VANCOUVER, BRITISH COLUMBIA – January 19th, 2023 – Green Battery Minerals Inc. (the “Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is very pleased to announce that the Company has executed a non-binding arm’s length Memorandum of Understanding dated January 18, 2023 (“MOU”) with a United Kingdom based manufacturing company (“GRAPHENE STAR TRADING LTD.”) (“Graphene Star”). Graphene Star produces high quality graphene products and has successfully taken graphite from Green Battery Minerals 100% owned Berkwood graphite project and created graphene with it. This graphene was then used to successfully create lithium-ion batteries (“LIBs“). Graphene Star has successfully completed initial test work on these batteries and the Company is very pleased to state that using Graphene Star’s unique patented process has been able to create “ESG friendly” LIBS.
The results from making these first test batteries proves that Green Battery’s graphite has good conductivity and has the potential to work in the next generation of LIBs. Having received these good test results now warrants more testing and refining the purification process to bring this battery technology to a commercial scale.
Graphene Star/Green Battery Advantageshttps://4da24f1307990593a74e4407376505dd.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html
- 100% of the graphite used comes from a growing North American reliable and stable source.
- The proprietary technology used to convert the graphite to a graphene for anode use is environmentally friendly with a very low LCA (life cycle assessment) value compared to comparable sources.
- There are no chemicals used in the production of graphene using Graphene Star’s technology.
- Graphene Star’s technology generates zero waste, combined with a high production efficiency.
- As well as environmental benefits, there is huge cost savings as the process removes numerous steps and chemicals in the graphite purification process.
The technology that Graphene Star has been working on for LIBs has the potential to offer significant advantages over current LIBs including:
- Higher electrical conductivity/density. Graphene has significantly higher electrical conductivity than graphite, giving it more stability and allowing for faster-charging cells that are able to deliver very high currents. This also gives it higher heat conductivity which means that batteries run cooler, prolonging their lifespan even in cramped cases like a smartphone. (A)
- Longer battery life. A significant increase in the amount of time the battery will hold a charge. Holding a charge longer improves the battery’s lifespan. A graphene containing LIB could have a service life four times that of traditional hydrogenated batteries and twice that of lithium batteries. (D)
- Faster charging speed. A significant decrease in time it takes to charge the battery. (D)
- More charge cycles. A significant increase in the total number of times a battery can be charged in its lifetime.
- Lighter and Smaller. Graphene can make batteries that are lighter and slimmer, durable and suitable for high capacity energy storage. The characteristics of graphene significantly reduce the weight of the battery up to as much as 50% of a traditional battery, which will decrease the weight of the electric vehicle thus improving the efficiency. (A)
- More Power. The power storage capacity is three times that of the best products on the market. (C)
- Travel Longer. An electric car powered by these graphene batteries can travel up to 1,000 kilometers, and it’s charging time is less than 8 minutes. (C)
- Lower cost. The company that produces this battery says it’s cost will be 77% lower than that of lithium batteries. (C)
- Fits in to current LIB Process. This technology will fit in to any battery and thus not change the LIB development process that exists to day.
All of these benefits are exactly what the electric vehicle car manufactures are looking for in a stable, ESG friendly, North American sourced LIB all at a huge cost savings as well.
Graphene Star received graphite from the Company’s Berkwood Graphite project, located in Northern Quebec, Canada, with the intention to see if it could be purified and converted to a graphene anode material and finally used to build a graphene anode LIB. Both Green Battery and Graphene Star are very pleased to announce that not only was the graphite from the Berkwood project easily purified but it was easily converted into a graphene anode and subsequently successfully used to build an initial coin cell LIB. In keeping with Green Battery’s strict ESG platform we are not only pleased that we were successful in these initial battery cell trials but utilizing Graphene Star’s proprietary techniques we were able to create these batteries using an entirely environmentally friendly process without the use of any emissions, pollution or cause any waste. The proprietary technology does not use any chemicals in the production of graphene or highly conductive graphite, making this new process not only green and clean but also way more cost effective than traditional means.
Graphene Star has a patented unique way of turning graphite into graphene. They also have a number of products on the market that use their graphene including a highly conductive paint, infrared heating, and graphene additive for compounds (https://graphene-star.com/graphene-1). GEM, by owning shares in Graphene Star, will benefit from these products as well.
