|Zenyatta Ventures forms ZEN-Tech Materials|
2017-07-25 08:43 ET - News Release
Mr. Aubrey Eveleigh reports
ZENYATTA ANNOUNCES THE FORMATION OF A WHOLLY OWNED SUBSIDIARY, ZEN-TECH MATERIALS LTD., TO DEVELOP & COMMERCIALIZE GRAPHENE RELATED OPPORTUNITIES
Zenyatta Ventures Ltd. has formed a wholly owned subsidiary called ZEN-tech Materials Ltd. 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 toward 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 and chief executive officer 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 United Kingdom is a centre for graphene research, innovation and financing and consequently this attracts many global graphene industry specialists. By locating in U.K., 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 Ventures Ltd.
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.
Aubrey Eveleigh, PGeo, 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.
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