MGX Technology Nominated For Prestigious Katerva Award, The Nobel Prize Of Sustainability

Today, MGX Minerals Inc. announced that the nanoflotation technology, developed by David Bromley Engineering and licensed exclusively to MGX´s engineering and technology development partner PurLucid Treatment Solutions Inc., has been nominated for the prestigious Katerva Award, the "Nobel Prize of Sustainability".

The Katerva Award recognizes disruptive sustainable innovations from around the world. PurLucid's/MGX's patented nanoflotation technology, which is said to remove metals and physical particulate from oil and gas wastewater, has been nominated as one of the 10 finalists for the "Energy & 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. In September 2016, MGX and PurLucid entered into a binding Acquisition Agreement (MGX has the right to acquire a 100% interest in PurLucid).