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Sector:  Mining, Energy, Industrial, Transportation   :

 

News Release - March 29, 2018 4:38 PM ET 

 

 

MGX Minerals demonstrates ability to produce high-grade vanadium concentrate from Fort McMurray Alberta oil sands petcoke waste

 

NEW YORK, NY, March 29,  2018 /Sector Newswire/ -- MGX Minerals Inc. (CSE: XMG) (OTCQB: MGXMF) this week announced additional assay results of petroleum coke samples collected from stockpiles produced from the Fort McMurray area mining and upgrading operation as well as the Edmonton refinery. Both samples originated from Delayed Coking operations.  -- results yield production of 45% vanadium concentrate from petroleum coke ash. Petcoke is an environmentally harmful and burdensome waste product from the petroleum industry.

 

The aforementioned falls on the heels of news the Company has been nominated in two categories as a finalist for the S&P Global Platts Metal Awards; MGX has been chosen as a finalist for the Base and Specialty Metals Industry Leadership Award as well as the Breakthrough Solution of the Year Award. The Company also last week announced that it has retained a merger and acquisition advisory firm. Additionally, MGX Minerals recently has engaged Hatch Ltd. for a magnesium metal study on its Driftwood Project which recently announced positive Preliminary Economic Assessment (“PEA”) for the production of 161,000 net tonnes per year of magnesium oxide (MgO). Also the Company recently announced that it has commenced optimization of charging and oxygen fuel generation functions for its zinc air fuel cell battery as part of the mass production design phase.

  

Below is excerpt copy of recent Company news releases;

 

Excerpt of recent (March 29, 2018) news release from MGX:

 

MGX Minerals and Highbury Energy Produce 45% Vanadium Concentrate from Petroleum Coke Ash

 

VANCOUVER, British Columbia, March 29, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report additional assay results of Petroleum Coke (“Petcoke”) samples collected from stockpiles produced from the Fort McMurray area mining and upgrading operation as well as the Edmonton refinery. Both samples originated from Delayed Coking operations. Samples were obtained and prepared by Highbury Energy Inc. (“Highbury”) and metal contents analyzed by Acme Labs of Vancouver, British Columbia using standard ICP analyses.

 

Ash Content
Ash was determined by weighing residues after burning coke samples of about 200 g in air in a muffle oven over extended periods at 815°C. Table A indicates the average ash content of 6 to 7 samples of each coke.

 

Table A. Ash Content of Coke Samples

Sample name

Ash content (% wt.)

No. of samples tested

Upgrader Coke A

2.73 ±0.09

6

Refinery Coke B

0.32 ±0.04

7

Upgrader Coke A had about nine times as much ash as was in Refinery Coke B.

 

Proximate Analyses
The cokes contain over 95 % organic (non-mineral) matter. Thermogravimetric analyses on 10 mg quantities are shown below.

 

Table B. Proximate Analyses of Coke by the Thermo-gravimetric Analyser Method

Quantity (wt. %)

Upgrader Coke A

Refinery Coke B

Volatile Matter

8.9

10.0

Fixed Carbon

86.9

86.3

Residues

4.3

1.7

Residue refers to residual mineral matter left after the thermo-gravimetric test. Except for the % Residue, the two cokes have similar combustion properties.

 

Metals Analysis in the Coke Samples
Lithium borate fusion ICP-MS method measures 45 trace metal concentrations in the coke.  Results are expressed as (mg/kg) or ppmwt. Table C lists concentrations of selected metals.

 

Table C. Selected Metal Concentrations in Coke (mg Metal/kg Coke)

Sample

V

Ni

Cu

Zr

Co

Au

Ag

Upgrader Coke A

421

76.8

86.2

40.5

4.8

0.0011

< 0.1

Refinery Coke B

458

53.4

35.9

1.3

1.3

<0.0005

<0.1

Vanadium is the highest concentration of the 45 trace metals detected in the coke samples.

