MGX Minerals Inc. (CSE:XMG, OTCQB:MGXMF) unveiled positive news today regarding a patent for its water treatment technology.
The company has received notice that it a patent will be published for a new method to produce boiler feed water using low energy.
READ: MGX Minerals updates on progress of third advanced wastewater treatment system
MGX has developed a rapid lithium extraction technology, which eliminates or reduces the physical footprint and investment in large, lake-sized, lined evaporation ponds.
It also enhances the quality of recovery across a complex range of brines compared to solar evaporation.
The technology for which this patent relates will allow using poor quality water to tri-generate electricity, pure water and minerals.
The system was designed within a consortium, including MGX, its engineering partner PurLucid and David Bromley Engineering Ltd.
MGX Minerals shares in Canada were unchanged at $0.60.