Graphite

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce the following corporate update and Fall events and speaking engagements.

Belinda Labatte, CEO and Director stated: "Our team is leading as a people-first company and operator of choice in the development of all our critical minerals opportunities. We recognize that listening to stakeholders and active engagement with First Nations are key priorities to advancing our projects, and we also look forward to sharing the opportunities for development of modern, carbon neutral and environmentally responsible operations. The only way for renewable energy transition to occur is to secure our raw natural resources and develop them responsibly. We are pleased to speak on these subjects at upcoming events and speaking engagements."

Ms. Labatte continued, "I also want to acknowledge to community members that we hear you. We will continue to respond to all local community residents with questions or concerns and develop a path for further engagement as studies and ideas progress. Lomiko believes in climate success stories and that responsible exploration, development and mining is essential to our renewable energy transition. These conversations, and ultimately agreements, on historical claims will require time, effort and collaborative commitment to evolve. We are pleased to participate as an ECOLOGO certified company to reassure ourselves and others that we maintain the highest standards for critical minerals exploration.

"We are a progressive organization and invite all stakeholders to get involved in the Canadian and Quebec Critical minerals strategy. We will keep providing baseline data to all local residents and all other information as it becomes available, and we have a community page live on the Lomiko website which is fully bilingual."

Corporate update

Lomiko utilized the funds raised early in the year, including $2.1m in flow-through financing and a $1.5m private placement, to progress work in drilling, metallurgical testing and environmental baseline studies. In addition, geophysical field work for the six new graphite properties is now complete and has identified new targets for future follow-ups. Lomiko has also completed its summer soil and surface field testing program with Critical Elements Lithium Corp. and Gold Spot AI at its Bourier lithium property. These results will be shared when they are available. The Company is actively working to build a pipeline of projects suitable to feed into the critical minerals supply chain and power a transition from fossil fuels to renewables, especially for EV battery systems.

Participation in Events and Speaking Engagements

Lomiko is pleased to be presenting and participating in the following upcoming conferences in Detroit, Toronto, Calgary and Quebec. All interested investors can meet with management here and may contact the Company for further information:

  • Battery Show, Detroit, September 12-15, 2022
  • InvestorTalk event in person at National Club, Toronto, September 15
  • Canada-Korea EV event in Toronto, September 16
  • Belinda Labatte, CEO, Panel Speaker: Canada as a future battery superpower at the Energy Disruptors: Unite Event Series, Calgary, September 19 and 20
  • Belinda Labatte, CEO, in conversation on the Northern Miner Podcast, September 2022
  • Belinda Labatte, CEO, Keynote speaker at Alternatives for Women AGM and 35 th anniversary, Picton, ON, September 26
  • Belinda Labatte, CEO, Featured speaker at Veristell Institute, Daring to Leap virtual event, September 29
  • The Northern Miner Global Mining Symposium (virtual) for Q3, September 28-29
  • Lee Arden Lewis, Independent Director and Anne Chabot, Strategic Advisor presenting at Voices at the Table: Climate Change, Critical Minerals & First Nations & Indigenous Women in 2022, event during the Quebec Mineral Exploration Association's XPLOR October 3 rd @ 5pm, hosted by Fasken
  • XPLOR, Westin Hotel Montreal, October 3-6 (booth and core shack exhibit)
  • OTC Capital Markets, Metals and Mining conference, October 18 – 20 th
  • Energy and Mines, Toronto, November 1-2
  • InvestorIntel, Critical Minerals Summit, Toronto, November 9
  • Quebec Mines, Quebec City, November 21-24

The Company's updated investor presentation and website can be found on www.lomiko.com .

About Lomiko Metals Inc.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions.​ Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 48 minerals claims totaling 2,867 hectares (28.7km 2 ). Lomiko Metals published a Preliminary Economic Assessment ("PEA") on September 10, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mr. Mike Petrina, Project Manager, a Qualified Person ("QP") under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release. Also, Oliver Peters of MetPro who is leading metallurgical testing programs of the La Loutre graphite project on Lomikos's behalf is acting as QP.

