Brief: NanoXplore Acquires Assets Of XG Sciences
29/08/2022 13:53
Aug 29 (Reuters) - NanoXplore Inc GRA.TO :
* NANOXPLORE ACQUIRES ASSETS OF XG SCIENCES
* NANOXPLORE INC- IS PLANNING TO MOVE ALL ASSETS FROM
LANSING,
MICHIGAN TO CANADA TO ESTABLISH A DEDICATED BATTERY MATERIAL
RESEARCH AND DEVELOPMENT FACILITY
* NANOXPLORE INC - PAYMENT OF TRANSACTION IS PAID IN CASH
WITHOUT
ANY SHARE ISSUANCE
* NANOXPLORE- PLANNING TO USE THESE ASSETS TO BUILD
SILICON-GRAPHENE ANODE MATERIAL FACILITY WITH A PRODUCTION
CAPACITY OF 100-200 TONS PER YEAR DURING 2023
Source text for Eikon: ID:nGNX8c9kYc
Further company coverage: GRA.TO
((Reuters.Briefs@thomsonreuters.com;))
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