- The bulk sampling program is anticipated to be completed by early April 2019
- The main purpose of the program is to recover a large sample of graphite to generate graphene product samples for market development purposes
- This material will be subsequently purified to 99.8% and ultimately converted to graphene and graphene oxide for continued market development work.
Thunder Bay, Ontario–(Newsfile Corp. – February 19, 2019) – ZEN Graphene Solutions Ltd. (TSXV: ZEN) (“ZEN” or the “Company“)
is pleased to provide an update on recent activities including
progress on the winter Albany Graphite bulk sampling program and the
engagement of a new Investor Relations consultant.
Bulk Sampling Program
The
bulk sampling program is proceeding well and is anticipated to be
completed by early April 2019. The main purpose of the program is to
recover a large sample of the graphite mineralization in order to
generate graphene product samples for market development purposes. The
program is expected to generate up to 40 tons of 99.8% purity graphene
pre-cursor material.
The winter road has been cleared to the
Albany project site and the mobilization of the camp and drill equipment
has commenced. The company has contracted Les Forages L.B.M. Inc. of
Victoriaville, Québec to perform the drill program which is anticipated
to commence shortly. Preparation and maintenance of the winter road has
been contracted to Amik Nuna Forestry Services JV and the camp services
will be provided by Expedition Camps and Logistics of Cochrane,
Ontario; both companies have business partnerships with Constance Lake
First Nation (CLFN). The bulk sample program will consist of a total of
six large diameter percussive reverse circulation drill holes, five on
the East Pipe and one on the West Pipe and is designed to recover up to
990 tonnes of graphite mineralized material. This material will be
subsequently purified to 99.8% and ultimately converted to graphene and
graphene oxide for continued market development work.
ZEN has also
been invited to participate in Constance Lake First Nation’s Second
Annual Mining Conference, titled “Following Water in Mining” which will
be held at Constance Lake on February 19. The company will provide an
update to the CLFN community on the new team, its goals and aspirations.
ZEN will also be participating in the Annual Feast which will take
place on the following day.
Investor Relations Consultant
ZEN
is also pleased to announce that it has retained the services of Ms.
Mara Strazdins, a consultant with Storyboard Communications Corp.
(“Storyboard”), a Toronto-based investor relations and capital markets
advisory firm serving Canadian small to mid-cap companies across North
American markets.
“With our new ZEN Graphene Solutions brand in
place, we are launching a refined communications and investor relations
strategy to further engage with the market and our stakeholders,” said
Francis Dubé Co-CEO of ZEN. “Our story has evolved considerably over the
last year. We are now on a new path as an emerging graphene technology
company and this new partnership with Storyboard and Ms. Strazdins will
assist us as we increase our profile within the financial community and
in the broader business community now looking for reliable new sources
of high-quality graphene products.”
The 2019 development plans for
ZEN include collecting a bulk sample of Albany graphite for processing
and larger volume conversions to graphene. As the Company intends to
pursue development and partnerships for its graphene material,
Storyboard will assist the Company with communication of ZEN’s
compelling growth plan as it continues to execute on its graphene
materials business model.
Under the terms of the agreement, ZEN
will pay a monthly retainer of CAD $5,000 for an initial term of six
months for ongoing strategic communications and capital markets advisory
services. At the time of entering into this agreement, Storyboard, or
any of its executives, has no ownership interest, directly or
indirectly, in ZEN or its securities. ZEN has not granted Storyboard any
right to acquire any such interests.
About Storyboard Communications
Storyboard
provides high-quality investor relations and communications services
for small to mid-cap companies in all sectors, using a unique approach
through an innovative methodology, enhanced by data analytics
technology. For further information visit www.storyboardcommunications.com
About ZEN Graphene Solutions Ltd.
ZEN
Graphene Solutions Ltd. is an emerging graphene technology solutions
company with a focus on development of the unique Albany Graphite
Project as a precursor graphene material product opportunity and product
market development. The Albany Graphite Project provides the company
with a competitive advantage in the potential graphene market as
independent labs in Japan, UK, Israel, USA and Canada have demonstrated
that ZEN’s Albany Graphite/Naturally PureTM easily converts (exfoliates)
to graphene, using a variety of simple mechanical and chemical methods.
For further information:
Francis Dubé, Co-Chief Executive Officer
Tel: +1 (289) 821-2820
Email: [email protected]
To find out more on ZEN Graphene Solutions Ltd., please visit our website at www.ZENGraphene.com . A copy of this news release and all material documents in respect of the Company may be obtained on ZEN’s SEDAR profile at www.sedar.ca.