For more information on Lomiko Metals, review the website at www.lomiko.com , contact Belinda Labatte at 647-402-8379 or email: info@lomiko.com .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates," "plans," "continues," "estimates," "expects," "may," "will," "projects," "predicts," "proposes," "potential," "target," "implement," "scheduled," "intends," "could," "might," "should," "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com , and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.

For more information:

Kimberly Darlington
Communications and Investor Relations
k.darlington@lomiko.com

News Provided by Business Wire via QuoteMedia

LMR:CA
Lomiko Metals

Lomiko Metals


Keep reading...Show less
Quebec Critical Metals and Technology Live Virtual Investor Conference March 30 and 31

Quebec Critical Metals and Technology Live Virtual Investor Conference March 30 and 31

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st .  This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors.

Individual investors, institutional investors, advisors, and analysts are invited to attend.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
TSXV:LMR

Lomiko Appoints New Management Team and Director and Initiates a New Vision and Strategy in Quebec

Lomiko Metals Inc. (Lomiko) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) ("Lomiko Metals" or "Lomiko" or the "Corporation" or "The Company") is pleased to announce a new leadership team and the appointment of an independent director to the board effective October 25, 2021. With the appointment of Belinda Labatte as Chief Executive Officer and Director, Vince Osbourne as Chief Financial Officer and Gordana Slepcev as Chief Operating Officer, Lomiko is poised to develop its current critical minerals projects in Quebec and pursue a new growth strategy for the acquisition and development of new critical minerals assets to add to the Company's portfolio. The Board of Directors has determined it is in the best interests of all its stakeholders to appoint a dedicated and committed new leadership team at this time which will establish the Company and it's base of operations in Quebec. Lomiko is setting the stage to become a leader and responsible supplier of critical minerals in the North American market. The new leadership will continue to develop the Company's high potential La Loutre graphite project into the Pre-Feasibility Stage ("PFS") stage with the view of taking it into full production, along with plans for the advancement of its lithium exploration project, Bourier located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
chromium release assay

InvestmentPitch Media Video Discusses Lomiko Metals Announcement of Positive Results from the Preliminary Economic Assessment on its La Loutre Graphite Project in Southern Quebec - Video Available on Investmentpitch.com

Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has announced positive results from the Preliminary Economic Assessment on its La Loutre Graphite Project in southern Quebec. The 100% owned La Loutre Project is located in the Nominingue-Chénéville Deformation Zone in Quebec. The property, which consists of one large contiguous block of 42 mineral claims totaling 2,509 hectares or approximately 25 square kilometres, is located approximately 117 kilometres northwest of Montréal in southern Québec, 230 kilometres southwest of the Nouveau Monde Matawinie Project and 100 kilometres southeast of the Imerys' Lac-des-îles mine.

The PEA was completed by Ausenco Engineering Canada, the Canadian division of the Australian-based global engineering firm with a 30 year track record with projects spanning more than 80 locations worldwide.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news along with some video comment from Lomiko's President and CEO, A. Paul Gill. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

Based on a drill hole database containing 117 drill holes, consisting of 15,160 metres of drilling and 8,850 assay intervals, the project has a mineral resource estimate of 23,165 kilo tonnes of 4.51% graphite for 1.04 metric tonnes of graphite in the Indicated category, and 46,821 kilo tonnes of 4.01% graphite for 1.9 metric tonnes of graphite in the Inferred category, using a 1.5% cut-off grade. The cut-off grade is based on a processing cost of CDN$11.85 per tonne, and General and Administrative Costs of CDN$2.37 per tonne. A cut-off grade of 1.5% has been used for the base case of the resource estimate, which more than covers the Process and General and Administrative Costs.

The mine plan includes 21.9 metric tonnes of mill feed and 88.4 metric tonnes of waste over the 14.7-year project life. Mine planning is based on conventional open pit methods suited for the project location and local site requirements. Owner-operated and managed open pit operations are anticipated to begin prior to mill start up, running for 14.7 years to pit exhaustion, with feed from the low-grade stockpile supplementing plant feed over the last two years. The PEA indicates the property has the geological potential to extend the mine life beyond the initial 14.7 years presented in the PEA as well as the opportunity to expand the scale of production by increasing the mineral resource through ongoing exploration and drilling.

