Diversified resource and technology company Mgx Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced its entry into a partnership with Highbury Energy Inc., an energy company dedicated to the development and utilization of renewable energy resources through the procurement and conversion of biomass. The partnership relates to the development of a detailed process for extracting metals such as nickel, vanadium and cobalt from petroleum coke (“petcoke”). “Similar to advancements made by the Company over the last year in treating wastewater brine and recovering minerals, MGX and Highbury will look to develop a process that utilizes gasification methods to concentrate metals from petcoke,” Jared Lazerson, president and CEO of MGX Minerals, stated in a news release. “We believe entry into an untapped market of this magnitude aligns perfectly with our business strategy of creating innovative processes and technology to shape the new energy economy.”
To view the full press release, visit http://dtn.fm/l45Vb
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About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX. Learn more at www.mgxminerals.com
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