MGX Minerals Announces Acquisition of 20 Patents for Zinc Air Fuel Cell Battery

VANCOUVER, BC / ACCESSWIRE / February 1, 2018 / MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FRA: 1MG; OTCQB: MGXMF) is pleased to announce as a result of the recently closed acquisition of now wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”), the Company now controls 20 metal air battery and fuel cell patents. To date, ZincNyx has been awarded 20 patents covering its mass storage technology. A list of existing published patents are as follows:

Table 1. Existing ZincNyx Patents

Item

Identification

Discrete Particle Electrolyzer Cathode and Method of Making Same

US 7,470,351

Methods and Devices for Controlling Flow and Particle Fluidization in a Fuel Cell

US 7,276,309

Method of Production of Metal Particles Through Electrolysis

US 7,273,537

Controlled Concentration Electrolysis System

US 7,166,203

Fuel Cell System

US 6,911,274

Method of and System for Determining the Remaining Energy in a Metal Fuel Cell

US 6,873,157

Method of and System for Cooling a Backup Power System

US 6,841,276

Electrolyte-Particulate Fuel Cell Anode

US 6,787,260

Methods of Using Fuel Cell System Configured to One or More Loads

US 6,764,785

Method and System for Flushing One or More Cells in a Particle-Based Electrochemical Power Source in Standby Mode

US 6,764,588

Power System Including Heat Removal Unit for Providing Backup Power to One or More Loads

US 6,746,790

Refuelable Electrochemical Power Source Capable of Being Maintained in a Substantially Constant Full Condition and Method of Using the Same

US 6,706,433

Methods of Producing Oxygen Reduction Catalyst

US 6,689,711

Manifold for Fuel Cell System

US 6,679,280

System and Method for Power Management

US 6,522,955

Method of Electrodepositing Metal on Electrically Conducting Particles

US 6,432,292

Refuelable Electrochemical Power Source Capable of Being Maintained in a Substantially Constant Full Condition and Method of Using the Same

US 6,296,958

Particle Feeding Apparatus for Electrochemical Power Source and Method of Making Same

US 6,162,555

System and Method for Preventing the Formation of Dendrites in a Metal/Air Fuel Cell, Battery or Metal Recovery Apparatus

US 6,153,328

Method and Apparatus for Refueling an Electrochemical Power Source

US 5,952,117

Figure 1. Typical 5kw Modular System

Overview of Technology

ZincNyx has developed a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high-cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low-cost mass storage of energy and can be deployed into a wide range of applications.

Unlike conventional batteries, which have a fixed energy/power ratio, ZincNyx’s technology uses a fuel tank system that offers flexible energy/power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge and discharge components.

To watch a short video outlining ZincNyx technology, please visit http://www.zincnyx.com/technology/.

About ZincNyx Energy Solutions

To learn more about ZincNyx technology visit www.zincnyx.com.

About MGX Minerals

MGX Minerals is a diversified Canadian resource company with interests in advanced material and energy assets throughout North America. Learn more at www.mgxminerals.com.

Contact Information

Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively ”forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: ”believe,” ”expect,” ”anticipate,” ”intend,” ”estimate,” ”potentially” and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at www.sedar.com.

SOURCE: MGX Minerals Inc.

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