Zenyatta Making Progress on Market Development for Albany Graphite

Zenyatta Ventures Ltd. (TSXV:ZEN) reported that it’s making progress with global market and business development for various applications for graphite from its Ontario-based Albany deposit.
As quoted in the press release:

Recently the Company received a new batch of purified graphite material produced at SGS Canada Inc. (‘SGS’) Lakefield site. This material, which graded 99.9% graphitic carbon, was delivered for testing to new interested parties who have recently signed non-disclosure agreements (‘NDA’) for the purpose of carrying on discussions and due diligence evaluations. Furthermore, the Company provided additional but larger product samples to end-users already under NDA that have initially tested smaller samples and found Albany material to be suitable for their particular application. Discussions are progressing well with continuous dialogue and meetings scheduled over the next few weeks and months.
This initial and further testing by potential customers is designed to qualify the Albany graphite material for the following applications: lithium ion batteries, fuel cells, powder metallurgy, nuclear and graphene.
Zenyatta disclosed in a news release dated 12 February 2015 that first testing has shown the performance of Albany graphite to be in the range of anode materials used presently for Lithium-ion Batteries (‘LIB’). Also, on 19 May 2015, Zenyatta released positive results from initial testing at the National Research Council (‘NRC’) of Albany graphite samples for use in powder metallurgy (‘PM’) applications. More recently the Company announced results showing the Albany graphite material may be suitable for fuel cells and the production of graphene.

Dr. Bharat Chahar, vice president of market development at Zenyatta, commented:

The recent work has produced additional high-purity graphite material which has been sent to various potential customers for testing and evaluation. Test work completed to date has confirmed the Albany graphite to have a very good crystal structure (hexagonal) with a very desirable purity and particle size for various applications. The Company expects to continue to produce a graphite product on a test basis with strict specifications based on feedback from interested end users under signed confidentiality agreement.

Click here to read the full Zenyatta Ventures Ltd. (TSXV:ZEN) press release.