Progress to date
Over the past year Graphene Star, Green Battery and a UK university at the forefront of EV battery technology have taken graphite from Green Battery’s project and purified it, creating graphene from it, creating a graphene anode, and undertaking initial tests as at a proof of concept level to show the possible use of our graphite in LIB use. (see picture below of the first batteries created).
Figure #1 Graphene Lithium Ion coil cell batteries made out of Green Battery graphite
Yingling, President and CEO of Green Battery, states, “I am very pleased to announce that we have successfully created graphene containing Lithium-ion Batteries using graphite from our Berkwood Graphite Quebec property. Graphene containing LIBs have been shown to be far superior to the traditional LIB. I am even more excited that we have discovered a proprietary technique with Graphene Star whereby we can build these batteries in an entirely environmentally friendly way without the use of any chemicals, emissions, pollution or cause any waste. Not only is a graphene battery superior on so many points but it is better for the environment and the battery itself costs significantly less to create which offers huge savings. We look forward to the potential joint venture with Graphene Star and the development of a next generation graphene containing lithium ion battery.”
Benchmark Minerals Intelligence, one of the world’s leading battery element resource sources, says the world will need an estimated 97 natural flake graphite mines to meet the required demand by 2035.”
Pursuant to the terms of the MOU, it is intended that:
- Green Battery, through a number of payments, will be able to buy up to 19% of Graphene Star.
- Funds invested in Graphene Star will be used to pay for more testing of the anode material.
- Green Battery, at a certain point, will be able to appoint a Director to the Graphene Star board.
- Buy in payments are subject to milestones being achieved in the battery making process.
- If the terms of the MOU are fully executed in a binding agreement, GEM will have the option to acquire up to 19% interest in Graphene Star by making gradual earn in payments up to £2,000,000.
- Green Battery to provide 100Kg of 92% pure graphite for further testing.
- Graphene Star will own 100% of all intellectual property but GEM will have certain rights.
- Green Battery will finance the terms of this agreement on an as needed basis through financings and or exercise of warrants.
Why Graphene Star
- Graphene Star’s process of converting graphite to graphene significantly increases the electrical conductivity.
- Graphene Star did simple tests to show our graphite was purifiable and had good conductivity.
- Graphene Star’s technology will also reduce the cost to purify the Graphite as well as provide a better ESG footprint.
- The new Graphene Star graphite processing technology is based on the hydrodynamic effect of acoustic and cavitation waves in a mixture of water and graphite on graphite particles with variable frequency. At the same time, there is no grinding of graphite particles, since there are completely no forces of impact and grinding on graphite for processing.
Graphene Star is working closely with one of the top research Universities in the UK in creating these initial graphene batteries. Utilizing Graphene Star’s technology and Green Battery’s graphite the new graphene batteries were created.
About the Berkwood Graphite Project
The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan Regional County Municipality, three hours driving time from the city of Baie-Comeau. Easy access is provided via a major secondary road and numerous tertiary and forest roads that traverse the property.
The Zone 1 deposit lies 8 km southwest of Mason/Nouveau Monde Graphite Inc. (TSX-NOU) graphite deposit which is the subject of a current feasibility study. The Company believes its Zone 1 deposit and that of Mason/Nouveau Monde share many similar geological characteristics with the Zone 1 deposit being one of the highest-grade graphite deposits in the world.
About the Company: Green Battery Minerals is managed by a team with over 150 years of collective experience with a proven track record of not just finding numerous mines but building and operating them as well. The Green Battery Minerals management team’s most recent success is discovering the Berkwood graphite deposit in Northern Québec. Green Battery Minerals owns 100% of this asset and the Company’s shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Disclaimer for Forward-Looking Information:
Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It is important to note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedar.com. 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. Except as required by law, we will not update these forward-looking statement risk factors.
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.
Company Relationship Disclosure
OTB is responsible for the OTB opinions provided in this disclosure except all sources or information provided by other parties were not verified or authenticated and OTB does not undertake to confirm or substantiate or be responsible for such information provided by other parties.
Any Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. We cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. All information should be independently verified. We are not responsible for errors or omissions in our publications, and any opinions expressed are subject to change, without notice. We do not, nor are we under any obligation to undertake due diligence or investigation or authenticate and verify whatsoever regarding Profiled Issuers or any Content posted in relation thereto and we do not receive any verification from the Profiled Issuer regarding the Content we disseminate. Similarly, while we endeavor to facilitate the provision of quality information, we are not responsible for any loss or damages caused or alleged to have been caused by its use nor verify or authenticate or update such information.
This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws