With the Dow Jones hitting 20,000 yesterday for the first time, one of our top picks MGX Minerals is rocking as well:
(1) Since last week, MGX Minerals Inc., (CSE:XMG) (OTC-BB:MGXMF) share price has almost doubled. Company president Jared Lazerson is holding the Holy Grail with their patent pending process that basically makes oil more valuable because they are going to extract lithium from the water that is just waste. “The company owns a patent-pending process (U.S. provisional patent No. 62/419,011) for the extraction of lithium and other valuable minerals from oil brine. This technology is the first of its kind, reducing production time of lithium from brine by 99 per cent compared with conventional lithium brine production times that use solar evaporation. Process time is reduced from approximately 18 months to one day using MGX’s process.” More below…
The possibilities are endless and we are excited about the pilot plant.
Extraction of Lithium from Oil Field Brine
MGX recently reported the extraction of lithium from oil wastewater using its patent pending process (U.S. Provisional Patent #62/419,011) for the extraction of lithium and other valuable minerals from oil brine (see press release dated January 3, 2017).
It is the only patent of its kind providing for the rapid extraction of lithium and other valuable minerals from oilfield brine. Current conventional production of lithium from brine takes up to 18 months due to the solar evaporation phase. MGX’s process eliminates the solar evaporation step, reducing potential production to one day and representing a reduction of >99% and a by-product of re-useable, non-toxic water. The treatment of oil wastewater offers significant revenue potential and environmental benefit in addition to mineral extraction as the processing removed all suspended solids, including 99.7% of hydrocarbons and 99.9% of silica and other scale-forming minerals. With its engineering partner PurLucid Treatment Solutions Inc., MGX expects deployment of pilot plant shortly. Commercial deployment is expected in the second half of 2017 and off-take negotiations are underway.
Again, I encourage you to read the news release
Disclaimer: We really like the company and the brilliance of President and CEO Jared Lazerson. We are being paid by the company and own shares. We are biased, please do your own due diligence.
(2) We introduced you to YDreams Global Interactive (TSX.V:YD) earlier this week at around $.37. It closed Tuesday at $.415. The company is in the exciting augmented and virtual reality space.
They signed a MOU – Memorandum of Understanding
They released exciting news today:
YDreams to make VR movies for Chinese state media firm
2017-01-26 06:34 ET – News Release
Mr. James Nelson reports
YDREAMS GLOBAL SIGNS MOU WITH CHINESE GOVERNMENT BACKED MEDIA COMPANY CRTV FOR VIRTUAL REALITY PROJECTS
YDreams Global Interactive Technologies Inc. has signed a memorandum of understanding with CRTV International Media (Beijing) Company Ltd. (CRTV).
Under the MOU, YDreams and CRTV are collaborating to develop virtual reality/viewer immersion entertainment projects that will be centred within the movie and entertainment industry. CRTV owns 76 cinemas and has affiliations with 2,000 theatres and cinemas in China.
Daniel Japiassu, director of YDreams, stated: “We are very pleased to have entered into this MOU with a highly regarded Chinese-state-owned company such as CRTV. They have deep and wide-reaching ties within the Chinese entertainment community and we look forward to building a mutually beneficial relationship.”
About YDreams Global
YDreams Global Interactive combines both augmented and virtual reality technology, design and intelligence to respond to the challenges and demands of today’s users and consumers. YDreams Global is in discussions with professional sports teams. It is the company’s intention to push into the major league sports sector during 2017. On Dec. 8, 2016, YDreams Global was contracted to use its virtual reality technology in the United States.
© 2017 Canjex Publishing Ltd. All rights reserved.
Disclaimer: We are being paid by the company – we are biased, do your own due diligence.
We look forward to updating you on these two exciting companies and the rest of our picks.
Dr. Kal KoTECHa
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