Green Battery Minerals Creates Lithium-Ion Battery Using ESG-Friendly Graphene Technology and Enters into Memorandum of Understanding with Graphene STAR, a UK Graphene Producer
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2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone:
(604) 343-7740
Email: [email protected]
Website: www.greenbatteryminerals.com
GREEN BATTERY MINERALS CREATES LITHIUM-ION BATTERY USING
ESG-FRIENDLY GRAPHENE TECHNOLOGY AND
ENTERS INTO MEMORANDUM OF UNDERSTANDING WITH GRAPHENE
STAR, A UK GRAPHENE PRODUCER
VANCOUVER, BRITISH COLUMBIA – January 20, 2023 – Green Battery Minerals Inc.
(the "Company") (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is very pleased to
announce that the Company has executed a non -binding arm’s length Memorandum of
Understanding dated January 18, 2023 ("MOU") with a United Kingdom-based
manufacturing company ("GRAPHENE STAR TRADING LTD .") (“ Graphene Star”). The
purpose of this MOU is to work towards a definitive agreement, subject to the prior written
approval of the Exchange. Graphene Star produc es high-quality graphene products and has
successfully taken graphite from Green Battery Minerals' 100 % owned Berkwood graphite
project and created graphene with it. This graphene was then used to create lithium -ion
batteries (“ LIBs”) successfully. Graphene Star has completed initial test work on these
batteries. The Company is very pleased to state that Graphene Star’s unique patented
process has created "ESG friendly" LIBS.
Terms of the MOU for reaching a successfully negotiated definitive binding agreement,
subject to the prior written approval of the Exchange, state the following:
1. Green Battery, through a number of payments, may have the option to buy up to 19%
of Graphene Star.
2. Upon a definitive agreement being reached, any funds invested in Graphene Star may
be used to pay for more testing of the anode material.
3. Upon a definitive agreement being reached, Green Battery may appoint a Director to
the Graphene Stars board at a certain point.
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4. Buy-in payments are subject to milestones being achieved in the battery-making and
testing process.
5. If the terms of the MOU are fully executed in a binding agreement, GEM will have the
option to acquire up to 19% interest in Graphene Star by making gradual earn in
payments of up to £2,000,000.
6. Upon a definitive agreement being reached, Green Battery will provide 100 kg of
92% pure graphite for further testing, which Green Battery currently has in stock.
7. Upon a definitive agreement being reached, Graphene Star will own 100% of all
intellectual property, but GEM will have certain rights.
8. Upon a definitive agreement being reached, Green Battery plans on financing the
terms of this agreement on an as-needed basis through financings and/or the
exercise of warrants.
Progress to date
Graphene Star, Green Battery and a UK university are at the forefront of EV battery
technology. We have taken graphite from Green Battery’s project, purified it, created
graphene from it, developed a graphene anode, and undertaken initial tests at a proof of
concept level to show the possible use s of our graphite in LIB use. (see the picture below of
the first batteries created).
Figure #1 Graphene Lithium Ion coil cell batteries made out of Green Battery graphite
Yingling, President and CEO of Green Battery, states, “I am very pleased to announce that
we have successfully created graphene-containing Lithium-ion Batteries using graphite from
our Berkwood Graphite Quebec property. Graphene- containing LIBs have shown to be far
superior to traditional LIB. I am even more excited that we have discovered a proprietary
technique with Graphene Star whereby we can build these batteries in an entirely
environmentally friendly way without using any chemicals, emissions, pollution or cause
waste. A graphene battery is superior on so many points and is better for the environment.
The battery itself also costs significantly less to create, which can offer huge savings.
We look forward to the potential joint venture with Graphene Star and developing a ne xt-
generation graphene-containing lithium-ion battery.”
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The results from making these first test batteries confirm that Green Batter y’s
graphite has good conductivity and the potential to work in the next generation of
LIBs. Having received these good test results warrants more testing and refining the
purification process to bring this battery technology to a commercial scale.
Graphene Star/Green Battery Advantages
1. 100% of the g raphite comes from a growing North American r eliable and stable
source.
2. The proprietary technology used to convert the graphite to graphene for anode use is
environmentally friendly, with a very low LCA (life cycle assessment) value compared
with comparable sources.
3. No chemicals are used in graphene production using Graphene Star’s technology.
4. Graphene Star’s technology generates zero waste and high production efficiency.
5. As well as environmental benefits, there is substantial cost savings as the process
removes numerous steps and chemicals from the graphite purification process.
The technology that Graphene Star has been working on for LIBs has the potential to offer
significant advantages over current LIBs, including:
1. Higher electrical conductivity/density. Graphene has significantly higher
electrical conductivity than graphite, giving it more stability and allowing for faster-
charging cells that can also deliver very high currents. Graphene offers higher heat
conductivity, so batteries run cooler, prolonging their lifespan even in cramped
cases like smartphones. (A)
2. Lo ng er battery life. A significant increase in the amount of time the battery will hold a
charge. Keeping a charge longer improves the battery's lifespan. Graphene LIBs could
have a service life of four times that of traditional hydrogenated batteries and twice that
of lithium batteries. (D)
3. Faster charging speed. A significant decrease in the time it takes to charge the
battery. (D)
4. Mo re charge cycles. The number of times a battery can charge in its lifetime
increases.
