QualityStocksNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) to Acquire ZincNyx Energy Solutions
MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning reported its intention to acquire all issued and outstanding shares of ZincNyx Energy Solutions, Inc. Through the acquisition, ZincNyx will become a 100% owned subsidiary of MGX Minerals. ZincNyx operates out of Canada and has developed an innovative, regenerative zinc-air flow battery designed to store energy in the 5 kW to 1 MW range for extended periods of time. The battery provides low-cost energy storage capability in its ability to be scaled from kilowatt to megawatt range. ZincNyx’s patented regenerative zinc-air fuel cell battery technology efficiently stores energy in the…