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Eagle Graphite (TSXV:EGA) and UBC partner on lithium-ion battery project

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TSXV:EGA
03 March 2021 15:45 (EDT)

Eagle Graphite (EGA) and the University of British Columbia have partnered on a lithium-ion battery research project.

The two-year project, funded by Eagle Graphite and the Government of British Columbia, seeks to develop and commercialize silicon-modified battery anodes made with graphite from Eagle’s Black Crystal quarry and plant in Valhalla, British Columbia.

The University of British Columbia’s Advanced Materials for Energy Storage Lab, under the leadership of Dr. Jian Liu, will lead research efforts during the initial stages.

“This project is significant to build understanding about the characteristics of critical battery material that could lead to a supply chain in B.C. and promote the adoption of electric vehicles in Canada,” Dr. Liu commented.

“Global adoption of new, more sustainable energy systems is intensifying, and superior materials for tomorrow’s batteries will play an enormous role in that transformation. We anticipate exponential growth in global demand for battery graphite to continue for many years,” added Jamie Deith, Eagle Graphite’s CEO.

Eagle Graphite owns the only natural flake graphite facility in Western North America that is constructed and permitted for production.

Eagle Graphite (EGA) is up 4 per cent and is currently trading at C$0.26 per share as of 1:40 pm EST.

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