ZURICH, SWITZERLAND / ACCESSWIRE / October 16, 2017 / Today, MGX Minerals Inc. (CSE: XMG; OTCQB: MGXMF; Frankfurt: 1MG) made an announcement that has the ingredients to change the lithium industry as we know it. MGX and its technology partner, PurLucid, made ground-breaking progress in treating complex brines with high magnesium content. Their technology tested bulk lithium brine samples from a US site with very high magnesium levels (76,000 mg/L): The pre-treatment process successfully removed all of the magnesium to non-detectable levels (less than 1 mg/L).
This sounds like a game-changer for the lithium and electric vehicle industries because this feat was achieved with a low energy, low cost process under patent and patent pending applications.
There exist vast quantities of lithium-containing brines with high magnesium content in South America, USA, Canada and China. For example, although Bolivia does not produce any lithium as of today, it is called the "Saudi Arabia of Lithium" because its still-untapped salares contain about half of the world's estimated lithium reserves - but typically have high Mg-Li ratios (Bolivia's Salar de Uyuni has about 3 times as much magnesium as Chile's Salar de Atacama). MGX's CEO, Jared Lazerson, explained:
"Magnesium in brine, often referred to as hardness in water, has traditionally been one of the major issues in processing of lithium concentrate. The lithium magnesium ratio was traditionally one of the primary factors in consideration of the viability of lithium brine projects. One of the major factors in development of South American brine sources was the relatively low magnesium content. Alternatively, high magnesium content brine sources have been slow to develop such as those in the United States, China, and the Middle East for this reason. Removal of very high levels of magnesium opens up a large number of global lithium brine sources for consideration that were previously considered too high in magnesium. This represents a triumph of technology over perceived resource quality, in particular, that the magnesium has been extracted in a common form of widely used industrial mineral compound."
The full report can be accessed with the following links:
English (web version): http://rockstone-research.com/index.php/en/research-reports/3646-MGX-Minerals-Solves-the-Magnesium-Problem-of-the-Lithium-Industry
English (PDF): http://rockstone-research.com/images/PDF/MGX26en.pdf
German (web version): http://rockstone-research.com/index.php/de/research-reports/3645-MGX-Minerals-loest-das-Magnesium-Problem-der-Lithium-Industrie
German (PDF): http://rockstone-research.com/images/PDF/MGX26de.pdf
Disclaimer: Please read the full disclaimer within the full research report as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