 

Ash Analyses
Ash analysis was completed by Bureau Veritas Commodities Canada Ltd. (“BV”) of Vancouver, British Columbia using XRF method (XF701). Results are expressed as % wt. in the ash as oxide.  Sixteen elements as oxides, and LOI (loss on ignition) are determined. The ash samples were prepared in Highbury’s laboratory and sent to BV for analysis. The maximum % the analysis method could accommodate was 10.0 % for V2O5; therefore ash samples were diluted by mixing with other solids. In the Highbury laboratory both Al2O3 and Fe2O3 were used.

 

Table D. Selected Species in the Ash of Each Coke Type

Species (wt. %)

Upgrader Coke Ash A

Refinery Coke Ash B

Al2O3

27.7

9.8

SiO2

42.6

23.6

V2O5

6.6

45.1

Fe2O3

8.0

2.7

TiO2

5.7

0.7

K2O+MgO+CaO

4.0

6.4

LOI

0.0

4.3

SubTotal (wt.%)

90.8

92.5

 

For Upgrader Coke A, the sum of Al2O3 +SiO2 is about 70 %.  V2O5 is about 6.6%, according to the ash analyses. For Refinery Coke B, the average % V2O5 in the ash is 45 %.

 

Table E Trace Metals Concentration in Ash (mg Metal/kg Ash) for Selected Species [Two Determinations Average]

Sample

V

Ni

Cu

Zr

Co

Au

Ag

Mo

Upgrader Coke Ash A

34600

740

130

1840

230

0.02

2.5

1405

Refinery Coke Ash B

193000

177000

340

405

620

0.02

0.175

5000

 

Vanadium metal concentrations are 3.5 % wt. in Upgrader Coke Ash A, and 19.3 % wt. in Refinery Coke Ash B, which is also enriched in Nickel. 

 

Calculated ash compositions from ICP and XRF methods can show discrepancies due to differences in analytical methods and to the dilution step as used in the present work.

 

Background
Petcoke is a carbon material by-product of the oil and gas industry that forms during the oil refining process. As refineries have become more efficient at processing extra heavy crude oils (bitumen) over the last two decades, output of Petcoke globally has risen significantly. Because Petcoke originates from heavier petroleum fractions, its denser impurities such as metals and sulphur compounds are concentrated in it.

 

The majority of Canadian Petcoke output occurs in close proximity to oil sand producing regions, where bitumen is upgraded into synthetic crude oil. Specifically, the Province of Alberta is known to host vast stockpiles of Petcoke. According to the Alberta Energy Regulator, petcoke inventories are estimated to have reached 106 million tonnes in 2016(1).

 

 (1) Source: Alberta Energy Industry, Alberta Mineable Oil Sands Plant Statistics

While concentrations of individual metals are low in raw petcoke, Highbury is utilizing its advanced knowledge of the thermochemical gasification process and existing large-scale pilot plant experience to assist MGX in designing a process to generate hydrogen gas and concentrate metals in the form of ash byproduct. Highbury has completed a Phase I report on potential processes and markets for primary and secondary byproducts. A Phase II study has commenced including analyses of locations, laboratory bench top feedstock results, advanced process design and initial plant design parameters.

 

...click here for full copy from source

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Excerpt of recent (March 20, 2018) news release from MGX:

 

MGX Minerals Recognized as Double Finalist for S&P Global Platts Metals Awards

 

VANCOUVER, British Columbia, March 20, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce the Company has been nominated in two categories as a finalist for the S&P Global Platts Metal Awards. MGX has been chosen as a finalist for the Base and Specialty Metals Industry Leadership Award as well as the Breakthrough Solution of the Year Award.
 

Global Metals Awards Finalists were chosen from a pool of nearly 100 nominations. An independent panel of international experts, whose background and experience include regulation, corporate leadership, trading and technology, will determine the award winners. Winners of the 2018 Global Metals Awards will be announced at a black-tie celebration on May 17, 2018 at the Marriott Grosvenor Square in London. For more information visit https://gma.platts.com/Finalists/Finalists2018.

 

MGX’s technology rapidly extracts lithium and other elements from oilfield and oilsands wastewater, mine tailings, and natural brine with a clean water by-product. Commercial units are nearing deployment and have been designed to be scalable and modular. MGX controls over two million acres of lithium-bearing brines throughout North America....

