Black Swan Graphene (TSX-V:SWAN) Inc announced it has launched a scoping study in partnership with engineering firm Halyard Inc.
The large-scale production engineering study will provide an initial evaluation of the project, including processing plant specifications as well as mechanical, civil, structural, and electrical designs, Black Swan said in a statement.
The facility will be based in the province of Quebec.
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"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,” COO Michael Edwards said in a statement.
In addition to designs, the study will estimate capital and operating cost for the facility.
Black Swan told investors that it plans 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.
The company noted that Halyard is a carbon neutral engineering firm typically serving the mineral processing, material handling, infrastructure, and water treatment industries that delivers “innovative and sustainable” engineering designs.
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, lithium-ion batteries, and others, which are expected to require large volumes of graphene.
Shares of Black Swan added 5.3% in morning trading in Toronto.
Contact Angela at angela@proactiveinvestors.com
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