Mag One (MDD.C) has filed a Patent Cooperation Treaty (PCT) application for its innovative magnesium sourcing technology.
The PCT patent application originated from a provisional patent application Mag One filed with the U.S. Patent and Trademark Office in August 2018.
“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.”
–Gillian Holcroft, President & CEO of Mag One
Mag One’s technology, for the uninitiated, is unique: whereas magnesium producers typically cause environmental degradation, MDD’s technology actually removes it from existing tailings left by other mining operations.
To quote equity.guru’s Chris Parry, “Tailings are essentially waste product, left over when a producing mine crushes the rock it pulls out of the ground to get at whatever ore they’re trying to get at.”
June 11: Our mining madman Greg Nolan picked Mag One Products $MDD out of the crowd, wrote em up when stock was at $0.08. It quickly ran to $0.12. Impressed with the coverage, they asked us for some help telling their story to a wider audience.
Today, it’s at $0.22.
— Chris Parry ™ (@ChrisParry) August 8, 2019
It’s an innovative hydrometallurgical-based process which has been undergoing fine-tuning at the University of Sherbrooke and at the MRC des Sources Mining Innovation Centre (CIMMS) since 2016 with financial assistance from the Government of Quebec.
Magnesium produced from Mag One’s soon-to-be patented tech is low cost, and, most importantly, low emissions.
Why does this matter? Our very own Greg Nolan said it best in his own bible piece on the company:
Magnesium is being called the “Metal of the Future.” They ain’t whistling Dixie with this lofty designation. Magnesium (Mg) has some compelling properties:
- a very high strength-to-weight ratio
- an equally high stiffness-to-weight ratio
- the best machining properties of all metals
- a high vibration dampening capacity (great for when speed is involved)
- high dent resistance
Get this: Magnesium is 75% lighter than steel, and 33% lighter than aluminum.
Magnesium alloys are 48-78% lighter than steel and 22-35% lighter than aluminum.
Lighter frames and components mean greater energy efficiency in a vehicle.
This technology is integral to Mag One’s commercial-scale, high purity magnesium demonstration plant. Mag One aims to have this with which the company aims to “initiate engineering design efforts in Q4 2019.”
On the go? Check out Fabi Lara’s video introduction to the hottest magnesium producer you need to have heard of yesterday.
Mag One is up 60% in the last month. The company has a market cap of $9.6M and shares closed at $0.175 by end of day.
Mag One says they hope their technology is successful, not so they can put competitors out of business, but so their competitors stay in business. Mag One wants to license the tech out.
Holcroft says they’re more of a tech play than a resource company. Think of them as mining-adjacent.
Let’s be clear, this company still has to show and prove, but if the technology works the way they say it does, we’ve got a game changer on our hands.
Full disclosure: Mag One is an equity.guru marketing client.