...click here for full copy from source

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Excerpt of recent (March 22, 2018) news release from MGX:

 

MGX Minerals Selects Capstone Headwaters for Merger and Acquisition Advisory; Focus on Lithium, Magnesium and Energy Technology

  

VANCOUVER, British Columbia, March 22, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce it has retained the services of Capstone Headwaters LLC (“CSHW”) to provide investment banking and financial advisory services. Advancement of the Company’s lithium, magnesium and energy assets will remain in focus.
 

In light of recent events, including completion of a positive N.I. 43-101 Preliminary Economic Assessment for Driftwood Creek (see press release dated March 6, 2018), entry into the Chilean lithium brine and California geothermal brine markets (see press release dated January 23, 2018), commercialization of its lithium extraction technology  (see press release dated February 12, 2018), and acquisition of ZincNyx Energy Solutions with development of next generation zinc air fuel cell battery technology (see press release dated January 30, 2018) the Company recognizes the need for an experienced investment banking advisor.

 

Capstone will advise the Company in all transaction related matters including project financing, assets disposition, valuation, banking, acquisitions and corporate structuring.

 

About Capstone Headwaters
Capstone Headwaters is an elite investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. Capstone Headwaters provides merger & acquisition, private placement, corporate restructuring and financial advisory services across 16 industry verticals to meet the lifecycle needs of emerging enterprises. Headquartered in Boston, MA and Denver, CO, Capstone Headwaters has 20 offices in the US, UK and Brazil with a global reach that includes over 300 professionals in 34 countries. For more information, visit www.capstoneheadwaters.com.

.

About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at www.mgxminerals.com.

...click here for full copy from source

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Excerpt of recent (March 15, 2018) news release from MGX:

 

MGX Minerals Engages Hatch Ltd. for Magnesium Metal Study at Driftwood Creek, British Columbia

 

VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce that as a result of the recently announced positive Preliminary Economic Assessment (“PEA”) for the production of 161,000 net tonnes per year of magnesium oxide (MgO) at its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”), the Company has engaged engineering firm Hatch Ltd. (“Hatch”) to complete a scoping study for the purpose of selecting appropriate process and associated economics for the upgrading of magnesium oxide to magnesium metal. The Hatch study will evaluate process routes, and order of magnitude capital and operating cost estimates for an initial 10,000 tonne per year (tpy) magnesium plant as well as address various environmental and engineering topics.
 

The scoping study may further enhance the already positive economics of Driftwood Creek with the addition of Mg Metal to proposed MgO production as well as provide diversification into advanced materials. The current price of magnesium metal (99.5% ingot) is approximately $2,250 per tonne versus MgO (DBM 95%) at approximately US$600 per tonne. Contained Mg in MgO is 60.3%, making the process and associated recovery as well as energy use a key focus of the study. Additionally, long-standing anti-dumping and strategic metal designation has significantly increased the domestic price of Mg in the United States compared with global markets. A single sole producer of magnesium metal in the U.S. has operated for many years. Of note is the fact that Canada is no longer subject to these U.S. tariffs against foreign magnesium metal imports. Additionally, Driftwood is located in an area of low cost power in southwest British Columbia and proximate by direct rail to even lower cost power in eastern Washington State.

...click here for full copy from source

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Excerpt of recent (March 12, 2018) news release from MGX:

 

MGX Minerals Announces Advancement of Next Generation Zinc Air Fuel Cell Battery

 

VANCOUVER, British Columbia, March 12, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce it has commenced optimization of charging and oxygen fuel generation functions for its zinc air fuel cell battery as part of the mass production design phase.
 

Regeneration Module
The charging function of the zinc air battery occurs in the regeneration module. Design work is now focused on optimization of the bubble field that is generated during the zinc regeneration process. A deeper understanding of the bubble field and how to optimize its effects will enable to operate at higher efficiency and offer improved reliability at a lower cost.

 

The regeneration module functions by charging zinc particles, which form the electrolyte that is then passed to the fuel tank. The fuel tank may be of any size and hold full charge for six months without any significant loss. The system may be powered by a variety of renewable and traditional sources including solar.

