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

Stockwatch Daily - - MINES & METALS - Ms. Gil­lian Hol­croft re­ports

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-ton­neper-year high-pu­rity mag­ne­sia and 33,000-tonne-peryear 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 a lumi not h e rmi c re­duc t i on 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 magne-

sium 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.

James G Blen­coe, Ge­orge Bernard Coulombe, Gur­charn Singh Deol, Gil­lian Louise Hol­croft, Lakhwinder Singh Janda, Nel­son Matthew Skalba­nia

(MDD) Shares: 40,051,343

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