that it was shipping its first petrolithium and advanced wastewater treatment system on October 8 this year.

MGX, with engineering partner Purlucid, has developed the rapid technology, which reduces costs and enhances the quality of extraction across a complex range of brines.

The first "commercial-scale" 750 barrel per day (bpd) system will be delivered to a centralized treatment and processing facility north of Edmonton and near to the Alberta oilsands.

Installation of the plant will take around three weeks.

MGX noted that PurLucid will be able to take delivery of wastewater brine from multiple clients.

The brine will be processed for lithium recovery, wastewater purification and disposal of residuals, MGX said.

MGX shares shed almost 9% to stand at $0.4105 in Toronto.

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on 28/11/17