 

Oxygen Generation
The carbon-dioxide scrubber module is used in the generation of the oxygen fuel from air. Oxygen is combined with zinc to create the electrolyte used in the fuel cell where power is generated. Testing of an alkaline solution in removing carbon dioxide from ambient air is also underway. The outcome of these tests will be used to further optimize the scrubber module for production systems. The liquid-based scrubber promises to deliver much higher capacity and lower cost than comparable solids-based methods.

 

This next generation system will continue to be modular and offer capabilities to combine multiple 20kW systems at the electrical interface, allowing for deployment of containerized systems capable of providing up to one Megawatt or more. The expanded range of the system will address the need for long duration energy storage when coupled with renewable energy sources such as wind and solar. The system may be housed in a shipping container for deployment at remote locations or installed in free standing racks in warehouse-type environments.

 

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e3bf344c-90b3-4373-96fe-47998d9e6285

 

Overview of Technology
ZincNyx has developed a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications.

 

Unlike conventional batteries, which have a fixed energy/power ratio, ZincNyx’s technology uses a fuel tank system that offers flexible energy/power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge and discharge components.

 

To watch a short video outlining ZincNyx technology, please visit http://www.zincnyx.com/technology

...click here for full copy from source

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Excerpt of recent (March 6, 2018) news release from MGX:

 

MGX Minerals Announces Positive PEA for Driftwood Creek Magnesium; Pre-Tax NPV of C$529.8 Million and 24.5% IRR

 

VANCOUVER, British Columbia, March 06, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to report results of an independent technical report prepared in accordance with CIM guidelines and National Instrument 43-101 definition of a Preliminary Economic Assessment ("PEA") on its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”).
 

The PEA study was prepared by AKF Mining Services Inc. (AKF), Tuun Consulting Inc. (Tuun), Samuel Engineering Inc. (Samuel), and will be filed on the Company’s SEDAR profile at www.sedar.com as well as available on the Company’s website at www.mgxminerals.comwithin 45 days.

 

The PEA presumes a conventional quarry pit operation with a process plant and a furnace/kiln combination to produce a saleable Dead burn magnesium oxide (DBM) product. The plant will also have the ability to produce Caustic-calcined magnesium oxide (CCM) as a separate salable product. All dollar amounts in this release are stated in Canadian currency.

 

HIGHLIGHTS 
Highlights of the PEA include the following:

 

  • Pre-tax NPV@5% of $529.8 million, IRR of 24.5% with a 3.5-year payback

  • Post-tax NPV@5% of $316.7million, IRR of 19.3% with a 4.0-year payback

  • Initial capital costs of $235.9 million (Total life-of mine ("LOM") - $239.8 includes sustaining/closure costs of $3.9 million and contingency costs of $40.0 million)

  • Conventional quarry pit mine with a 1200 tonne per day ("tpd") process plant using conventional crushing, grinding, flotation upgrading, calcination, and sintering to produce a saleable DBM product

  • Cash costs of $350/tonne MgO

  • All-in sustaining costs ("AISC") of $351/tonne MgO

  • Average annual MgO production of 169,700 tonnes during an 19 year mine life

  • LOM average head grades of 43.27% MgO

  • LOM MgO recoveries of 90%

  • LOM strip ratio of 2.4 to 1 of rock to mineralized material

 

...click here for full copy from source

 

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Excerpt of recent (March 20, 2018) news release from MGX:

 

MGX Minerals Recognized as Double Finalist for S&P Global Platts Metals Awards

 

VANCOUVER, British Columbia, March 20, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce the Company has been nominated in two categories as a finalist for the S&P Global Platts Metal Awards. MGX has been chosen as a finalist for the Base and Specialty Metals Industry Leadership Award as well as the Breakthrough Solution of the Year Award.
 

Global Metals Awards Finalists were chosen from a pool of nearly 100 nominations. An independent panel of international experts, whose background and experience include regulation, corporate leadership, trading and technology, will determine the award winners. Winners of the 2018 Global Metals Awards will be announced at a black-tie celebration on May 17, 2018 at the Marriott Grosvenor Square in London. For more information visit https://gma.platts.com/Finalists/Finalists2018.

