Zenyatta Ventures (“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.
Aubrey Eveleigh, President & CEO of Zenyatta, said:
“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.
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.”