Wednesday, September 6, 2017

So, This Company Is Recovering Lithium from Oil Extraction Wastewater

This is Absolutely NOT an endorsement of either the company or the stock.
Just a followup to Monday's post about nuking the oilsands and fracking for uranium.
From MGX Minerals:

MGX Minerals Announces Lithium, Magnesium, Silicon, and REE Project Updates 
August 29, 2017 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to provide shareholders with a  progress report on multiple fronts inclusive of lithium, magnesium, silicon, and newly acquired rare earth (REE) superalloy projects.

US / Canadian Petrolithium and Lithium Brine ProjectsMGX has processed wastewater and lithium brine from eight North American project sites since inception of its one cubic meter per hour pilot plant in July 2017. These bulk samples of one US barrel each were shipped from six oil and gas sites and two mine sites in the US and Canada. Independent assays are pending to verify lithium and other mineral recoveries as well as clean water output profile to determine environmental and water handling benefit.

This data will provide the basis for the engineering of these projects and final commercial arrangement. These projects represent high priority lithium and environmental water handling projects. In addition to its wholly owned projects, MGX has entered testing and analyses agreements with major oil companies across North America and has completed testing at more than 25 locations providing an initial pipeline of mineral and water handling projects and sites for deployment of 1200 cubic meter of water per day systems (7,500 US barrels per day).

The first 120 cubic meter per day system is near completion and first 1,200 cubic meter skid mounted mobile system is currently being manufactured with mass production scheduled for Q1 2018.  MGX Minerals controls over two million acres of lithium brine mineral permits across North America covering in many areas lithium brine correlated with existing oil and gas operations....