TORONTO, May 24, 2023
/CNW/ - Black Swan Graphene Inc. ("Black Swan") (or the
"Company") (TSXV: SWAN) (OTCQB: BSWGF) (Frankfurt: R96) is
pleased to provide an update on the industrial park concrete pour
discussed in the Company's press release dated May 8th, 2023, and to discuss
Toronto's recently announced
initiative regarding limits on carbon emission for new buildings.
Lastly, Black Swan anticipates sharing updates on recent progress
achieved in collaboration with key customers actively engaged for
polymer applications.
A shipment of product to Nationwide Engineering Research &
Development ("NERD") was made earlier this month and is
being used in a total of 180 tonnes of concrete using Concretene,
NERD's graphene-enhanced admixture, for the construction of an
industrial park near Redruth, Southwest
England (see pictures below). This industrial park
will offer 14 industrial units ranging from 2,500 and 3,500 sq ft,
with the graphene-enhanced concrete being used for all external
concrete aprons. The pour of 82.5 cubic meters was done with
reinforced concrete designed to achieve a compressive strength of
40 to 50 megapascals (MPa) after curing, using the standard "CEM1"
cementitious mix commonly used in construction.
Toronto's Building Carbon Initiative
In May 2023, Toronto, the fourth largest city in
North America after Mexico City, New
York and Los Angeles,
became the first North American jurisdiction to require
lower-carbon construction materials, limiting embodied carbon from
new municipal building construction. New "City-owned" buildings
must now limit upfront embodied emission intensity (emissions
associated with manufacturing, transporting, and constructing major
structural and envelope systems) to below 350 kilograms of
CO2-equivalent per square metre of construction.1 For
"non-city" buildings, this requirement is a tier 2 requirement,
meaning optional, in the latest version of the Toronto Green
Standard ("TGS"), but private developers should take note as
tier 2 measures usually transition into tier 1, meaning they become
mandatory requirements, when the next version of the TGS is
implemented and the tiers are adjusted accordingly.2
Simon Marcotte, President and
Chief Executive Officer of Black Swan, commented: "Similar
standards initiated in California
played a pivotal role in sparking the electric vehicle revolution.
With the concrete industry being responsible for more than
8%3 of global CO2 emissions, it is only a matter of time
before similar building codes continue to spread across the globe.
This shift necessitates practical solutions which we can provide.
Black Swan is part of a recently established fully integrated
supply chain, including NERD and ARUP, a multinational engineering
consultancy headquartered in London,
United Kingdom, with 18,000 experts working across 140
countries, to provide turnkey solutions to the construction
industry."
______________________________
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1
https://www.theenergymix.com/2023/05/14/toronto-limits-embodied-carbon-in-new-city-buildings/
|
2
https://mantledev.com/insights/toronto-becomes-first-jurisdiction-in-north-america-to-enact-whole-building-embodied-carbon-caps-on-new-city-owned-buildings/
|
3
https://www.bbc.com/news/science-environment-46455844
|
Corporate Matter
Black Swan announces the appointment of Ms. Deena Siblock as Corporate Secretary of the
Company. Simon Marcotte commented:
"One behalf of everyone at the Company, I would like to wish a warm
welcome to Deena. I had the privilege to work with Deena at Arena
Minerals Inc., which was recently acquired by Lithium Americas
Corp., and I have seen firsthand her commitment to excellence. She
will be a great asset to the Company."
About Black Swan Graphene
Inc.
Black Swan 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 province's emerging graphite
industry in order to establish an integrated supply chain, reduce
overall costs, and accelerate the deployment of graphene usage. On
March 27, 2023, Black Swan,
Nationwide Engineering Research and Development Ltd.
("NERD") and Arup Group Limited ("Arup") announced
strategic partnerships, establishing a fully integrated supply
chain and providing a turnkey solution for the construction and
concrete industries. Arup is a multinational engineering
consultancy headquartered in London,
United Kingdom, with 18,000 experts working across 140
countries. 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 Officer
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. Furthermore, performance
results of graphene products as additives can vary widely depending
on type and the specificity of the target material, the specifics
of the graphene product itself, including but not limited to,
carbon purity, particle size, surface agent, dispersion behavior,
and application and usage methods. Investors are cautioned against
attributing undue certainty to forward-looking statements and
initial test results. These forward-looking statements and test
results 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