ELCORA OFFERS ADVANCED BATTERY TESTING SERVICES – IN SITU VOLUME CHANGE COMPLETION OF PRIVATE PLACEMENT _____________________________________________________________
HALIFAX, NOVA SCOTIA -- (Newsfile – May 03, 2018) ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), is pleased to offer advanced battery testing services. Elcora has developed expertise in the measurement of volume change while a battery is being charged/discharged. The measurement technique is based on a paper published by Dr. Jeff Dahn ‘An Apparatus for the Study of In Situ Gas Evolution in Li-Ion Pouch Cells’. In the paper Dr. Dahn describes how to use the Archimedes principal to measure volume changes in situ, while a cell is being charged/discharged (e.g. Figure 1).
Figure 1 - Voltage/volume change vs. time Elcora uses optimized volume expansion measurement hardware and in-house battery testing channels to monitor the expansion/contraction of pouch cells in situ as they are being charged/discharged. The technique is useful for studying the following: 1. Continuous electrolyte degradation/decomposition during cycling 2. Volume expansion due to de/lithiation a. Especially useful for high-capacity/large volume expansion materials like silicon b. Volume expansion due to blended electrode formulations, for example: i. Natural/Artificial graphite ii. Graphite/Silicon iii. NMC/LMO 3. Gas evolution during formation 4. Gas evolution as a function of cycling rate 5. Gas evolution as a function of temperature 6. Gas evolution as a function of additives (e.g. FEC)
Elcora has several channels dedicated to volume expansion measurements. Elcora is open to collaborations with battery cell manufacturers, researchers, and end-users (e.g. mobile electronics and automotive). Dr. Shane Beattie, Ph.D., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release Investment Elcora also announces the completion of the Private Placement subject to the final approval of the TSX Venture Exchange and is expected to close on May 07, 2018. The $1,000,000 investment is part of a non-brokered private placement offering (the “Private Placement”) of 3,125,000 units (“Units”) at a price of $0.32 per Unit to raise aggregate gross proceeds of $1,000,000. Each Unit is comprised of one common share and one common share purchase warrant. Each full warrant gives the holder the right to purchase one additional common share of Elcora at an exercise price of $0.36 for two years following the closing of the Private Placement. All securities issued pursuant to the Private Placement are subject to a statutory four-month hold period. The proceeds from the Private Placement will be used for funding additional graphite processing, graphene coating and lithium-Ion battery testing, and for general corporate purposes. Troy James Grant Guy Bourgeois ...