TORONTO, Nov. 21,
2022 /CNW/ - Black Swan Graphene Inc. ("Black Swan"
or the "Company") (TSXV: SWAN) (OTCQB:
BSWGF) is pleased to announce the launch of an initial large
scale production engineering study (the "Scoping Study") in
partnership with Halyard Inc., a Toronto based Engineering firm
("Halyard").
The Scoping Study will provide an initial evaluation of the
project, including processing plant specifications as well as
mechanical, civil, structural, and electrical designs. Capital and
operating cost estimates will also be established and fed into a
financial analysis for Black Swan's contemplated large scale
production facility in Quebec,
Canada, where the Company aims to leverage the province's
low-cost renewable hydroelectricity as well as the emergence of a
world class graphite industry as a raw material source.
Michael Edwards, Chief Operating
Officer of Black Swan, commented: "This marks an important step for
Black Swan as we transition toward a much larger production scale
of our graphene products and look to service volume driven sectors,
notably the concrete and polymer industries."
Halyard Inc.
Halyard is a Toronto based,
carbon neutral engineering firm typically serving the mineral
processing, material handling, infrastructure, and water treatment
industries. The firm provides depth of personnel, including
multidisciplinary engineers, project managers, designers, and
project support experts to deliver innovative and sustainable
engineering designs.
Halyard's key qualifications include depth of expertise with
significant experience producing all levels of studies and
executing both greenfield and complex brownfield projects; the
ability to deliver fast-track execution schedules with a
significant and successful record of project delivery; an extensive
small scale and fast track modular plant design and implementation;
as well as a strong commitment to environmental sustainability and
prioritization of effective low-impact solutions.
About Black Swan Graphene
Inc.
Black Swan Graphene Inc. is focused on the large-scale
production and commercialization of patented high-performance and
low-cost graphene products aimed at several industrial sectors,
including concrete, polymers, Li-ion batteries, and others, which
are expected to require large volumes of graphene. Black Swan aims
to leverage the low cost and green hydroelectricity of the province
of Québec as well as the proximity of the eventual graphite
production sites of the province in order to establish a fully
integrated supply chain, reduce overall costs, and accelerate the
deployment of graphene usage. Black Swan's graphene processing
technology was developed by Thomas
Swan & Co. Ltd ("Thomas Swan") over the last decade.
Thomas Swan is a United Kingdom-based global chemicals
manufacturer, with a century-long track record and has been at the
forefront of graphene innovation.
For more information, please visit:
www.blackswangraphene.com
Black Swan Graphene Inc. on behalf of the Board of
Directors
Simon Marcotte, CFA, President
& Chief Executive Office
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking
Information
The information contained herein contains "forward-looking
statements" within the meaning of applicable securities
legislation. Forward-looking statements relate to information that
is based on assumptions of management, forecasts of future results,
and estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not
statements of historical fact and may be "forward-looking
statements." Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements,
including, without limitation: risks related to the TSXV listing,
risk related to the failure to obtain adequate financing on a
timely basis and on acceptable terms; risks related to the outcome
of legal proceedings; political and regulatory risks associated
with the industry; risks related to the maintenance of stock
exchange listings; risks related to environmental regulation and
liability; the potential for delays in development activities or
the completion of feasibility studies; the uncertainty of
profitability; risks related to the inherent uncertainty of
production and cost estimates and the potential for unexpected
costs and expenses; results of a scoping and feasibility studies,
and the possibility that future results will not be consistent with
the Company's expectations; risks related to commodity prices
fluctuations; and other risks and uncertainties related to the
Company's prospects, properties and business detailed elsewhere in
the Company's disclosure record. Should one or more of these risks
and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
described in forward-looking statements. Investors are cautioned
against attributing undue certainty to forward-looking statements.
These forward-looking statements are made as of the date hereof and
the Company does not assume any obligation to update or revise them
to reflect new events or circumstances, except in accordance with
applicable securities laws. Actual events or results could differ
materially from the Company's expectations or projections.
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SOURCE Black Swan Graphene Inc