Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Zen Graphene Solutions (TSXV: ZEN) announced that it has started to engineer studies on processes for the manufacturing of products based on its trademarked Albany Pure Graphene.
According to Zen, the priority is to increase graphene production at its development facility in the city of Guelph, Ontario, in anticipation of future demand.
Zen said its research and engineering team will also be developing and testing custom functionalized graphene formulations as requested by industrial collaborators
“Zen’s graphene products will now all have the Albany Pure seal of authenticity which represents that the material was sourced from unique Albany graphite and meets the company’s high-quality standards,” the Thunder Bay-based company said in a media statement.
Albany is a microcrystalline deposit located in northeastern Ontario. The mine produces low-cost, environmentally-friendly graphene.
Zen said that it will also commission a recently purchased purification autoclave to commence the production of high-purity graphene precursor material.
In terms of its response to the covid-19 pandemic, the firm said it has reviewed operational expenses and eliminated non-core expenditures to ensure that scaled-up graphene production can move forward while management remains focused on developing industrial partnerships.
