February 5, 2019
MGX Minerals Inc. has appointed former Member of Parliament Ron MacDonald to its subsidiary MGX Renewables Inc. board of directors.
“Mr. MacDonald’s appointment to MGXR’s board of directors comes at an exciting time, “said MGXR president and CEO Jared Lazerson. “As we begin rolling out our new lineup of zinc-battery modular storage systems and file the public listing for MGXR, Mr. MacDonald’s vision, experience, and vast global network will be crucial in the sales and energy arbitrage opportunities based on the MGXR product line.”
MGX Renewables has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.
MacDonald has over 35 years of both public and private sector experience, ranging from international roles within parliament to serving on the boards of numerous publicly listed resource companies.
From 1988 to 1997, he was the Member of Parliament for Halifax, Nova Scotia, during which time he was appointed by the Prime Minister of Canada as Parliamentary Secretary of International Trade. From 1997-2002, MacDonald was president and CEO of the Council of Forest Industries, a large lumber manufacturing, grading and marketing group, where he developed new markets in China, Korea, India and Japan.
“As both a great Canadian and global citizen,” said Lazerson, “Mr. MacDonald is well qualified to be entrusted with this low-cost battery technology that can only be described as the missing link in the global shift to renewable energy and on demand distributed power.”
He was a director and founding member of Canada Wood, one of Canada’s most successful marketing programs, opening up global markets for Canadian Wood Products, and has served as executive chairman and director of American Vanadium Corp. as well as executive chairman of Critical Elements Corp.