Mag One receives independent confirmation of its innovative MgO production process
(firmenpresse) -
Mag One receives independent confirmation of its innovative MgO production process
VANCOUVER, BRITISH COLUMBIA, CANADA/18 JULY 2016. MAG ONE PRODUCTS INC. (Mag One or the Company) has retained a team of consultants to conduct an independent confirmation (proof of process) investigation of the Companys innovative technology for producing high-purity MgO (magnesium oxide) which can be sold directly, and/or converted to other valuable magnesium products such as magnesium hydroxide (MgOH2) and magnesium metal. In addition, this novel process has the potential for producing valuable Mg byproducts and related compounds.
Recently, the team performed bench-scale laboratory tests using state-of-the-art facilities at the Department of Chemical and Biotechnological Engineering at the Université de Sherbrooke (UdS) in Quebec, Canada. The team is headed by Professor Dr. Gervais Soucy, with important assistance provided by Dr. Jean-Marc Lalancette and Mr. Denys Pinard, M.Sc.
This team was chosen because of their extensive experience with Serpentinite material processing and their ability to identify opportunities for producing value-added byproducts. It has been agreed that any new intellectual property generated by this team during the course of this work will be the property of Mag One Operations Inc., the Companys wholly-owned operating subsidiary in Quebec.
http://www.irw-press.at/prcom/images/messages/2016/36335/FINAL MOPI UdS test results 18 vii 16_PRCom.001.jpeg
Serpentinite:
To date, results of their work have shown that the process has the potential for producing greater than
98 weight percent MgO along with the potential to produce a saleable byproduct with a commercial value that could be equal to or greater than the MgO product.
In addition to working with experts at UdS, Mag One has engaged SNC Lavalin in Australia to carry out an independent review of the economics of the Companys novel process for producing MgO and potentially valuable byproducts. SNC was chosen for this mandate as their lead engineer has over 30 years of experience with complex hydrometallurgical flowsheets and is in a position to quickly provide valuable input that will invariably improve the overall process performance.
Mag One Products Inc. is a technology, processing and production company that aims to be the diamond standard in the Mg market by producing Magboards, Magnesium Oxide (MgO) and Mg metal of ultrapure quality at a lower cost than its competitors. The technology is patented and patents-pending and the ore for manufacturing the magnesium products has already been mined and sampled and contains 22% magnesium on average. Mag One has 50 million tonnes under contract at $1.00/tonne (tied to the CPI).-
Signed:
Nelson M. Skalbania
Chairman
For further information or questions kindly contact the Company via email: info(at)MagOneProducts.com.
www.MagOneProducts.com
#145 925 Georgia Street West,
Vancouver, B.C. Kanada V6C3L2
E-Mail: info(at)MagOneProducts.com
Tel.: +1.604.669.4771
Fax: +1.604.669.4731
CSE: MDD;
FSE: 304;
OTCQX: MgPRF
Mag One is co-listed on the Börse Frankfurt stock exchange (Frankfurt) and the Xetra, both with the ticker symbol 304 and the OTCQB with ticker symbol "MgPRF". The listings on the Frankfurt and OTCQB exchanges provide the company exposure to the European and U.S. markets and investors.
Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words could, intend, expect, believe, will, projected, estimated, anticipates and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Companys current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. These securities have not and will not be registered under United States federal or state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon. This news release does not constitute an offer of securities for sale in the United States. CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of the content of this news release.The above news release has been provided by the above company via the OTC Disclosure and News Service and The Newswire. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases
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Sprache: Deutsch
News-ID 483914
Anzahl Zeichen: 5870
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