TORONTO, March 2,
2023 /CNW/ - Black Swan Graphene Inc. ("Black Swan"
or the "Company") (TSXV: SWAN) (OTCQB: BSWGF) (Frankfurt: R96)
is pleased to announce the initiation of a green house gas (GHG)
modeling, decarbonization, and net zero strategy project in
partnership with Synergy Enterprises, a firm specializing in
greenhouse gas accounting and decarbonization, based in
Victoria, British Columbia
("Synergy").
As a company that produces a material with potential to
decarbonize different sectors of the global economy, notably the
concrete and polymers industries, strong environmental, social and
governance (ESG) and net zero commitments will naturally be core
elements of Black Swan Graphene's positioning. Synergy will model
the baseline green house gas emissions of Black Swan's phased
development plan in conjunction with the Company's scoping study
announced on November 21, 2022. Based
on this model, Synergy will also create a decarbonization strategy
to bring the company to net zero emissions by 2030. This strategy
will include GHG reduction targets, and will identify key sources
of emissions to reduce, technology and operational initiatives to
achieve reductions, and key performance indicators to monitor.
Lastly, Synergy will develop an external ESG strategy for use in
stakeholder communications.
Michael Edwards, Chief Operating
Officer of Black Swan, commented: "We are pleased to engage with
Synergy and be able to leverage their ability to combine our
sustainability aspirations with a business centered approach."
Synergy Enterprises
Synergy Enterprises ("Synergy") is a corporate sustainability
management based in Victoria, BC
firm specializing in greenhouse gas accounting, decarbonization
strategies and clean technology adoption. As a certified B Corp,
Synergy believes that businesses have both a responsibility and an
opportunity to lead the climate action movement and champion a
better way of doing business that leads to long term value creation
for all stakeholders. Synergy's full-service programs help
organizations measure their impact, set greenhouse gas (GHG)
reduction targets, engage stakeholders, implement solutions, offset
emissions, and communicate results.
Corporate Matters
Black Swan has entered into a 6-month marketing and consulting
contract with Toronto based
marketing firm, Outside The Box Capital Inc. ("Outside The Box").
Outside The Box specializes in various social media platforms and
will be able to facilitate greater awareness and widespread
dissemination of the Company's news. Outside The Box operates under
the direction of Mr. Jason Coles,
Chief Executive Officer. The Company will pay $100,000 to Outside The Box, which does not
currently own any shares of the Company.
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