Graphano Engages SGS Canada for Metallurgical Testing
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Graphano Engages SGS Canada for Metallurgical Testing
Vancouver, BC, August 2 3, 2023: Graphano Energy Ltd. (the “Company” or “ Graphano”) (TSX-
V:GEL; OTCQB:GELEF; FSE:97G0) is pleased to announce it has engaged SGS Canada Inc. (“SGS”) of
Quebec City, Quebec, to carry out metallurgical testing.
Sample materials will be collected from drill core obtained from several zones at the Company’s Lac Aux
Bouleaux (“LAB”) project and Standard historical mine project. Samples from each zone will be tested
separately and a master composite that mimics a potential mill feed will also be tested. This metallurgical
program is the first phase in the development of a flowsheet for the production of graphite anode material
for batteries that are used in electric vehicles and other industrial applications. Results will be used in the
preliminary economic assessment planned for 2024.
SGS is a recognized world leader in graphite processing and analysis and will evaluate the graphite and
produce concentrate grading more than 93% Cg, as required for industrial applications. The production of
a high graphite grade floatation concentrate is essential for the development of a metallurgical process for
the production of advanced graphite materials such as graphene and anode grade graphite.
“The development of a metallurgical flowsheet is essential for the establishment of economic production
from our multiple deposits. We look forward to entering this phase of the pro ject development that is an
essential step for economic assessment . In addition to the fast-growing demand for graphite in EV
applications, there are many industrial uses for graphite that will offer other commercial opportunities for
the Company. It is therefore critical for Graphano to develop an optimal metallurgical flowsheet,” said Dr.
Luisa Moreno, President and CEO of Graphano.
About SGS
SGS is a world leading testing, inspection and certification company , and it is recognized as the global
benchmark for laboratory quality. With more than 96,000 employees globally, SGS operates a network of
over 2,700 offices and laboratories around the world.
Qualified Person
The scientific technical content disclosed in this press release was reviewed and approved by Roger Dahn,
B.Sc., P.Geo., Director of the Company and a “Qualified Person” as defined in National Instrument 43-101
– Standards of Disclosure for Mineral Projects , who has provided the technical information in this press
release, and by Mr. Martin Ethier, Géo (#1520), who is a M ember of the Order of Geologists of Québec
and also a “Qualified Person” under NI 43-101.
About Graphano Energy
Graphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring
and developing energy metals resources from exploration to production.
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Graphite is one of the most in -demand technology minerals that is required for a green and sustainable
world. The Company’s Lac Aux Bouleaux property, situated adjacent to Canada’s only producing graphite
mine, in Quebec, Canada, has historically been an active area for natural graphite. With the demand for
graphite growing in some of the most prominent and cutting -edge industries, such as lithium batteries in
electric cars and other energy storage technologies, the Company is developing its project to meet the
demands of the future.
ON BEHALF OF THE BOARD OF DIRECTORS
Luisa Moreno
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain “forward -looking information” and “forward -looking statements”
(collectively “forward-looking statements”) within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, are forward-looking
statements. Forward -looking statements are frequently, but not always, identified by words such as
“expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “poss ible”, and similar
expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur
or be achieved. Forward -looking statements in this news release relate to, among other things, future
metallurgical testing and the results thereof, and the preliminary economic assessment planned for 2024.
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. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements are made and are based upon a number of
assumptions and estimates that, while considered reasonable by Graphano, are inherently subject to
significant business, economic, competitive, politica l and social uncertainties and contingencies. Many
factors, both known and unknown, could cause actual results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions and estimates based on or related to
many of these factors. Such factors include, without limitation, risks associated with possible accidents and
other risks associated with mineral exp loration operations, the risk that the Company will encounter
unanticipated geological factors, risks associated with the interpretation of exploration results, the
possibility that the Company may not be able to secure permitting and other governmental cl earances
necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise
sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal
changes that might interfere with the Company's business and prospects. These risks, as well as others, are
disclosed within the Company's filing on SEDAR+ at www.sedarplus.ca, the Canadian Securities
Administrators' national system that all market participants use for filings and disclosure, which investors
are encouraged to review prior to any transaction involving the securities of the Company. Readers should
not place undue reliance on the forward-looking statements and information contained in this news release
concerning these items. Graphano does not assume any obligation to update the forward -looking
statements of beliefs, opinions, projections, or other factors, should they change, except as required by
applicable securities laws.