MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that Mr. Marc Bruner, a leader in the development of unconventional oil and gas projects throughout North America and internationally, will serve as Chairman of the Board for MGX Minerals as well as direct petro lithium (lithium and oil) acquisitions and development for the Company’s wholly owned subsidiary, PetroLithium Corporation of America.
“MGX is the first Company to separate lithium from oil well wastewater. I am excited about bringing my experience in the unconventional oil and gas business into a new industry where creative thinking is required. Being first positions MGX to be the growth leader in this energy industry paradigm shift,” stated newly appointed MGX Chairman Marc Bruner.
As previously announced, MGX and engineering partner PurLucid Treatment Solutions (“PurLucid”) have successfully extracted lithium from oil sands wastewater (see press release dated January 3, 2017). The Company and PurLucid are now preparing for deployment of the pilot plant shortly with commercial scale deployment expected during the second half of 2017. MGX’s patent pending lithium extraction process, which potentially reduces recovery times of lithium and other valuable minerals from 18 months to one day, compared with conventional lithium extraction.
Mr. Bruner joins Dr. Larry Marks (Geophysics), formerly of Royal Dutch Shell and Shell Oil Canada, as well as Mr. Claudio Manissero, formerly of FMC Lithium and Dr. Preston McEachern, Chief Scientist, on the PetroLithium Corporate Team.
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. MGX recently released a maiden N.I. 43-101 compliant mineral resource estimate for its Driftwood Creek magnesium project, which outlined 8.3 million tonnes grading 43.31% magnesium oxide. In January the Company received a 20-year Mining Lease for Driftwood Creek. Additionally, the Company is the largest lithium brine land holder in Canada, controlling nearly 487,000 hectares of land representing over one million barrels of brine production per day.