MGX solves oil well lithium brine separation conundrum through buying clean-tech developer

Canadian diversified project developer MGX Minerals has signed a binding letter of intent to buy a 50% stake in clean-technology developer PurLucid Treatment Solution for staged payments of C$5-million over two years. The transaction represents a solution to MGX’s dilemma of separating oil, to a high degree of purity, from lithium-bearing brine, removing one of the major hurdles of oilfield lithium brine production. PurLucid has exclusive licencing to deploy the proprietary and patented technology.