Mississauga, ON -- (SBWIRE) -- 09/06/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company MGX Minerals Inc. (CSE:XMG) (OTCPK:MGXMF).
Wastewater is a major cost and environmental problem for oil and gas producers, with over 800 billion gallons produced each year, according to the Environmental Defense Fund. Oil and gas companies are mandated to properly manage this wastewater that is laden with salt and tens of thousands of chemicals. Still, a study by the Groundwater Protection Council in 2011 found that about 70% of the 400 case studies of groundwater contamination were the result of "spills" where the wastewater returned to the surface after being injected into the ground. More alarming was an Associated Press report showing that over 180 million gallons of oil and gas wastewater was spilled between 2009 and 2014.
Vancouver's MGX Minerals Inc. (CSE:XMG) (OTCPK:MGXMF) thinks it has a solution for millions and millions of barrels of that wastewater, an environmentally friendly solution like nothing seen before in fact. Coining the term "petrolithium," MGX says that its technology, currently protected under a provisional patent, can extract the lithium and other valuable minerals out of the brine wastewater byproduct of oil and gas wells, therefore cleaning the water and economically creating lithium that is expected to be in high demand going forward due to the electric vehicle revolution.
A complete XMG profile can be viewed at:
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Note AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, Native Ads Inc. for its efforts in presenting the XMG profile on its web site and distributing it to its database of subscribers as well as other services.
A full disclaimer on XMG can be found at: http://www.allpennystocks.com/SpotLight/16/MGX-Minerals-Inc.htm