Zen Graphene Solutions Ltd. {TSX.V; ZEN}
Provided an update on recent activities including the $1-million reimbursement grant for graphene-infused concrete applications research and progress on the environmental baseline study fieldwork.
Zen has received a $290,192 initial reimbursement.
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2019-08-08 08:44 ET – News Release
Mr. Francis Dube reports
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ZEN GRAPHENE SOLUTIONS PROVIDES GRANT PROGRAM AND ENVIRONMENTAL BASELINE STUDY UPDATE
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Zen Graphene Solutions Ltd. has provided an update on recent activities including the $1-million reimbursement grant for graphene-infused concrete applications research and progress on the environmental baseline study fieldwork.
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ZEN recently received a $290,192.72 reimbursement payment for the eligible expenses during the quarter ended June 30th 2019. This payment is the first instalment of the reimbursement grant for graphene-infused concrete applications research that was awarded to ZEN on May 8, 2019. The grantor will reimburse up to a maximum of $1,000,000 spent by ZEN on eligible expenses directly related to graphite purification, graphene production research, concrete additive research and large-scale graphene-enhanced concrete testing on a quarterly reporting basis.
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Additionally, on April 25, 2019, ZEN announced that it had commenced work on the environmental baseline studies to support the development of the Albany Graphite Project. The environmental and social baseline studies will provide important input into continued advancement of project development plans. ERM Canada Ltd. (“ERM”) is leading the desktop and fieldwork associated with the baseline studies on behalf of ZEN. ERM and ZEN have been actively collaborating with Constance Lake First Nation (“CLFN”) in order to maximise opportunities for involvement and incorporation of traditional knowledge.
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Three field campaigns have been conducted by ERM, CLFN, and ZEN so far in 2019 to collect data on hydrology (river levels and flow rates), water quality, fish and fish habitat, vegetation, and wildlife habitat. Two additional field campaigns are planned in 2019 to collect seasonal hydrology and water quality data. Samples have also been collected from existing drill core and reject material to initiate geochemical studies. ERM will be analysing and interpreting all the data that is collected in 2019 and will provide a final report documenting the activities and results at the end of the year.
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About ZEN Graphene Solutions Ltd.
ZEN Graphene Solutions Ltd. is an emerging graphene technology company with a focus on development of the unique Albany Graphite Project. This precursor graphene material provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN’s Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.
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