 

MGX’s technology rapidly extracts lithium and other elements from oilfield and oilsands wastewater, mine tailings, and natural brine with a clean water by-product. Commercial units are nearing deployment and have been designed to be scalable and modular. MGX controls over two million acres of lithium-bearing brines throughout North America..

...click here for full copy from source

------ ------ ------      ------ ------ ------      ------ ------ ------

 

Excerpt of recent (March 22, 2018) news release from MGX:

 

MGX Minerals Selects Capstone Headwaters for Merger and Acquisition Advisory; Focus on Lithium, Magnesium and Energy Technology

  

VANCOUVER, British Columbia, March 22, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce it has retained the services of Capstone Headwaters LLC (“CSHW”) to provide investment banking and financial advisory services. Advancement of the Company’s lithium, magnesium and energy assets will remain in focus.
 

In light of recent events, including completion of a positive N.I. 43-101 Preliminary Economic Assessment for Driftwood Creek (see press release dated March 6, 2018), entry into the Chilean lithium brine and California geothermal brine markets (see press release dated January 23, 2018), commercialization of its lithium extraction technology  (see press release dated February 12, 2018), and acquisition of ZincNyx Energy Solutions with development of next generation zinc air fuel cell battery technology (see press release dated January 30, 2018) the Company recognizes the need for an experienced investment banking advisor.

 

Capstone will advise the Company in all transaction related matters including project financing, assets disposition, valuation, banking, acquisitions and corporate structuring.

 

About Capstone Headwaters
Capstone Headwaters is an elite investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. Capstone Headwaters provides merger & acquisition, private placement, corporate restructuring and financial advisory services across 16 industry verticals to meet the lifecycle needs of emerging enterprises. Headquartered in Boston, MA and Denver, CO, Capstone Headwaters has 20 offices in the US, UK and Brazil with a global reach that includes over 300 professionals in 34 countries. For more information, visit www.capstoneheadwaters.com.

.

About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at www.mgxminerals.com.

...click here for full copy from source

------ ------ ------      ------ ------ ------      ------ ------ ------

 

Excerpt of recent (March 15, 2018) news release from MGX:

 

MGX Minerals Engages Hatch Ltd. for Magnesium Metal Study at Driftwood Creek, British Columbia

 

VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to announce that as a result of the recently announced positive Preliminary Economic Assessment (“PEA”) for the production of 161,000 net tonnes per year of magnesium oxide (MgO) at its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”), the Company has engaged engineering firm Hatch Ltd. (“Hatch”) to complete a scoping study for the purpose of selecting appropriate process and associated economics for the upgrading of magnesium oxide to magnesium metal. The Hatch study will evaluate process routes, and order of magnitude capital and operating cost estimates for an initial 10,000 tonne per year (tpy) magnesium plant as well as address various environmental and engineering topics.
 

The scoping study may further enhance the already positive economics of Driftwood Creek with the addition of Mg Metal to proposed MgO production as well as provide diversification into advanced materials. The current price of magnesium metal (99.5% ingot) is approximately $2,250 per tonne versus MgO (DBM 95%) at approximately US$600 per tonne. Contained Mg in MgO is 60.3%, making the process and associated recovery as well as energy use a key focus of the study. Additionally, long-standing anti-dumping and strategic metal designation has significantly increased the domestic price of Mg in the United States compared with global markets. A single sole producer of magnesium metal in the U.S. has operated for many years. Of note is the fact that Canada is no longer subject to these U.S. tariffs against foreign magnesium metal imports. Additionally, Driftwood is located in an area of low cost power in southwest British Columbia and proximate by direct rail to even lower cost power in eastern Washington State.

...click here for full copy from source

------ ------ ------      ------ ------ ------      ------ ------ ------

 

Excerpt of recent (March 12, 2018) news release from MGX:

 

MGX Minerals Announces Advancement of Next Generation Zinc Air Fuel Cell Battery

 

VANCOUVER, British Columbia, March 12, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce it has commenced optimization of charging and oxygen fuel generation functions for its zinc air fuel cell battery as part of the mass production design phase.
 