With a strong treasury to support their next steps, Lomiko plans to commence a Preliminary Feasibility Study and Environmental Impact Studies while continuing to explore the geological potential of the property. Management believes the PEA clearly demonstrates the potential for Lomiko to become a major North American graphite producer, with a positive after-tax Internal Rate of Return of 21.5% and after-tax Net Present Value of $186 million.

Management cautions that mineral resources are not mineral reserves and do not have demonstrated economic viability.

For a more detailed analysis of the PEA, please refer to the news release. The shares are trading at $0.145. For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91913

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
lomiko metals

InvestmentPitch Media Video Discusses Lomiko Metals and its Option of Bourier Project in Quebec from Critical Elements as it Prepares to Explore for Lithium - Video Available on Investmentpitch.com

Lomiko Metals (TSXV: LMR) (OTCQB: LMRMF) (FSE: DH8C) has entered into an option agreement with Critical Elements Lithium Corporation giving Lomiko the right to acquire up to a 70% interest in the Bourier project. Lomiko will earn its interest by way of a joint venture agreement.

For more information, please view the InvestmentPitch Media "video" which provides additional information about this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.

The Bourier project is located approximately 85 km east-northeast of the village of Nemaska and approximately 450 km north-northeast of the town of Val-d'Or, Québec. The Bourier property, potentially a new lithium field in an established lithium district in Quebec, consists of 203 claims covering approximately 10,252 hectares or 102.5 square kilometres.

A. Paul Gill, CEO, stated: "Recent consumer interest in electric vehicles has increased investor interest in Lithium and Graphite, two of the major components of a lithium-ion battery. Quebec is in a unique position of having ample supply of both commodities and now Lomiko has opportunities in additional battery materials."

Jean-Sébastien Lavallée, Critical Elements' CEO, added: "This option agreement with Lomiko will allow the Bourier property to be explored in detail for battery minerals discoveries, such as Lithium, Nickel, Copper and Zinc. Critical Elements is currently focused on the development of its Rose Lithium-Tantalum project. With Lomiko as a joint venture partner in the Bourier project, shareholders of both companies will be able to benefit from successful exploration of a highly prospective project."

The northern boundary of the property is marked by intrusive pink granite. The metasedimentary rocks in the centre of the property are intruded by mafic and ultramafic rocks, granites, pegmatites, and late diabase dykes. The pegmatites occur as either pink, which associated with oligoclase gneisses and granite, or white, which is associated with metasedimentary rocks. Outside of work program complete between 2010 and 2012 for Zinc-Copper and Gold by Monarques Resources Inc., there has been very limited lithium exploration undertaken at the Bourier Property.

The Bourier property is adjacent to the Lemare Lithium property, wholly owned by Critical Elements, where in 2012, a previous operator discovered a "granite pegmatite dyke containing a considerable amount of spodumene", which ranged in apparent thickness from 4.8 to 14.2 metres and was followed for close to 200 metres in length on surface.

Under the first option, Lomiko can earn 49% by paying $50,000 in cash, 5 million shares, and incurring $1.3 million in exploration expenditures by December 31, 2022. Subject to completing this first option, Lomiko can increase its interest to 70% by paying an additional $250,000 in cash, 2.5 million shares, and incurring $2 million in exploration expenditures and delivering a NI 43-101 Resource Estimate by December 31, 2023. Should Lomiko produce a drill-defined NI 43-101 resource estimate of between 5 and 20 million tonnes of lithium oxide, Lomiko will pay up to $2 million, payable in cash or shares, at Lomiko's discretion. Please refer to the company's news release for the specific schedule for these terms.

Critical Elements will retain a 2% NSR on the extraction and production of any minerals on the Bourier Property, of which Lomiko can purchase 1% for $2. million. During the agreement, Critical Elements will be the operator on the property. Critical Elements will also retain the exclusive right to market and act as selling agent for any and all Lithium products, including Lithium ore, concentrate and chemical, resulting from the extraction and production activities on the Bourier Property.

