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MGX Minerals picks up accolade at S&P Global Platts Global Metals Awards

Last updated: 12:28 19 May 2018 AEST, First published: 19:28 18 May 2018 AEST

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The awards ceremony was hosted in London yesterday

Energy metals and materials firm MGX Minerals Inc (CNSX:XMG, OTCQB:MGXMF)  is cheering after it picked up the base and speciality metals industry leadership award at the 2018 S&P Global Platts Global Metals Awards yesterday (May 17) held in London.

Hosted by energy and commodities firm S&P Global Platts, the awards focuses on exemplary performance in 15 categories spanning the entire steel, metals and mining complex.

"Technology played an increasingly pivotal role for this slate of winners, and sustainability emerged throughout the value chain, with environment and efficiencies top of mind," said Martin Fraenkel, president of S&P Global Platts.

"We congratulate MGX Minerals for its impressive win in the 2018 S&P Global Platts Metals Awards."

Earlier this week, MGX said it was nearing the first deployment of its lithium recovery and waste water treatment systems, now that commercial scale trials have been completed.

The first is with a major oil and gas operator in Alberta, Canada to operate an integrated wastewater treatment and lithium recovery system.

Delivery of the system remains on track and is scheduled for commissioning shortly, the company said.

MGX also  noted that its chairman Marc Bruner had filed a petition against the company in B.C. Supreme Court on May 16, seeking a declaration that the  firm was unfairly prejudicial and acted in bad faith by withholding shares.

He alleges the shares were owed to him.

He seeks an order to direct the company to issue the shares and to compensate him for any losses he may have suffered. 

MGX has reviewed the petition with counsel and believes that the grounds to Bruner's claims are without merit. 

It must file a response to the petition within 21 days after service.

 

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