OCMillionaire Member Level Sunday, 01/17/21 02:10:13 PM
Re: Willymon post# 37854 0
Post #
37890
of 37902
Saint John News update
December 14, 2020, Oakville, ON, Canada – Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL)
announces that it plans to vacate its current location at 768 Westgate in Oakville, Ontario by December 31
st
, 2020
and is currently searching for a much larger, new building for its future Carbon Science Research Centre (the
“CSRC”). The Company intends to include a pilot plant in the CSRC to develop processes to prepare battery
anodes for customers as well as development of full-scale air-classifiers for the mining industry. In addition, Saint
Jean plans to advance the development of its other technologies with its research partners at the new CSRC. A
further announcement regarding the Company’s final location is expected to be released in Q1 2021.
The Company anticipates that AMECA Ltd. (“AMECA”) will be its first customer for process development at the
new CSRC. AMECA is developing a high quality large flake graphite deposit in Sri Lanka and is currently
constructing a mine and related infrastructure. Saint Jean previously announced on November 18, 2020 an updated
offtake agreement which intends to sell up to 15,000 tonnes of finished graphite from AMECA’s mine. These
synergies are anticipated to enable Saint Jean to develop and supply battery anodes for new customers.
CEOs Message
Under my leadership, Saint Jean Carbon will continue to transition into an
industry leading carbon sciences company. Our products and services which have
traditionally catered to the mining industry will continue to expand into new
product offerings involving carbon engineering which will be unique to Canada.
We now have a significant offtake agreement with Ameca Ltd, which we believe
will greatly impact our earnings multiple moving forward.
Several years ago, we completed a state-of-the-art pilot plant for research and
development in Oakville, Ontario. We have now tested production methods to
prove the efficiency of client’s processes, including Ameca Ltd, to produce not
only high-grade graphite, but also spherically shaped graphite. Our pilot plant is
capable of developing the processes to make battery anodes for our customers to
scale up into production. We will continue to expand the capabilities of this
operation in the future.
Our collaborative research with several academic partners will continue to find
innovative uses for graphene produced from our graphite.
On behalf of all our present and future shareholders, I would like to invite you to
stay in touch with our new team and witness the developments in the exciting
future of graphite and graphene.
William (Bill) Pfaffenberger
CEO
