VANCOUVER, Feb. 21, 2017 /PRNewswire/ - MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG / OTC: MGXMF) ) is pleased to report that the Nanoflotation technology developed by David Bromley Engineering (DBE) and licensed exclusively to MGX engineering and technology development partner PurLucid Treatment Solutions Inc. ("PurLucid") has been nominated for the prestigious international Katerva Award.
The Katerva Award recognizes disruptive sustainable innovations from around the world. The patented nanoflotation technology, which removes metals and physical particulate from oil and gas waste water, has been nominated as one of ten finalists for the Energy and Power category. Purlucid has developed a lithium recovery method that relies on Nanoflotation as a core component of the water treatment and mineral recovery process. Purlucid holds exclusive rights to the technology for use in oil and gas water and brine treatment with the rights to expand licensing across sectors and geographies globally.
MGX and PurLucid entered into an Acquisition Agreement (the "Agreement") in September 2016 (see press release dated September 15, 2016).
About MGX Minerals
MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the development of large-scale industrial mineral portfolios in western Canada and the United States. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta as well as petro lithium exploration in Utah.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information or forward-looking statements including the completion of the rights offering (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
SOURCE MGX Minerals Inc.