Regeneration Module
The charging function of the zinc air battery occurs in the regeneration module. Design work is now focused on optimization of the bubble field that is generated during the zinc regeneration process. A deeper understanding of the bubble field and how to optimize its effects will enable to operate at higher efficiency and offer improved reliability at a lower cost.

 

The regeneration module functions by charging zinc particles, which form the electrolyte that is then passed to the fuel tank. The fuel tank may be of any size and hold full charge for six months without any significant loss. The system may be powered by a variety of renewable and traditional sources including solar.

 

Oxygen Generation
The carbon-dioxide scrubber module is used in the generation of the oxygen fuel from air. Oxygen is combined with zinc to create the electrolyte used in the fuel cell where power is generated. Testing of an alkaline solution in removing carbon dioxide from ambient air is also underway. The outcome of these tests will be used to further optimize the scrubber module for production systems. The liquid-based scrubber promises to deliver much higher capacity and lower cost than comparable solids-based methods.

 

This next generation system will continue to be modular and offer capabilities to combine multiple 20kW systems at the electrical interface, allowing for deployment of containerized systems capable of providing up to one Megawatt or more. The expanded range of the system will address the need for long duration energy storage when coupled with renewable energy sources such as wind and solar. The system may be housed in a shipping container for deployment at remote locations or installed in free standing racks in warehouse-type environments.

 

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e3bf344c-90b3-4373-96fe-47998d9e6285

 

Overview of Technology
ZincNyx has developed a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications.

 

Unlike conventional batteries, which have a fixed energy/power ratio, ZincNyx’s technology uses a fuel tank system that offers flexible energy/power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge and discharge components.

 

To watch a short video outlining ZincNyx technology, please visit http://www.zincnyx.com/technology

...click here for full copy from source

------ ------ ------      ------ ------ ------      ------ ------ ------

 

Excerpt of recent (March 6, 2018) news release from MGX:

 

MGX Minerals Announces Positive PEA for Driftwood Creek Magnesium; Pre-Tax NPV of C$529.8 Million and 24.5% IRR

 

VANCOUVER, British Columbia, March 06, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to report results of an independent technical report prepared in accordance with CIM guidelines and National Instrument 43-101 definition of a Preliminary Economic Assessment ("PEA") on its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”).
 

The PEA study was prepared by AKF Mining Services Inc. (AKF), Tuun Consulting Inc. (Tuun), Samuel Engineering Inc. (Samuel), and will be filed on the Company’s SEDAR profile at www.sedar.com as well as available on the Company’s website at www.mgxminerals.comwithin 45 days.

 

The PEA presumes a conventional quarry pit operation with a process plant and a furnace/kiln combination to produce a saleable Dead burn magnesium oxide (DBM) product. The plant will also have the ability to produce Caustic-calcined magnesium oxide (CCM) as a separate salable product. All dollar amounts in this release are stated in Canadian currency.

 

HIGHLIGHTS 
Highlights of the PEA include the following:

 

  • Pre-tax NPV@5% of $529.8 million, IRR of 24.5% with a 3.5-year payback

  • Post-tax NPV@5% of $316.7million, IRR of 19.3% with a 4.0-year payback

  • Initial capital costs of $235.9 million (Total life-of mine ("LOM") - $239.8 includes sustaining/closure costs of $3.9 million and contingency costs of $40.0 million)

  • Conventional quarry pit mine with a 1200 tonne per day ("tpd") process plant using conventional crushing, grinding, flotation upgrading, calcination, and sintering to produce a saleable DBM product

  • Cash costs of $350/tonne MgO

  • All-in sustaining costs ("AISC") of $351/tonne MgO

  • Average annual MgO production of 169,700 tonnes during an 19 year mine life

  • LOM average head grades of 43.27% MgO

  • LOM MgO recoveries of 90%

  • LOM strip ratio of 2.4 to 1 of rock to mineralized material

 

...click here for full copy from source

 

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We have identified the following additional research links for further DD on MGX Minerals Inc.

 

  

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).

 

 

SOURCE: Sector Newswire editorial

editorial@SectorNewswire.com

 

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