Ortech announced that it was contracted by Caribou King (a Canadian miner company) to develop and test a process to produce graphene from high-grade graphite. Ortech has years of experience in the graphite industry and the company says they have technical expertise in developing metallurgical solutions for high purity mineral products and nanomaterials.
Ortech will be paid $120,000 (CAD) for a preliminary research and a first phase bench test of the process. Caribou may then proceed to the second phase bench test of the process and this will cost an additional $250,000. If all goes well, Ortech offers to construct a pilot plant to test the process for $2.5 million. If the plans go well, Caribou will own 49.0% of the technology underlying the process.