Zenyatta Nano-Material Successfully Tested in Advanced Silicon-Graphene Anode for new Lithium Ion Batteries by a U.S. Based A...
May 16 2017 - 8:00AM
THUNDER BAY, ON --(Marketwired - May 16, 2017) -
Zenyatta Ventures Ltd. ("Zenyatta" or
"Company") (TSX VENTURE: ZEN) (OTCQX: ZENYF) is pleased to
announce the successful testing of the Company's graphene oxide
material by a leading U.S. based advanced materials company ('U.S.
Co.') developing silicon-graphene anodes for the next generation of
lithium-ion batteries. Preliminary results show ease of processing
with Zenyatta's graphene oxide and similar electrochemical
performance compared to the control material that is currently
being used by U.S. Co. The superior dispersion qualities and good
electrochemical performance of the Company's graphene oxide are
desirable properties for this silicon-graphene battery application.
Zenyatta's high-purity graphite was recently converted to graphene
oxide by Dr. Aicheng Chen, Professor at Lakehead University, and
then sent to the U.S. Co. for testing as an advanced nano-material
in a new Lithium-ion battery.
Lithium-ion batteries are widely used globally for
portable electronic devices and electric vehicles. Unfortunately,
lithium-ion batteries still lack the required level of energy
storage to completely meet the demands of such applications as
electric vehicles. A new silicon-graphene composite anode enables
higher capacity and faster charging batteries that could meet
consumer demand for increasing power and range.
Aubrey Eveleigh, President and CEO of Zenyatta,
commented, "Given the present limitations on the existing
lithium-ion battery, the World needs to develop a super-battery.
Silicon-graphene is the next generation anode being developed for
batteries by many advanced material companies. Zenyatta's graphene
oxide has properties that make it a suitable material to be used
with silicon in these next generation Lithium-ion batteries. While
silicon has many times the capacity of graphite, it cannot be used
alone due to rapid degradation. A significant amount of research
has been carried out to encapsulate silicon in a graphene material
to enhance the cycle life while also increasing charge capacity and
durability for advanced lithium-ion batteries."
Mr. Eveleigh added "We are very excited with the
potential of our graphene to play a key role as a component of the
next generation batteries. The adaption of silicon-graphene based
anode batteries could further accelerate the fast growing market
for energy storage, especially for the automotive sector. Having a
consistent and high quality raw material source in North America
for an end-user's supply chain is critical in order to maintain
long term quality control for product specifications."
U.S. Co. will continue to carry out advanced
testing on Zenyatta's graphene oxide for use in Lithium-ion anode
composite material. Additional testing will include the
determination of the following:
- Aqueous dispersion quality;
- Compatibility with processing method and
yield;
- Electrochemical performance; and,
- Characterization of the composite material.
Zenyatta Ventures Ltd. is
developing the Albany Graphite Deposit situated in northeastern
Ontario, Canada. The deposit is a unique type of igneous-hosted,
fluid-derived graphite mineralization containing highly crystalline
carbon in two large breccia pipes. The Company is collaborating
with several partners in Asia, Europe and North America using its
high purity graphite for Lithium-ion batteries, fuel cells and
graphene. The outlook for the global graphite and graphene 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 nano-material products for technological applications
that need extraordinary performance using ultra-high purity
graphite powder at an affordable cost. Albany graphite can be
upgraded to ~99.9% C 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 technical 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@zenyatta.ca or info@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.
Without a formal independent feasibility study, there is no
assurance that the operation will be economic. The Company has
completed a July 9, 2015 Preliminary Economic Assessment which
indicates an open pit mine life of 22 years (excludes underground
resource which is open at depth) producing 30,000 tonnes purified
graphite per annum (see Zenyatta press release of 1 June 2015). The
PEA is preliminary in nature, it includes inferred mineral
resources that are considered too speculative geologically to have
the economic considerations applied to them that would enable them
to be categorized as mineral reserves, and there is no certainty
that the preliminary economic assessment will be realized. 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 "potential",
"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.
Image Available:
http://www.marketwire.com/library/MwGo/2017/5/15/11G138888/Images/zenyatta-be76c4064f68a163b1a876dff3f22c1d.jpg
CONTACT INFORMATION
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@zenyatta.ca or info@zenyatta.ca
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
Zendesk (NYSE:ZEN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Zendesk (NYSE:ZEN)
Historical Stock Chart
From Apr 2023 to Apr 2024