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(Wallace Refiners) – ZEN Graphene Solutions (TSXV:ZEN) today announced further steps in collaboration with Constance Lake First Nation (CLFN) led by Chief Rick Allen.
According to the company’s statement, pursuant to the July 13, 2011, Exploration Agreement, the July 19, 2018, Memorandum of Understanding and subsequent September 24, 2018 amendment, both parties have now signed an Implementation Agreement (IA).
Zen Graphene said that the IA sets out the governance, roles, responsibilities, and activities for establishing the Project Partnership Structure (PPS) to advance the Albany graphite development and the relationship between ZEN and CLFN. The PPS will establish a framework and describe a structure to govern the long-term partnership between CLFN and ZEN to advance Albany.
The company added that the IA represents an opportunity to accelerate the development of the globally unique Albany graphite deposit.
ZEN is a next-gen nanomaterials technology company developing graphene-based technologies that help protect people and the environment. Additionally, the company owns the unique Albany graphite project, located in Ontario, Canada, which provides the company with a potential competitive advantage in the graphene market.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.