Elcora Advanced Materials Expands scope to include zinc-based cell technologies
October 28 2021 - 07:00AM
ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM
| OTCQB – ECORF), (the "Company" or
"Elcora"), is pleased to announce it has begun a
search for an advanced zinc mining project to enhance both its
mining and energy storage solutions adding additional markets
beyond its graphite-based li-ion technologies.
Elcora’s combination of mining experience and
battery testing capabilities means that it is not limited to
graphite, graphene and Li-ion battery applications. Many
applications remain where Li-ion is not the ideal energy storage
solution. Specifically, problems like thermal runaway and
sensitivity to operating temperature have been mitigated but not
eliminated in Li-ion cell architectures. Further, the cost and
relative rarity of elements like cobalt (used in Li-ion cathodes)
may represent constraints on long-term and widespread adoption.
Li-ion battery chemistries therefore represent a compromise between
power capabilities, energy density, safety, material cost and
availability.
Because of this, Elcora is pleased to
expand in scope to explore materials and applications where
graphite-based li-ion batteries remain insufficient or unappealing.
Zinc-based cell chemistries may hold the promise to resolve
persistent problems associated with Li-ion batteries. To this end,
Elcora is aggressively pursuing the acquisition of an
advanced-stage zinc mining project.
Commented Troy Grant, CEO, “We have spent the
last couple of years researching and developing through the help of
Federal grants and strategic relationships, the processing methods
and specifics for graphite anode powder and graphene conductivity
ideally suited for energy markets. As part of our expanding
goal to become a serious player in the energy space, we do not want
to ignore the importance of zinc in energy storage. We want
to ensure that Elcora is well-positioned to contribute to the
development of increasingly relevant energy storage solutions and
materials, beyond and in addition to graphite-based li-ion
technologies. ”
Advantages of Zinc Storage Cells:
- Zinc-ion anodes are a drop-in replacement to Li-ion anodes with
respect to purifying and manufacturing processes (a Zinc-ion
battery is analogous to a Li-ion battery)
- The electrochemical performance of zinc is particularly well
suited for storing power generated by wind and solar sources (e.g.
voltage window of 2V for aqueous Zinc-ion vs. 1.2V for Li-ion)
- Literature shows rechargeable capacity retention of over 80%
after 1,000 cycles
- Zinc batteries operate normally in “extreme” temperatures.
Costs are saved without the need of for complex thermal management
systems
- Zinc batteries have much lower toxicity than lithium-ion
batteries, and do not suffer from thermal runaway
- Recyclable and ‘refurbish able:’ In zinc batteries, materials
are not permanently lost to parasitic chemical processes in Li-ion
batteries
- For the reasons above, zinc batteries are ideal for microgrid
and grid storage; an area where Li-ion struggles to meet
performance, safety and longevity demands
- “The market price of zinc sits at about $3,000USD a metric ton,
versus US$16,000 for lithium and more than US$80,000 for
cobalt”
About Elcora Advanced Materials Corp.
Elcora was founded in 2011 and has been
structured to become a vertically integrated battery material
company. Elcora can process, refine, and produce both
graphite & graphene as well as other material and
ore. As part of the vertical integration strategy Elcora
has developed a cost-effective process to make high-quality
graphite, graphite products and graphene that are commercially
scalable. This combination means that Elcora has the tools and
resources for graphite and graphene vertical integration.
For further information please visit the
company's website at:
http://www.elcoracorp.com
For further information please contact: Troy
Grant, Director, President & CEO, Elcora Advanced Materials
Corp., T: +1 902 802-8847
CAUTIONARY STATEMENT:
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this
release. 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. No stock Exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein. This News Release includes
certain “forward-looking statements”. All statements other than
statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization
and reserves, exploration results, and future plans and objectives
of Elcora, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause
actual results to differ materially from Elcora’s expectations are
exploration risks detailed herein and from time to time in the
filings made by Elcora with securities regulators.
Investors are cautioned that, except as
disclosed in the filing statement prepared in connection with the
transaction, any information released or received with respect to
the transaction may not be accurate or complete and should not be
relied upon.
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