VANCOUVER, BRITISH COLUMBIA / February 21, 2017 / 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).