5. Lighter and Smaller. Graphene can make batteries that are lighter and slimmer,
durable and suitable for high-capacity energy storage. The characteristics of
graphene significantly reduce the weight of the battery by up to 50% of a traditional
battery. This decreases the weight of an electric vehicle, thus improving its
efficiency. (A)
6. M ore Power. The power storage capacity is three times that of the best products on
the market. (C)
7. T ravel Longer. An electric car powered by graphene batteries can travel up to
1,000 kilometres, and its charging time is less than 8 minutes. (C)
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8. Lower cost. Lower cost. Graphene Star estimates that manufacturing costs could be
77% lower than lithium batteries. (C)
9. Fi ts into the current LIB Process . This technology is expected to be readily
integrated into existing LIB development and production line processes.
NOTES:
A) https://www.androidauthority.com/graphene-batteries-explained-1070096/
B) https://sg.style.yahoo.com/know-graphene-batteries-electric-cars-081407728.html
C) https://blog.ampow.com/what-is-graphene-and-the-pros-and-cons-of-graphene-
batteries/
D) https://manlybatteries.com/info/advantages-of-graphene-batteries-71037227.html
All these benefits are what electric vehicle car manufacturers look for in a stable, ESG-
friendly, North American-sourced LIB with huge cost savings.
Graphene Star received graphite from the Company's Berkwood Graphite project, located in
Northern Quebec, Canada, to convert it to a graphene anode material to build a graphene
anode LIB. Green Battery and Graphene Star are delighted to announce that not only was the
graphite from the Berkwood project easily purified, but it was easily converted into a
graphene anode and subsequently successfully used to build an initial coin cell LIB. Keeping
with Green Battery's strict ESG platform, we are pleased that these initial battery cell trials
successfully utilized Graphene Star's proprietary techniques. We created these batteries
using an entirely environmentally friendly process without emissions . The proprietary
technology does not use any chemicals in graphene or highly conductive graphite
production, making this new process green, clean, and way more cost -effective than
traditional means.
Graphene Star
Graphene Star has patented a unique way of turning graphite into graphene. They also have
several products on the market that use graphene, including a highly conductive p aint,
infrared heating, and g raphene additive for compounds ( https://graphene-
star.com/graphene-1). G EM owning shares in Graphene Star, will also benefit from these
products.
Benchmark Minerals Intelligence , one of the world’s leading battery element resource
sources, states “the world will need an estimated 97 natural flake graphite mines to meet the
required demand by 2035.”
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Why Graphene Star
• Graphene Star ’s process of converting graphite to graphene increases electrical
conductivity.
• Graphene Star did simple tests to show our graphite was purifiable and had good
conductivity.
• Graphene Star’s technology will also reduce the cost of purifying the graphite and provide a
better ESG footprint.
• The new Graphene Star graphite processing technology is based on the
hydrodynamic effect of acoustic and cavitation waves in a mixture of water and
graphite on graphite particles with variable frequency. At the same time, there is no
grinding of graphite particles since there are no forces of impact and grinding on
graphite for processing.
Graphene Star is working closely with one of the UK's top research universities to
create these initial graphene batteries. The new graphene batteries were created
using Graphene Star’s technology and Green Battery’s graphite.
About the Berkwood Graphite Project
The Berkwood Graphite Project is located within the jurisdiction of Quebec, in the Manicouagan
Regional County Municipality, three hours' driving time from the city of Baie -Comeau. Easy
access is provided via a major secondary road, and numerous tertiary and forest roads traverse the
property.
The Zone 1 deposit lies 8 km southwest of the Mason/Nouveau Monde Graphite Inc. (TSX-NOU)
graphite deposit, which is the subject of a current feasibility study. The Company believes its Zone
1 deposit and that of Mason/Nouveau Monde share many similar geological characteristics, with
the Zone 1 deposit being one of the highest-grade graphite deposits in the world.
About the Company: Green Battery Minerals is managed by a team with over 150 years of the
collective experience and a proven track record of finding numerous mines and building and
operating them. The Green Battery Minerals management team's most recent success is
discovering the Berkwood graphite deposit in Northern Québec. Green Battery Minerals owns
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100% of this asset, and the Company's shareholders will benefit from this asset as the demand for
graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals inc.
“Thomas Yingling”
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
[email protected] www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information:
Certain statements in this document which are not purely historical are forward- looking
statements, including any statements regarding beliefs, plans, expectations or intentions regarding
the future. Forward-looking statements in this news release include that the Company will carry
out the drill program described in this news release, conduct the Offering and expend funds on
Berkwood Graphite Project exploration. It is important to note that the Company's actual business
outcomes and exploration r esults could differ materially from those in such forward- looking
statements. Risks and uncertainties include that further permits may not be granted timely or at
all; the mineral claims may prove to be unworthy of further expenditure; there may not be an
economic mineral resource; methods we thought would be effective may not prove to be in practice
or on our claims; economic, competitive, governmental, environmental and technological factors
may affect the Company's operations, markets, products and prices; our specific plans and timing
drilling, fieldwork and other plans may change; we may not have access to or be able to develop
any minerals because of cost factors, type of terrain, or availability of equipment and technology;
and we may also not raise s ufficient funds to carry out our plans. Additional risk factors are
discussed in the section entitled "Risk Factors" in the Company's Management Discussion and
Analysis for its recently completed fiscal period, which is available under Company's SEDAR
profile at www.sedar.com. No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what benefits the Company will obtain
from them. These forward-looking statements reflect management's cur rent views and are based
on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as
required by law, we will not update these forward-looking statement risk factors.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of
this release.