Caribou & Ortech to Jointly Develop Vertically Integrated Graphene Business Opportunities
17 3월 2014 - 7:12PM
Marketwired
Caribou & Ortech to Jointly Develop Vertically Integrated
Graphene Business Opportunities
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 17, 2014) -
CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company")
(TSX-VENTURE:CKR) (FRANKFURT:CB8) is pleased to announce that it
has retained Process Research Ortech Inc. ("Ortech") to jointly
develop technologies related to the production of commercial
quality and economic graphene product.
Caribou's current mineral interest portfolio consists of seven
graphite properties located in Ontario and Quebec. Included in the
portfolio, and rationale for commencing development of a graphene
technology, are the Montpellier and TAC property.
The Montpellier graphite property is located approximately 67
kilometres north-northeast of Ottawa, Ont. The property hosts
graphite mineralization with historical drilling results previously
discussed in the Company's news release dated December 12,
2013.
The TAC property is located in the Mousseau Township region of
Quebec. Historical drilling results have previously been discussed
in the Company's news release dated February 25, 2013 and new
graphite discoveries at TAC discussed October 3, 2013.
After consultation with its technical advisors, management of
Caribou has decided to further explore the potential development of
graphene from graphite, such that it will have a vertically
integrated supply chain for any potential graphite that may be
produced from its properties.
Dr V.I Lakshmanan of Ortech states "graphene is a monolayer of
carbon atoms that are tightly packed into a two dimensional
hexagonal honeycomb lattice. Our years of experience in the
graphite space, combined with our technical expertise in developing
metallurgical solutions for high purity mineral products and
nanomaterials, is now working together with Caribou King with its
stable of graphite projects should lead to new graphene processing
technologies and potentially new applications for graphene.
Graphene has immense potential for applications in next generation
of electronic materials."
Under the joint development arrangement, Ortech will develop and
test a process to develop graphene from high-grade graphite. Ortech
will complete preliminary research and a first phase bench test of
the process in consideration for $120,000, to be paid by Caribou
within 60 days (alternatively, if Caribou does not wish to proceed
with the test, it can terminate the arrangement for a fee of
$25,000). If warranted, Ortech will: (a) complete a second phase
bench test of the process in consideration of an additional
$250,000; and (b) construct a pilot plant to test the process for
$2.5 million, at which stage Caribou will own 49.0% of the
technology underlying the process. Further, after six consecutive
months of operation of such pilot plant, Caribou should desire to
purchase Ortech's interest in the technology (such that Caribou
would be the sole owner of the technology), Caribou has the option,
but not the requirement, to purchase such interest for $15 million,
for a period of three months.
Mike England states "Graphene promises to overtake the demand of
all current nanomaterials, especially in electronics and energy
storage applications. Graphene is also seeing demand in aerospace,
automotive, coatings and paints, communications, sensors, solar,
oil and lubricants. The unprecedented thermal and chemical
properties, as well as the stability of graphene chemically, make
it an implicitly disruptive technology for energy and electronic
utilization. Our excellent stable of graphite projects will allow
Caribou to become a vertically integrated graphite-graphene company
with the help of Ortech."
The joint development agreement is subject to standard
conditions, including the receipt of all necessary approvals.
About Ortech
Formed in 1928 as Ontario Research Foundation (ORF), Process
Research Ortech was privatized in 1999, and now in its 14th year of
operation. Ortech is committed to Sustainable Development through
innovation for energy and process industries.
Ortech has a world class service facility with its laboratory
and pilot plant offers services on technology development,
technology transfer, pre-commercialization trials, engineering
assistance, market evaluation and development, sustainable
development and process mineralogy.
Recognizing the need for sustainable development for these
industries Ortech has expanded to offer its clients process
technologies for economic advantage, environmental stewardship and
societal care.
For more information, visit the website at
www.caribouking.com.
ON BEHALF OF THE BOARD
Michael England, CEO, Caribou King Resources Ltd.
Neither the 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.
Caribou King Resources Ltd.Michael EnglandCEO1-604-683-3995 or
Toll Free: 1-888-945-4770www.caribouking.com
Caribou King Resources Ltd. (TSXV:CKR)
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