PRESS RELEASE
MAG ONE FILES PCT PATENT APPLICATION FOR GAME CHANGING TECHNOLOGY
Vancouver, B.C., Canada – August 12, 2019 – Mag One Products Inc. (the “Company” or “Mag One”) is pleased to announce that the Company filed a PCT patent application for its game-changing technology entitled: “PRODUCTION OF FINE GRAIN MAGNESIUM OXIDE AND FIBROUS AMORPHOUS SILICA FROM SERPENTINITE MINE TAILINGS” (the “Technology”). The PCT patent application originated from a provisional patent application by the same title that was filed with the U.S. Patent and Trademark Office (USPTO) in August 2018.
The Technology, an innovative hydrometallurgical based process, has been undergoing both lab-scale and pilot-scale validations since 2016 at both the University of Sherbrooke and at the MRC des Sources Mining Innovation Centre (CIMMS), with support from the Quebec government. The Technology will be at the heart of for the Company’s commercial-scale high purity magnesium oxide (HP MgO) demonstration plant, a project which the company aims to initiate engineering design efforts in Q4 2019. The HP MgO produced by the Technology from mine tailings is a key component towards the production low cost, low carbon footprint magnesium (Mg) metal using the Company’s proprietary Tech Mag Technology.
Gillian Holcroft, President & CEO of Mag One, said the following, “This patent filing is another step towards bringing our game-changing suite of technologies to market, all the while providing shareholder value through protection of our intellectual property. By filing a PCT patent application, where the Technology can potentially be protected in over 150 countries, Mag One can look to grow through direct Mg and MgO production in Canada AND via partnerships and licensing in other jurisdictions around the world.”
On behalf of the Board, “Gillian Holcroft”, President and CEO.
Neither the Canadian Securities Exchange nor CNSX Markets accepts responsibility for the adequacy or accuracy of this news release.
About Mag One
Mag One is a technology, processing & production company. Using its game-changing technology, Mag One aims to be the most environmentally friendly & sustainable producer of magnesium (Mg) metal, ultrapure Mg compounds, by-products and vertically integrated co-products. For further information or questions respecting the Company kindly contact the Company via email at: info@MagOneProducts.com. Additional information can be found on the Company’s website at www.MagOneProducts.com or by viewing the Company’s filings at www.sedar.com.
Forward-Looking Information
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