For more information, please visit the company's website: www.lomiko.com, contact A. Paul Gill, CEO, at 604-729-5312, or by email at info@lomiko.com.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company's story ahead of the 1,000's of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82629

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
lomiko metals stock

BTV Investor Alert Video: Lomiko Metals Inc. - Metals for the New Green Economy

Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF The company is engaged in the acquisition, exploration, and development of resource properties that contain minerals for the new green economy.

If you cannot view the video above, please visit:

Lomiko Metals Inc. (TSXV: LMR) (OTCQB: LMRMF)

Lomiko Metals is being featured on BNN Bloomberg on Mar 8th to 14th, 2021, throughout the day and evenings.

www.lomiko.com

About BTV:

BTV-Business Television is Canada's longest running business show. With Hosts Taylor Thoen and Jessica Katrichak, BTV features emerging companies across the country to bring viewers investment opportunities. BTV also produces News Alerts and branding/ awareness spots for issuers broadcast on BNN Bloomberg, Fox Business News, Bloomberg TV US and Bloomberg Terminals. www.b-tv.com

BTV - Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76480

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
First Graphene Ltd

First Graphene Ltd

First Graphene Ltd is an advanced materials company. It is the producer of graphene which is exfoliated from high-grade, crystalline Sri Lankan graphite. The company's graphene products are used in Fire retardant coatings, Concrete strengthening, Battery electrode materials, Conductive inks and sensors, Rubber and composite strengthening and Moisture barrier in thermoset composites. Its operating segment includes Graphene production; Research and development; Corporate services and Mining Asset Maintenance. The company generates maximum revenue from the Graphene production segment.

South Star Battery Metals Announces Approval of Phase 1 Construction Permit for Santa Cruz Mine in Brazil, Meetings with State of Bahia Development & Industrial Agencies and the Port Facilities in Salvador Officials

South Star Battery Metals Announces Approval of Phase 1 Construction Permit for Santa Cruz Mine in Brazil, Meetings with State of Bahia Development & Industrial Agencies and the Port Facilities in Salvador Officials

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), is pleased to announce that it has received the construction permit for its Santa Cruz Mine in Brazil from the municipality of Itabela on September 15, 2022. In addition, South Star held meetings with the State of Bahia development agency, the Bahia industrial confederation as well as representatives from the port facilities in Salvador, Bahia.

Richard Pearce, CEO of South Star, said, "The municipal construction permit was the final approval we needed for Phase 1 construction to begin in earnest, and are pleased to have achieved this important milestone. Once again, we would like to thank the mayor of Itabela and his/her team for their continued support of South Star. We look forward to working closely with them through construction and the start of commercial production in Q4 of 2023."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Altech Chemicals

Altech - To Commercialise 100MWh Sodium Alumina Solid State Batteries for Grid Storage

Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is excited to announce that it has executed a Joint Venture Shareholders’ Agreement with world-leading German battery institute Fraunhofer IKTS (“IKTS”) to commercialize IKTS’ revolutionary CERENERGY® Sodium Alumina Solid State (SAS) Battery. Altech, inclusive of associated entity Altech Advanced Materials AG, will be the majority owner at 75% of the JV company, which will commercialize a 100 MWh project to be constructed on Altech’s land in Schwarze Pumpe, Germany. The SAS CERENERGY® battery uses common table salt and ceramic solidstate technology

Highlights

Keep reading...Show less

Altech Chemicals Limited Interview MD Iggy Tan Sodium Alumina Solid State Batteries

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) advises that a recent interview with Managing Director Iggy Tan can be found on the Company's website www.altechchemicals.com and on the following YouTube link: https://youtu.be/pRu67iUhG4Q

In the interview, Iggy discusses Altech's plans to commercialize 100 MWh Sodium Alumina Solid State Batteries for grid energy storage in Saxony, Germany. Altech announced yesterday that it has executed a joint venture agreement with world-leading German battery institute Fraunhofer IKTS ("IKTS") to commercialize IKTS' revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. Altech, inclusive of associated entity Altech Advanced Materials AG, will be the majority owner at 75% of the JV company.

