ZEN Graphene Solutions, formerly called Zenyatta Ventures, is a mineral exploration and development company based in Ontario, Canada. Zen is developing the Albany Graphite Deposit – a rare hydrothermal graphite deposit with the potential to produce a natural, high-purity graphite that may compete in high-technology markets traditionally reserved for synthetic graphite.
The company's high crystallinity graphite can be upgraded without the use of aggressive acid (HF) or high temperature thermal treatment. Zen has developed an environmentally friendly metallurgical process flowsheet that consists of grinding, flotation and caustic treatment using sodium hydroxide. The company states that it has been able to achieve an extraordinary carbon purity result of >99.9 percent in bench-scale tests, using this proprietary and environmentally friendly purification process.
According to the Zen, current end uses for its graphene materials include composites (concrete, rubber and plastics), energy storage and environmental applications but many more are under development.
The latest ZEN Graphene news:
The graphene industry seems to be flourishing, at least when looking at the valuations of public companies. As we reported earlier this year, graphene stocks have risen nicely towards the end of 2020, and the trend continues in 2021 for most companies.
The total market value of graphene companies now reaches $1.8 billion USD for the 13 leading graphene public companies we track. It is important to note that not all this value is directly related to graphene - some of the companies have other activities, mainly graphite mining and supply. But for all these companies, graphene is a major part of the business, and most of the companies are pure-play graphene companies.
ZEN Graphene Solutions has announced that it has developed a stable diesel fuel additive, which increased the performance of diesel fuel by up to 10% in initial testing. Zen stated that these promising early results can be improved further through additional optimization work. ZEN has filed a provisional patent for this graphene-based fuel additive technology.
Greg Fenton, ZEN CEO commented: “Energy and fuel are crucial to global economic prosperity, but also represent our biggest challenge from an environmental standpoint. With global market estimates for diesel fuel alone near $1 trillion, the size of the challenge to reduce emissions from this level of demand is massive, but so is the opportunity for novel solutions to help us be more efficient in our usage. Global challenges of this magnitude require a number of solutions – and as a developer of nanotechnologies that help protect people and the environment – we are excited to contribute with technology that is easily delivered into fuels to improve efficiency and create value for our shareholders in the process.”
ZEN Graphene Solutions has announced that it completed its previously announced non-brokered private placement for aggregate gross proceeds of CAD$4,337,998 (around USD$3.46 million).
ZEN intends to use the net proceeds to fund capital expenditures and operating expenses at Guelph locations supporting the scale-up and production of its antimicrobial coating to serve existing client orders and create capacity for subsequent clients. ZEN also intends to continue to invest in its intellectual property related to graphene. Funds will also be used for general corporate purposes.
Following recent concerns surrounding the use of graphene in face masks and Health Canada's warnings of "a potential that wearers could inhale graphene particles from some masks, which may pose health risks", several companies involved in the production of such masks released their comments on the matter.
Zen Graphene Solutions, which developed a graphene-based virucidal ink and reported that it has a 99% effectiveness against COVID-19, released a statement saying that it is aware of the recent claims, and "is aligned and supportive of the steps taken to regulate the use of graphene and remove products that are unsafe for the public". It went on to state that its own products have been found safe in various "comprehensive testing". Later on, Zen also submitted various data requested by Health Canada - including final results received from Nucro-Technics on skin irritation and sensitivity that confirmed ZENGuard™ did not lead to any irritation or sensitivity.
ZEN Graphene Solutions recently announced a non-brokered private placement, for gross proceeds of up to CAD$2,000,000 (around USD$1.59 million). Now, Zen has updated that due to "strong demand", it has increased the size of the Offering.
The gross proceeds will now be up to CDN$4,000,000 (over USD$3.16 million) - doubling the initial planned total.
The proceeds of this offering will be used for capital expenditures in the scale up of the production of ZEN's biocidal coating material, operating expenses at both Guelph locations, capital expenditures at the York Rd, Guelph manufacturing facility, graphene research and for general working capital.