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GlobeNewswire

Eagle Graphite and College of British Columbia staff up on lithium-ion battery analysis undertaking

VALHALLA, British Columbia, March 3, 2021 (GLOBE NEWSWIRE) – The Authorities of British Columbia and Eagle Graphite (TSX VENTURE: EGA) (“Eagle”) are happy to substantiate the discharge of the primary tranche of funding to the Help for a 2-year program to develop and commercialize silicon modified battery anodes fabricated with graphite from the Eagle’s Black Crystal graphite quarry and plant in Valhalla, British Columbia. Highlights: Eagle is working in partnership with the College of British Columbia to analysis next-generation graphite anodes for lithium-ion batteries with superior efficiency. $ 290,000 funding for the undertaking introduced in 2019; the beginning of the undertaking was delayed and postponed as a result of COVID-19 restrictions. The primary tranche of the grant has been launched and the undertaking companions have accepted the resumption of the 2-year undertaking. In 2019, the Authorities of British Columbia, by way of the CleanBC Go Electrical Superior Analysis and Commercialization (“ARC”) program, chosen Eagle for a grant of $ 290,000. The official authorities announcement might be discovered at information.gov.bc.ca/releases/2019EMPR0021-001214. The Superior Supplies for Vitality Storage laboratory on the College of British Columbia (“UBC”), beneath the route of Dr. Jian Liu, is answerable for the analysis of the undertaking throughout the preliminary phases. The undertaking goals to determine the baseline efficiency of battery anode graphite on the Eagle Graphite plant and quarry close to the cities of Castlegar and Nelson, British Columbia. Additional formulation enhancements, incorporating silicon into the anode, will probably be examined and, if profitable, dropped at market. Dr Jian Liu feedback, “We’re delighted to companion with native trade in British Columbia to advance analysis on excessive capability graphite-based anodes for top efficiency lithium-ion batteries for electrical automobiles. This undertaking is vital to raised perceive the traits of crucial battery supplies that might result in a provide chain in British Columbia and promote the adoption of electrical automobiles in Canada. Jamie Deith, CEO of Eagle Graphite, stated: “We welcome 2021 with renewed enthusiasm and optimism. International adoption of recent, extra sustainable power programs is intensifying and superior supplies for the batteries of tomorrow will play a task. big on this transformation. We anticipate exponential progress globally. The demand for battery graphite will proceed for a few years to come back, particularly for graphite formulations with superior efficiency. “” By way of CleanBC, we’re supporting modern firms like Eagle Graphite which can be serving to British Columbia transition to a clear power future, ”stated Bruce Ralston, Minister of Vitality, Mines and Low Carbon Innovation. “The event of recent cutting-edge applied sciences in British Columbia will appeal to funding and create jobs and alternatives for British Columbians. In regards to the Superior Supplies for Vitality Storage Laboratory on the College of British Columbia Dr. Jian Liu, Assistant Professor and Tier 2 Senior Analysis Chair in Vitality Storage Applied sciences on the Faculty of Engineering at UBC Okanagan, leads a analysis group targeted on superior nanofabrication strategies, materials design for Li-ion batteries and past, and interfacial management and understanding of phenomena in advanced storage programs of power. About ARC BC The ARC program in British Columbia (BC) is a foundational part of the province’s CleanBC Go Electrical program, designed to help the event of companies working within the zero-emission automobile sector ( ZEV) and to Encourage Worldwide Funding within the ZEV Sector in British Columbia The ARC program helps firms in British Columbia put money into product improvement and commercialization actions as much as long-term demonstration initiatives. Further info on the ARC program is accessible at https://arcbc.ca/about/. About Eagle Graphite Eagle Graphite has the one pure flake graphite facility in western North America that’s constructed and licensed for manufacturing. The Black Crystal quarry and manufacturing unit are positioned 35 kilometers west of the city of Nelson in British Columbia, Canada, 70 kilometers north of Washington State, United States. The Firm’s shares are listed on the TSXV beneath the image “EGA”. Cautionary Statements Disclosure Relating to Ahead-Wanting Statements: This press launch incorporates sure “forward-looking info” inside the which means of relevant securities legal guidelines. This info is predicated on assumptions, estimates, opinions and analyzes made by administration in gentle of its expertise, present circumstances and its expectations concerning future developments in addition to different elements that it considers cheap and related. Ahead-looking info includes recognized and unknown dangers, uncertainties and different elements which will trigger our precise outcomes to vary materially from these expressed or implied within the forward-looking info and, due to this fact, readers shouldn’t place undue reliance on to this info. Though the Firm believes, in gentle of the expertise of its officers and administrators, the present state of affairs and anticipated future developments and different elements thought-about applicable, that the expectations mirrored in such forward-looking info are cheap, it shouldn’t be not belief unduly. on them as a result of the Firm can not give any assurance that they are going to show to be right. In evaluating forward-looking info, readers ought to fastidiously take into account the assorted elements that might trigger precise outcomes or occasions to vary materially from these expressed or implied within the forward-looking info. The statements contained on this press launch are made as of the date of this press launch. The Firm assumes no obligation to touch upon analyzes, expectations or statements made by third events with respect to the Firm or its securities, its monetary or operational outcomes, because the case could also be. Neither TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of TSXV) accepts accountability for the adequacy or accuracy of this launch. For extra info Eagle Graphite Integrated Jamie Deith, CEO (604) [email protected] CleanBC Go Electrical Superior Analysis and [email protected] www.arcbc.ca CleanBC Applications Go Electricgov.bc.ca/zeroemissionvehicles ZEVPrograms @ gov.bc. California



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