"Our CERENERGY(R) batteries use common table salt which is readily available everywhere" - Iggy Tan.

Altech Chemicals Interactive Investor Hub

Engage with Altech directly by asking questions, watching video summaries and seeing what other shareholders have to say about this, as well as past announcements, at our Investor Hub https://atc.freshamplify.com/



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

News Provided by ABN Newswire via QuoteMedia

[subscribe_company_profile use_post="101821931"]

Keep reading...Show less
Lomiko Announces Completion of Exploration Drilling for its La Loutre Graphite Project

Lomiko Announces Completion of Exploration Drilling for its La Loutre Graphite Project

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") is pleased to announce that it has completed its infill and extension exploration drilling program at its wholly-owned La Loutre graphite project, located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory within the Outaouais and Laurentides regions, 180 kilometers northwest of Montreal.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220913006281/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Altech Chemicals Limited To Commercialise 100MWh Sodium Alumina Solid State Batteries

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is excited to announce that it has executed a Joint Venture Shareholders' Agreement with world-leading German battery institute Fraunhofer IKTS ("IKTS") to commercialize IKTS' revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. Altech, inclusive of associated entity Altech Advanced Materials AG, will be the majority owner at 75% of the JV company, which will commercialize a 100 MWh project to be constructed on Altech's land in Schwarze Pumpe, Germany. The SAS CERENERGY(R) battery uses common table salt and ceramic solidstate technology.

SAS CERENERGY(R) BATTERIES

Altech believes that Sodium Alumina Solid State (SAS) CERENERGY(R) batteries are the game-changing grid storage alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof, have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and nickel - is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The SAS technology has been developed by Fraunhofer IKTS over the last eight years and has revolutionized previous technology, allowing higher energy capacity and lower production costs. SAS-type batteries, in terms of capacity, have already been successfully tested in stationary battery modules. The IKTS SAS batteries are in the final phase of product testing and ready to commercialise. IKTS has spent in the region of EUR 35 million on research & development and operates a EUR 25 million pilot plant in Hermsdorf, Germany. The final CERENERGY(R) battery modules, at 10 KWh each, are specially designed for the grid storage market and have been undergoing extensive performance testing in Germany. These modules are designed to fit in racks housed in sea containers that can be deployed for grid storage.

IKTS has been looking for an entrepreneurial partner that has German land available, has access to funding, is a builder of projects, has battery background, and has technology in alumina used in ceramics.

Altech fitted the criteria, and the Joint Venture Shareholders' Agreement was executed. Altech group will own 75% of the project with IKTS 25% free carried. The intellectual property will be licensed exclusively to the joint venture.

The joint venture partners have elected to develop a 100 MWh SAS battery plant (Train 1) on Altech's site in Saxony, Germany. The target market for this project will specifically focus on the grid (stationary) energy storage market which is expected to grow by 28% CAGR (Compound Annual Growth Rate) in the coming decades. The global grid energy storage market is expected to grow from USD 4.4 billion in 2022 to USD 15.1 billion by 2027. Or further out, the market is expected to grow from 20 GW in 2020 to over 3,000 GW by 2050. Altech believes that SAS batteries can provide high security, at low acquisition and operating costs, for the stationary energy storage market.

The proposed battery plant will produce 10,000 SAS battery modules per annum, rated at 10 KWh each. These SAS battery modules are expected to sell for between EUR 7,000-9,000 per module, or EUR 700-900 per KWh, at final pack costs. IKTS has estimated that the total cost of production for CERENERGY(R) batteries will be 40%-50% cheaper than lithium-ion batteries.

The joint venture partners have commenced the planning process for the Bankable Feasibility Study required for the commercialisation process. Once the Train 1 (100 MWh) plant is built and operating, the longer-term vision for the joint venture is to construct additional trains or a Gigawatt battery facility.

*To view more details, please visit:
https://abnnewswire.net/lnk/5Y8T2697



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

News Provided by ABN Newswire via QuoteMedia

[subscribe_company_profile use_post="101821931"]

Keep reading...Show less

Latest Press Releases

Related News

×