Eagle Graphite and University of British Columbia Partner on Lithium-ion Battery Research Project
March 03 2021 - 2:59PM
The Government of British Columbia and Eagle Graphite (TSX
VENTURE:EGA) ("Eagle") are pleased to confirm release of the first
tranche of grant funding in support of a 2-year program to develop
and commercialize silicon-modified battery anodes made with
graphite from Eagle's Black Crystal graphite quarry and plant in
Valhalla, British Columbia.
Highlights:
- Eagle is
partnering with the University of British Columbia to research next
generation graphite anodes for lithium-ion batteries with superior
performance.
- Grant funding of
$290,000 for the project was announced in 2019; the start of the
project was delayed and held over in light of COVID-19
restrictions.
- The first
tranche of grant funding has been released, and the project
partners have agreed to the resumption of the 2-year project.
In 2019, the Government of British Columbia,
through the CleanBC Go Electric Advanced Research and
Commercialization ("ARC") program, selected Eagle for a grant of
$290,000. The official government announcement can be found at
news.gov.bc.ca/releases/2019EMPR0021-001214.
The University of British Columbia's ("UBC")
Advanced Materials for Energy Storage Lab, under the leadership of
Dr. Jian Liu, is the project's research lead during the initial
stages. The project aims to establish baseline performance of
battery anode graphite from Eagle Graphite's plant and quarry near
the cities of Castlegar and Nelson, British Columbia. Further
improvements to the formulation, incorporating silicon into the
anode, will be tested, and if successful, advanced for
commercialization.
Dr. Jian Liu comments, “We are excited to
partner with B.C. local industry to advance research into
high-capacity graphite-based anodes for high-performance
lithium-ion batteries for electric vehicles. This project is
significant to build understanding about the characteristics of
critical battery material that could lead to a supply chain in B.C.
and promote the adoption of electric vehicles in Canada.”
Eagle Graphite CEO Jamie Deith comments, "We
welcome 2021 with renewed excitement and optimism. Global adoption
of new, more sustainable energy systems is intensifying, and
superior materials for tomorrow's batteries will play an enormous
role in that transformation. We anticipate exponential growth in
global demand for battery graphite to continue for many years,
especially for graphite formulations yielding superior
performance."
“Through CleanBC, we’re supporting innovative
companies like Eagle Graphite that help B.C. transition to a clean
energy future,” said Bruce Ralston, Minister of Energy, Mines and
Low Carbon Innovation. “Developing new BC-based, world-leading
technologies will attract investment and create jobs and
opportunities for British Columbians.”
About the Advanced Materials for Energy Storage Lab at
the University of British Columbia
Dr. Jian Liu, Assistant Professor and Tier 2
Principal’s Research Chair in Energy Storage Technologies in the
School of Engineering at UBC Okanagan, is leading a research group
focused on advanced nanofabrication techniques, materials design
for Li-ion batteries and beyond, and interfacial control and
phenomena understanding in complex energy storage systems.
About ARC BC
The ARC program in British Columbia (B.C.) is a
fundamental part of the Province’s CleanBC Go Electric
Program, designed to support the development of companies operating
in the zero-emission vehicle (ZEV) sector, and to encourage
international investment in the ZEV sector in B.C. The ARC program
provides support to B.C. companies to invest in product development
and commercialization activities through to long-term demonstration
projects.
Additional information about the ARC program can
be found at https://arcbc.ca/about/.
About Eagle Graphite
Eagle Graphite owns the only natural flake
graphite facility in western North America that is constructed and
permitted for production. The Black Crystal quarry and plant are
located 35 kilometres west of the city of Nelson in British
Columbia, Canada, 70 kilometres north of the state of Washington,
USA. The Company's shares are listed on the TSXV under the symbol
"EGA".
Cautionary Statements
Disclosure Regarding Forward-Looking Statements:
This release contains certain "forward-looking information" within
the meaning of applicable securities legislation. Such information
is based on assumptions, estimates, opinions and analysis made by
management in light of its experience, current conditions and its
expectations of future developments as well as other factors which
it believes to be reasonable and relevant. Forward-looking
information involves known and unknown risks, uncertainties and
other factors that may cause our actual results to differ
materially from those expressed or implied in the forward-looking
information and accordingly, readers should not place undue
reliance on such information. Although the Company believes, in
light of the experience of its officers and directors, current
conditions and expected future developments and other factors that
have been considered appropriate, that the expectations reflected
in this forward-looking information are reasonable, undue reliance
should not be placed on them because the Company can give no
assurance that they will prove to be correct. In evaluating
forward-looking information, readers should carefully consider the
various factors which could cause actual results or events to
differ materially from those expressed or implied in the
forward-looking information. The statements in this release are
made as of the date of this release. The Company undertakes no
obligation to comment on analyses, expectations or statements made
by third parties in respect of the Company or its securities, its
financial or operating results, as applicable.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
For More Information
Eagle Graphite IncorporatedJamie Deith,
CEO(604) 909-4237jdeith@eaglegraphite.com
CleanBC Go Electric Advanced Research and
Commercializationadmin@arcbc.ca www.arcbc.ca CleanBC Go
Electric Programsgov.bc.ca/zeroemissionvehicles
ZEVPrograms@gov.bc.ca
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