MGX Minerals Engages Investor Relations Firm for Silicon Anode Lithium Ion Battery Project

Apr 08, 2020

VANCOUVER, BC / ACCESSWIRE / April 8, 2020 / MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG)(FKT:1MG)(OTC PINK:MGXMF) announces as a result of recent advancements by research partner the University of British Columbia (see press release dated April 2, 2020), in the development of a silicon anode for next generation lithium ion batteries, the Company has entered into an investor relations agreement with FXCT Media Inc. ("FXCT"). FXCT will provide corporate, investor and partnership communication services for the Company's Silicon Anode Lithium Ion Battery project. The agreement is for a period of three months, with compensation of $15,000 and 300,000 incentive stock options. The MGX/UBC partnership recently announced completion of a 1,000 discharge lifecycle test of its silicon anode in a next generation lithium ion battery. This next generation battery has an increased energy storage of 400Wh/kg, a doubling of capacity over the current ratio of ~200Wh/kg. The silicon anode was produced utilizing a proprietary advanced materials science etching and coating process for treating silicon creating a nanostructured form suitable for use in lithium ion batteries.

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