Friday, October 13, 2017

Mag One is one step closer to production

Mag One's MgO, SiO2 project needs no environmental OK

2017-10-12 19:09 ET - News Release



Ms. Gillian Holcroft reports
MAG ONE'S COMMERCIAL PLANT FOR HIGH-PURITY MAGNESIA AND SILICA ON TRACK
Mag One Products Inc. has received positive feedback on its commercial high-purity magnesium oxide (MgO) and silica (SiO2) project description submitted this past summer to the Quebec Ministry of the Environment (MDDELCC). Specifically, Mag One has learned that the proposed project in southeastern Quebec will not be subject to an environmental evaluation, a process which is often lengthy and costly. As such, the process to obtain a certificate of authorization (CA) for the environmentally friendly commercial 30,000-tonne-per-year high-purity magnesia and 33,000-tonne-per-year silica plant will be simpler, faster and more cost-effective, given that less administrative measures are involved.

"The timeline to bringing the environmentally sustainable MgO and SiO2 commercial plant on-line has been shortened greatly with this news," said Gillian Holcroft, president of Mag One. "We are one step closer to creating high-tech jobs in the region. Our hydrometallurgical piloting facility at the MRC des Sources Mining Innovation Centre (CIMMS) will continue to generate engineering data for the commercial plant, as well as to produce high-purity silica and ultimately high-purity MgO for characterization and for off-take agreements. We are already in contact with potential commercial and product development partners for these materials."

It is anticipated that the site for the commercial plant will be determined before the end of 2017. Mag One has developed a unique, sustainable, chlorine-free approach to cost-effectively transforming serpentinite tailings into high-purity MgO and silica. Not only does the high-purity MgO have a significant commercial market, it will also serve as a feedstock for Mag One's innovative aluminothermic reduction process to produce magnesium metal.

Management's decision to begin permitting efforts, a key requirement for commercial operations, has not been based on results from a feasibility study of mineral reserves that would demonstrate economic and technical viability of the project. Without this study, there is increased uncertainty and increased economic and technical risks. Management does intend to engage an engineering firm to carry out a prefeasibility study once the pilot plant effort is nearing completion and will use the pilot data as a basis for the study.

The U.S. Geological Survey (USGS) estimated that world primary magnesium production rose nearly 4 per cent from 2015 to 2016 to 1.01 million metric tonnes per year. Vehicle manufacturers are under constant pressure to reduce weight in vehicles for greater fuel efficiencies and lower emissions. The density of magnesium is 33 per cent less than aluminum, but the carbon footprint of Chinese-produced magnesium metal (80 per cent of the world production) through the Pidgeon process* makes the use of magnesium challenging when looking at the overall life-cycle analysis of a vehicle. Mag One's unique process is aimed at dramatically reducing the magnesium metal production carbon footprint, which should help support the adoption of magnesium and magnesium alloys in the automotive, aerospace and military industries.
* March, 2017, IMA webinar "Environmental benefits of Mg in transport applications."
Mag One Products is a company that aims to be a global leader in the magnesium (Mg) market by concentrating on four projects at its manufacturing plant sites in Southern Quebec, Canada:

  1. Production of high-purity MgO, silica and other saleable co-products, byproducts and compounds;
  2. Production of 99.9-per-cent-pure-magnesium ingots;
  3. Magboard Products Inc., assembly and sale of MgO-based, structural insulated sheathing panels and wallboards;
  4. MagPower's Mg-air fuel cell for scalable emergency power on sea and land.
Key advantages that these four projects share are Mag One's advanced technologies, a modular processing plant expansion concept and the company's easy access to tonnes of already-mined, serpentinite tailings.
Gillian Holcroft, Eng, MEng, president and director of Mag One Products, is the company's designated qualified person for this press release, and has prepared and supervised the preparation of and approved the scientific and technical disclosure in this news release.


We seek Safe Harbor.


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