Zenyatta Announces the Formation of a Wholly Owned Subsidiary, ZEN-tech Materials Ltd., to Develop & Commercialize Graphene Related Opportunities
(Thomson Reuters ONE) -
Zenyatta Announces the Formation of a Wholly Owned Subsidiary, ZEN-tech
Materials Ltd., to Develop & Commercialize Graphene Related Opportunities
Thunder Bay, ON - 25 July 2017 - Zenyatta Ventures Ltd. ("Zenyatta" or
"Company") (TSXV: ZEN) (OTCQX: ZENYF) is pleased to announce the formation of a
wholly owned subsidiary called ZEN-tech Materials Limited ("ZEN-tech") with a
registration in England and Wales. ZEN-tech will focus on the development and
commercialization activities of graphene applications and the allocation of any
associated intellectual property ('IP') and worldwide licensing. The formation
of ZEN-tech is a strategic move that will provide a vehicle to capture value and
advance graphene application development separate from the mineral development
Company. Zenyatta will continue to focus on advancing the Albany graphite
deposit towards production and will supply highly crystalline, purified graphite
to ZEN-tech, academics and end users.
"It has become apparent in the last 12 months that Zenyatta has created
additional value from our global collaboration and development related to
various graphene initiatives. It makes strategic sense to create a subsidiary
to hold the various opportunities and handle these initiatives with our
partners", stated Aubrey Eveleigh, President & CEO of Zenyatta. "ZEN-tech has
the advantage of developing proprietary graphene-based technology with a
consistent supply of high-quality raw material from Zenyatta's wholly owned
Albany graphite deposit. We have demonstrated that Zenyatta's graphite converts
(exfoliates) easily via sonication to graphene, including mono-layer to tri-
layer, has excellent dispersion properties and is highly suitable for many
graphene and graphene-oxide applications."
Graphene has shown to enhance the properties of many existing products since its
discovery in 2004. The technology pipeline for ZEN-tech includes graphene
applications for concrete composites, rubber composites, sensors, filtration,
emulsions and silicon-graphene batteries. The formation of a subsidiary will
help facilitate and focus the integration of Zenyatta graphene into the next
generation of commercial technologies, providing various industries with
advanced materials that have improved performance.
ZEN-tech, a private incorporated company, will have access to the high-purity
graphite from Zenyatta Ventures for graphene and graphene related opportunities.
There is a high level of interest, especially in Europe, from sophisticated
technology or cleantech entities, particularly related to a need for access to a
unique raw material graphite source that converts to high-quality graphene for
various applications. The UK is a centre for graphene research, innovation and
funding and consequently this attracts many global graphene industry
specialists. By locating in UK, ZEN-tech will be able to tap into the extensive
resources available there and will be on the leading edge of the developments in
this new and fast growing materials sector. The subsidiary will operate
independently of Zenyatta and will be assembling an expert management team once
the structure is in place. Details on company structure and related
developments will be announced in the near future.
About Zenyatta
Zenyatta is developing the Albany Graphite Deposit situated in northeastern
Ontario, Canada. The deposit is a unique type of igneous-hosted, fluid-derived
graphite mineralization contained in two large breccia pipes. The Company is
seeking end users for their graphite and graphene and is working with several
collaborative partners including the development of a graphene enhanced
composites. Other potential markets for graphite include Lithium-ion batteries,
fuel cells and powder metallurgy. The application for graphitic material is
constantly evolving due to its unique chemical, electrical and thermal
properties. It maintains its stability and strength under temperatures in excess
of 3,000°C and is very resistant to chemical corrosion. It is also one of the
lightest of all reinforcing elements and has high natural lubricating
abilities. The outlook for the global graphite market is very promising with
demand growing rapidly from new applications. It is now considered one of the
more strategic elements by many leading industrial nations, particularly for its
growing importance in high technology manufacturing and in the emerging "green"
industries such as electric vehicle components.
The Albany graphite deposit is situated 30 km north of the Trans-Canada Highway,
power line and natural gas pipeline near the communities of Constance Lake First
Nation and Hearst. A rail line is located 70 km away with an all-weather road
approximately 10 km from the graphite deposit. The world trend is to develop
products for technological applications that need extraordinary performance
using ultra-high purity graphite powder at an affordable cost. Albany graphite
can be upgraded with very good crystallinity without the use of aggressive acids
(hydrofluoric) or high temperature thermal treatment therefore having an
environmental advantage over other types of upgraded high-purity graphite
material.
Mr. Aubrey Eveleigh, P.Geo., Zenyatta's President and CEO, is the "Qualified
Person" for the purposes of National Instrument 43-101 and has reviewed,
prepared and supervised the preparation of the information contained in this
news release.
For Further Information Please visit the Company's website at:
http://www.zenyatta.ca or contact:
Mara Strazdins, HB.Sc., VP Corporate Communications and Investor Relations
Mobile: (416) 710-0646, Office (807) 346-1660 Email: mstrazdins(at)zenyatta.ca or
info(at)zenyatta.ca
CAUTIONARY STATEMENT: This analysis does not represent a statistically large
sample size. Furthermore, these positive results do not mean that Zenyatta can
extract and process Albany graphite for graphite applications on an economic
basis. Zenyatta is in the development stage and without a formal independent
feasibility study, there is no assurance that the operation will be economic or
placed into production. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking information and Zenyatta cautions
readers that forward looking information is based on certain assumptions and
risk factors that could cause actual results to differ materially from the
expectations of Zenyatta included in this news release. This news release
includes certain "forward-looking statements", which often, but not always, can
be identified by the use of words such as "believes", "anticipates", "expects",
"estimates", "may", "could", "would", "will", or "plan". These statements are
based on information currently available to Zenyatta and Zenyatta provides no
assurance that actual results will meet management's expectations. Forward-
looking statements include estimates and statements with respect to Zenyatta's
future plans, objectives or goals, to the effect that Zenyatta or management
expects a stated condition or result to occur, including the expected timing for
release of a pre-feasibility study, the expected uses for graphite in the
future, and the future uses of the graphite from Zenyatta's Albany deposit.
Since forward-looking statements are based on assumptions and address future
events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of
metallurgical processing, ongoing exploration, project development, reclamation
and capital costs of Zenyatta's mineral properties, and Zenyatta's financial
condition and prospects, could differ materially from those currently
anticipated in such statements for many reasons such as, but are not limited to:
failure to convert estimated mineral resources to reserves; the preliminary
nature of metallurgical test results; the inability to identify target markets
and satisfy the product criteria for such markets; the inability to complete a
prefeasibility study; the inability to enter into offtake agreements with
qualified purchasers; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals; political risks;
uncertainties relating to the availability and costs of financing needed in the
future; changes in equity markets, inflation, changes in exchange rates;
fluctuations in commodity prices; delays in the development of projects; capital
and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry; and those risks
set out in Zenyatta's public documents filed on SEDAR. This list is not
exhaustive of the factors that may affect any of Zenyatta's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on Zenyatta's forward-looking statements.
Although Zenyatta believes that the assumptions and factors used in preparing
the forward-looking information in this news release are reasonable, undue
reliance should not be placed on such information, which only applies as of the
date of this news release, and no assurance can be given that such events will
occur in the disclosed time frames or at all. Zenyatta disclaims any intention
or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by
law.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zenyatta Ventures Ltd via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 25.07.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 553801
Anzahl Zeichen: 11445
contact information:
Town:
Thunder Bay, ON
Kategorie:
Business News
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