Goldcore Resources Ltd. announces that the board of directors have approved a change of the Company’s name to “Green Battery Minerals Inc.” The new name has been chosen to better reflect the Company’s strategic focus on working towards the exploration for, and development of green commodities required by the burgeoning Lithium Ion battery market. The Company’s sustainability focus will reflect in its …
Goldcore Resources Ltd. (TSXV:GEM ) ( FSE:BK2P ) ( WKN:A2QENP) (“Goldcore” or the “Company”) announces that the board of directors have approved a change of the Company’s name to “Green Battery Minerals Inc.” The new name has been chosen to better reflect the Company’s strategic focus on working towards the exploration for, and development of green commodities required by the burgeoning Lithium Ion battery market. The Company’s sustainability focus will reflect in its enhanced attention to ESG (Environmental, Social, and Corporate Governance) matters, which will underpin the Company’s aggressive growth plans. The change of name is subject to the acceptance of the TSX Venture Exchange. This change of name will be done without any share consolidation or change in trading symbol. Shareholders will be informed once approved and will be advised of the new CUSIP number when issued.
– the Company’s high grade, large flake Berkwood graphite project comprises an advanced stage property in which the Company has already invested over $6 million and has published a maiden resource (NR Aug. 19 th , 2019) and where the product has demonstrated it can be easily purified to 99.95% using a clean green alkaline process, and where the graphite product has demonstrated excellent expandability characteristics for certain industrial applications (NR Aug 27 th 2019).
– the Company is building test batteries to prove their graphite can be used in making batteries.
– the Company is working on verifying that the project graphite is amenable to efficient spheronization and coating and thus to add value to the end product.
The Berkwood project is characterised by outcropping graphite that is expected to offer shallow development and ready remediation potential, in line with the Company’s values. A development project at Berkwood would benefit from existing extensive infrastructure, including hydroelectric power infrastructure, year-round maintained highways and local skilled workforce.
Simon Moores, London, U.K.-based managing director of Benchmark Mineral Intelligence, states: “ A quarter of the cost of an EV is the lithium-ion battery, while four-fifths of the cost of the battery itself is the minerals, metals, and chemicals that go into it. While the world’s governments and automakers focus on building EVs and battery plants, a true leader is yet to emerge in building the supply chains to feed them,” Moores said .” “However, with surging demand for battery metals to serve the expanding EV supply chain, the market opportunity for Canada is growing.”
CEO Tom Yingling states: “ I am very excited to move the Company forward under the new brand. Management has been developing the Berkwood Graphite discovery over 5 years moving the project into a proven resource stage. We have stated numerous times that the demand for electric vehicle battery minerals will come strong, and it has just started. Although we are under a new name, the historical work of numerous drill programs, testing of our Graphite and millions of dollars being spent does not change. Investors need to be aware that Graphite is not a homogeneous commodity like gold or silver. When choosing to invest in a Graphite Company do your homework as not all graphite is created equal.”
Qualified Person: Mr. Dave Kelsch, P.Geo. is a Qualified Person ( “QP” ) as defined by National Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news release.
About the Company: Goldcore Resources Ltd. is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Company management team’s most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec. The Company owns this asset 100 percent and the shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
President, CEO & Director
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Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.
Neither 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 release .
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