Proactive Investors - Run By Investors For Investors

MGX Minerals' collaboration with University of British Columbia has developed new material for its next generation lithium-ion batteries

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
Electric car
Lithium-ion batteries are used to make electric cars

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.

READ: MGX Minerals eyeing revenue of C$2 million from ground-breaking wastewater systems

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.

Contact Giles at [email protected]

Follow him on Twitter @Gile74

View full XMG profile View Profile

MGX Minerals Inc. Timeline

Related Articles

Project area
February 12 2019
Forecast life-of-mine gold production jumps to 289,000 ounces following a new resource estimate and mine design.
1554206107_Jupiter-Mines---Tshipi-ore.jpg
April 02 2019
The Tshipi manganese has a 100-year mine life, and a track record of delivering cash flow and profits
TGME plant
February 05 2019
A scoping study for Theta Hill released in October 2018 delivered a positive result for the shallow, high-grade gold resource.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use