MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) has released promising results in its work to develop high energy lithium-ion batteries.
The Vancouver-based group said its collaborative research partnership with the University of British Columbia (UBC) had successfully developed a hybrid organic-inorganic material for use in making silicon interfaces.
The aim of the two-year research program is to develop a low-cost and scalable method that will fabricate a silicon-based anode to improve the energy density of Li-ion batteries.
MGX has three silicon projects in southeastern British Columbia - Koot, Wonah and Gibraltar.
"These interfaces will prove critical in achieving a highly efficient, long-lasting silicon anode that will aide in the development of next generation lithium-ion batteries capable of quadrupling energy density from the current standard of 100 Wh/kg up to 400 Wh/kg for use in long-range electric vehicles and grid-scale energy storage," MGX said in today's statement.
As well as developing silicon interfaces, MGX and the university are also conducting process optimization on metallurgical grade silicon.
The goal is to use low-cost metallurgical-grade silicon as a feedstock to fabricate nanostructured silicon.
A one-ton sample of quartzite from MGX's Gibraltar project was recently sent to an independent lab in Germany for analyses.
Dorfner conducted X-ray diffraction analysis, chemical analyses through X-ray fluorescence spectroscopy, grain size distribution, mineral processing analysis, automated optical sorting and thermal stability testing.
Results indicated that the material, after reducing its size, is of high initial purity, making the fraction chemically suitable as medium quality feedstock material for metallurgical-grade silicon.
Shares in MGX surged over 11% to $0.30 each in Toronto.
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