Focus Metals Signs Agreement with IREQ for Graphite Purification and Li-ion Battery Facilities

Focus Metals (TSXV:FMS,OTCQX:FCSMF), in conjunction with IREQ, Hydro-Québec’s world leading research institute, has signed a licensing agreement which will allow Focus to develop a graphite purification facility, as well as graphite anode porduction facility for lithium-ion batteries.

As quoted in the press release:

The licensing agreement is in two parts. The first part is related to Focus Metals’ development of a graphite purification process that brings Lac Knife’s processed graphite to 99.95% carbon for use in lithium battery applications. The processing includes spherical shaping as well as thermal and chemical purification. The second part of the agreement provides for the production of anodes for Li-ion batteries.

Focus Meta’s President and CEO, Gary Economo, commented:

This agreement represents a huge and significant milestone for us as we move through pre-development to production of our Lac Knife technology graphite deposit. Moreover, the marriage of Focus’s Québec-based, world-class graphite deposit to the Québec-based global leader in processing technologies—especially in battery anode production—will leave Focus Metals well-positioned to secure its place as a quality supplier to the fast-growing lithium battery manufacturing sector.

To view the full press release, click here.