Vancouver-based flow battery manufacturer MGX Renewables expects to list its shares on the Canadian Securities Exchange (CSE) after receiving conditional approval to do so.
MGX Minerals’ (MGXM) subsidiary ZincNyx was renamed MGX Renewables (MGXR) in 2018 and a plan of arrangement was unveiled to spin out 40% of the common shares of MGXR.
MGXR’s modular zinc-air flow batteries are targeted for long-duration energy storage and deliver power ranging from 20kW to 50MW, with scalable capacity of 120kWh to 1GW.
MGXR “expects the listing to be finalised and shares to commence trading shortly.”
